Renewable Energy Market Update

whitePaper | May 5, 2022

Wind and solar generation are the dominant new forms of electricity generation in the United States. They will be for the foreseeable future. This trend is being driven by decreasing costs and increasing demand from utilities and companies seeking affordable, clean electricity.

whitePaper | November 15, 2022

Offshore wind is the primary supplier of CO2-free electricity moving towards decarbonising the Dutch power system. The installed capacity aims to increase sevenfold to 21.5 GW by 2030. However, the current market trends of increasing renewable capacity, industrial electrification, gas and CO2 prices, the expansion of interconnection, and the need for grid reinforcements are making the power market more volatile. These trends, together with the phasing out of subsidies, result in increasing the risks for offshore wind business.

whitePaper | September 18, 2022

Decarbonising our societies and economies is arguably the biggest challenge of this century. However, large parts of industry, agriculture or sea transport cannot be decarbonised directly with green electricity. Green hydrogen is therefore key to bringing their CO2 emissions to net zero. As this view becomes increasingly established, green H2 project announcements are skyrocketing. Consequently, green hydrogen is also gaining in importance for investors.

whitePaper | January 16, 2020

In 1800, Alessandro Volta invented the first battery, which came to be known as the voltaic pile. It was the first device to provide a steady supply of energy. Batteries have come a long way since then. In the 1970s, lithium-ion batteries were commercialized for the first time. Now they are a crucial component in revolutionizing and enabling continued renewable penetration on the US electrical grid.

whitePaper | August 11, 2022

The global climate change summit, COP26, in November last year emphasised the urgent need to keep 1.5 degrees Celsius alive, limit global warming and push for more low-carbon power, as well as renewables. Then prices for energy began to skyrocket in Europe and Asian markets in January due to post-COVID energy bottlenecks. Finally, the recent war in Ukraine has emboldened world leaders’ to prioritise energy security and question where their imported fuels come from.

whitePaper | August 25, 2022

Solar PV is a crucial pillar of clean energy transitions worldwide, underpinning efforts to reach international energy and climate goals. Over the last decade, the amount of solar PV deployed around the world has increased massively while its costs have declined drastically. Putting the world on a path to reaching net zero emissions requires solar PV to expand globally on an even greater scale, raising concerns about security of manufacturing supply for achieving such rapid growth rates – but also offering new opportunities for diversification.