World

Energy analysts from the United Kingdom have found that many of the world’s largest car manufacturers that are launching EVs, or looking to launch EVs, are engaged in an “unprecedented” level of collaboration in order to share the costs and risks inherent in EV development. Cornwall Insight found that the collaboration could see a major boom in supply from the early 2020s.

The research firm says the value of the global inverter market will continue to decline until 2024, even though shipments will likely increase. China’s recent policy changes have increased pressure on prices, which will contribute to greater consolidation in the sector.

According to a new report by BNP Paribas Asset Management, renewables offer more advantages than simply mitigating climate change. Electricity is easier to transport than oil, and wind and solar electricity prices are much more stable than volatile oil prices. An analyst from the French bank argues that major producers will need to reduce oil prices below $20 to compete with clean energy in the transport sector.

The global power and renewable energy market is expected to remain largely unaffected by the Trump administration’s new wave of tariffs on Chinese goods. Although shipments of Chinese modules into the U.S. market are falling, Chinese manufacturers sent more panels to overseas markets in the first half of this year than they did in the same period of 2018. Analysts from Fitch, meanwhile, claim the U.S. solar market will continue to expand, despite higher project costs.

The U.S. National Renewable Energy Laboratory reports further progress in bringing down the cost of III-V solar cells. Scientists have refined their ‘brand new, 50-year-old’ D-HVPE technology to speed up the production rate for gallium arsenide solar cells by a factor of more than 20. The development is a potential step toward making incredibly efficient solar cells cost effective for everyday purposes.

The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.

As renewable energy development is ramped up to address the climate crisis, negative side-effects should be avoided, especially when technology and resources could maximize the benefits. ‘Techno-ecological’ crossovers could ensure win-win outcomes for solar development and ecosystem and biodiversity conservation.

A satellite launched from Florida last month has successfully unfurled its ‘solar sail’ in an early test of a new type of sunlight powered propulsion. The Planetary Society aims to demonstrate the technology as a viable way to propel small satellites, greatly lowering the cost of space exploration.

Corporations are buying up batteries and investing in their companies like it’s going out of style.

Study claims that investment in a new 1GW nuclear power plant leads to average losses of approximately 4.8 billion euros. It further argues that the technology’s dangerous radioactivity emissions and proliferation risks do not qualify it as a ‘clean’ energy solution to be considered for addressing climate change. Yet still, governments are incorporating the technology into clean energy plans around the world.