2019-2028 Global Renewable Energy Market: Industry Trends, Business Overview & Forecast Analysis

The Financial Strategy | February 26, 2019

Renewable Energy Market 2019″ describes an in-depth evaluation and professional survey on the present and future state of the Renewable Energy market across the globe, including valuable facts and figures. Renewable Energy Market provides information regarding the emerging opportunities in the Renewable Energy market & the market drivers, trends & upcoming technologies that will boost these growth trends. Renewable Energy Market report provides a comprehensive overview of Renewable Energy including definitions, Segmentation by Type, Production and CAGR (%) Comparison, Scope, Share, Application, Revenue Status and Outlook, Capacity, Production Status and Outlook, Market Drivers and Opportunities, Growth Rate, Export, Consumption, Import, Emerging Markets/Countries. The Renewable Energy market report assesses the key regions (countries promising huge market share for the forecast period 2019-2028.

Spotlight

Transport is the largest producer of greenhouse gases (GHGs) in the European Union (EU), contributing almost 30% to the total. Heavy-duty vehicles (HDVs), primarily commercial trucks and buses, are responsible for 26% of these emissions. Adoption
of electric vehicles is expanding in the light-duty sector in Europe, but the heavy-duty sector relies almost entirely on internal combustion (diesel) powertrains; in 2021, zero emission HDVs represented only 1% of new HDV registrations in the EU.

Spotlight

Transport is the largest producer of greenhouse gases (GHGs) in the European Union (EU), contributing almost 30% to the total. Heavy-duty vehicles (HDVs), primarily commercial trucks and buses, are responsible for 26% of these emissions. Adoption
of electric vehicles is expanding in the light-duty sector in Europe, but the heavy-duty sector relies almost entirely on internal combustion (diesel) powertrains; in 2021, zero emission HDVs represented only 1% of new HDV registrations in the EU.

Related News

SOLAR+STORAGE

CPS Energy Completes Its FlexPOWER Bundle℠ Initiative

CPS Energy | February 10, 2023

On February 09, 2023, CPS Energy, a utility company, reached agreements with three companies, completing its FlexPOWER Bundle initiative, which was released as a Request for Proposal (RFP) in 2020. This initiative will deliver 580 megawatts (MW) of solar, 500 MW of natural gas and 50 MW of storage capacity of green energy. In addition, CPS Energy will release a separate RFP for adding 320 MW of solar capacity, including solar community proposals, and update its generation portfolio. Regarding the agreements, Calpine, a power company, will provide approximately 500 MW of firming capacity; Ashtrom Renewable Energy firm, in collaboration with OnPeak Power, will provide 100 MW; and green energy investor Eolian will grant exclusive rights for 50 MW of energy storage. San Antonio Mayor, Ron Nirenberg, said, "When we launched the FlexPOWER Bundle, we cast an international net to see what new technologies we could procure for our community." He added, "These last three agreements signify years of hard work and will provide reliable generation to our community. We look forward to our new partnerships and what they will mean for the City of San Antonio." (Source – Cision PR Newswire) President and CEO of CPS Energy, Rudy D. Garza, said, "Securing these last three agreements marks the end of a more than two-year long process that the CPS Energy team has been working diligently on." He added, "The FlexPOWER Bundle was created to further diversify our generation mix, which we have accomplished, and we look forward to continuing to add solar capacity to our portfolio with a new 320 MW RFP to be launched in the coming months." (Source – Cision PR Newswire) About CPS Energy Headquartered in San Antonio, Texas, CPS Energy, a municipally owned electric and natural gas company, is providing secure, affordable services across the Greater San Antonio area. It focuses on job creation, educational investment, clean energy investment, and economic development as a community partner. With employees' volunteerism and commitment to the community, it has conducted programs that add value to the customers, offering reliable power along with sensitivity towards the environment. Its partners include companies working for clean energy, efficiency, and innovation, especially in solar power. It specializes in the fields of public utilities, renewable energy, electricity, and natural gas

Read More

ENERGY

AVANGRID Intends to Invest in Solar Trackers of Partner ATI

AVANGRID | March 06, 2023

AVANGRID (a member of the Iberdrola Group), a sustainable energy company, has recently announced its intent to invest in solar trackers from Array Technologies (ATI), enhancing their partnership to the next level. Through the equipment with safe harbor inventory and solar trackers, AVANGRID plans to construct a 321 MW True North solar array farm in Falls County, Texas, strengthening the State’s clean energy output. Array Technologies is a trusted supplier of green energy equipment to AVANGRID and the Iberdrola Group, and this purchase is an additional step to their partnership. This partnership will continue to grow as AVANGRID expands its portfolio of a sustainable energy company in the U.S. This agreement was crucial to the final investment decision for the construction and expect to complete in 2024. AVANGRID’s CEO, Pedro Azagra said, “We are very proud to announce this collaboration with Albuquerque, New Mexico based Array Technologies.” He added, “Projects like True North are crucial to decarbonization and will help the country reach its ambitious clean energy goals and help New Mexico grow industrial green energy jobs.” (Source – Business Wire) Array Technologies’ CEO, Kevin Hostetler said, “Array is honored to supply our industry leading DuraTrack solar trackers to AVANGRID for the True North solar farm.” He added, “Our durable and low maintenance trackers will help provide clean renewable energy for the Texas grid, ensuring the local community has reliable power for years to come.” (Source – Business Wire) About AVANGRID Headquartered in Orange, Connecticut, AVANGRID, a sustainable energy solutions provider, offers services for electric distribution, utilities, gas distribution, electric transmission, renewable energy, onshore wind, and offshore wind. Its primary businesses are Avangrid Networks, serving electric and natural gas customers in the Northeast, and Avangrid Renewables, offering onshore and offshore renewable energy solutions in the U.S. With its ESG+F framework and the UN Sustainable Development Goals, it strives for diversity, equity and inclusion. JUST Capital has recognized its contribution to the environment and community well-being. The Ethisphere Institute named it one of the World’s Most Ethical Companies for three years.

Read More

SOLAR+STORAGE

The All-New Amprius 500 Wh/kg Battery Platform is Here

businesswire | March 27, 2023

Amprius Technologies, Inc. a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, is once again raising the bar with the verification of its lithium-ion cell delivering unprecedented energy density of 500 Wh/kg, 1300 Wh/L, resulting in unparalleled run time. At approximately half the weight and volume of state-of-the-art, commercially available lithium-ion cells, the all-new battery cell delivers potential industry-disrupting performance with barrier breaking discharge times. Amprius’ next-generation cells are well positioned to power products in the fast-growing aviation and, eventually, electric vehicles markets, estimated to be collectively over $100 billion in battery demand by 2025. “These cells provide a run time of 200% compared to state-of-the-art graphite cells, while being lighter and smaller than other batteries with the same energy content,” said Jon Bornstein, President of Amprius Lab. “This latest validation continues Amprius’ track record of producing the world’s most powerful battery cells and sets an industry benchmark for next-generation battery technology that will ultimately revolutionize how high we fly, how far we travel and how long we can use our devices.” The 500 Wh/kg battery platform significantly expands boundaries for customers and is a tailored solution for applications that require maximum discharge times without compromising key features such as aircraft payload and without having to increase vehicle weight. The new batteries demonstrate both high gravimetric energy density (Wh/kg) and volumetric energy density (Wh/L) with exceptional adaptability. The customizable platform allows customers to select the option to either increase energy content in a battery pack without increasing weight, reduce weight in applications that target a fixed energy content, or combinations of both. Higher energy is important for longer run times, range and endurance, while lighter packs increase energy efficiency – even for the same battery energy content. “We look forward to taking advantage of Amprius’ 500 Wh/kg cell to further develop Zephyr’s unrivalled stratospheric endurance capabilities,” said Pierre-Antoine Aubourg, Chief Technical Officer at AALTO HAPS, the Airbus subsidiary developing the 100% solar-electric High Altitude Platform Station for connectivity and earth observation applications. “Amprius is a valued current supplier with a great track-record, and we are confident that Amprius’ battery will deliver the capability we need.” The record 500 Wh/kg energy density performance was verified by Mobile Power Solutions, a leading testing house offering comprehensive battery regulatory compliance, safety, and performance testing. The results indicate that this cell model provides >504 Wh/kg and >1321 Wh/l at 25°C. About Amprius Technologies, Inc. Amprius Technologies, Inc. is a leading manufacturer of high-energy and high-power lithium-ion batteries producing the industry’s highest energy density cells. The Company’s corporate headquarters is in Fremont, California where it maintains an R&D lab and a pilot manufacturing facility for the fabrication of silicon nanowire anodes and cells. To serve significant customer demand for its high-performance silicon anode lithium-ion batteries, Amprius recently signed a letter of intent for an approximately 774,000 square foot facility in Brighton, Colorado that initially provides a potential of up to 5 gigawatt-hours (GWh) manufacturing capacity. Amprius’ commercially available batteries deliver up to 450 Wh/kg and 1,150 Wh/L, the industry’s highest known energy density cells available on the market today. Based on Amprius’ current level of battery performance and pilot production, the Company will be able to use its proprietary anode technology to deliver battery cells that contain energy density levels that approach 2x the performance of current commercially available graphite cells.

Read More