Clean Energy Technology Market in China to Grow at a CAGR of 11.6%

Digital Journal | March 24, 2019

A new business intelligence report released by HTF MI with title "Clean Energy Technology Market in China 2014-2018" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Clean Energy Technology Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Alstom, China National Nuclear (CNNC), Suntech Power Holdings, Trina Solar, Yingli Green Energy Holding, Xinjiang Goldwind Science & Technology, China Ming Yang Wind Power Group, Dongfang Electric, Envision Energy, Guodian United Power, JA Solar Holdings, JinkoSolar Holding, LDK Solar, Mitsubishi Heavy Industries, ReneSola, Shanghai Electric Group, Shanghai Taisheng Wind Power Equipment, Sinovel.

Spotlight

Sadly, it’s true: solar panels can really fly and about a decade ago, reports of damage to and by solar panel systems were a common thing after a storm. So what happened? On a small scale, you can mount perhaps 20 solar panels flush to the angled roof of your own house. On a large scale, there are vast arrays of thousands and thousands of solar panels installed on the flat or nearly flat roofs of industrial buildings.

Spotlight

Sadly, it’s true: solar panels can really fly and about a decade ago, reports of damage to and by solar panel systems were a common thing after a storm. So what happened? On a small scale, you can mount perhaps 20 solar panels flush to the angled roof of your own house. On a large scale, there are vast arrays of thousands and thousands of solar panels installed on the flat or nearly flat roofs of industrial buildings.

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SOLAR+STORAGE

Mon Power and Potomac Edison Propose Solar Energy Projects in West Virginia

FirstEnergy | November 24, 2021

Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp., have submitted an application to the Public Service Commission of West Virginia for approval to build five utility-scale solar energy projects throughout the companies' West Virginia service territory. Together, the facilities would generate 50 megawatts of clean, renewable energy to help make West Virginia more attractive for business development. The application supports a 2020 bill passed by the West Virginia legislature that authorizes electric utilities to own and operate up to 200 megawatts of renewable generation facilities to help meet the state's electricity needs. The addition of new renewable generation also encourages economic development in West Virginia, as a growing number of companies require that a portion of the electricity they purchase be generated by renewable sources. Many of our customers have expressed strong interest in solar power in recent years, and we are excited about the opportunity to meet the growing demand for renewable energy in our service territory while supporting West Virginia's economic development goals." Jim Myers, President of FirstEnergy's West Virginia operations If the program is approved, Mon Power would build, own and operate the five solar facilities, and the energy produced would be available for purchase by Mon Power and Potomac Edison customers in West Virginia. Customers who participate in the program would receive the equivalent of one solar renewable energy credit (SREC) for each megawatt hour of energy purchased. To help ensure the development of clean, renewable energy in the state, the cost of the solar generation would be paid for by Mon Power and Potomac Edison customers in West Virginia through a nominal solar surcharge until all the energy credits are purchased by program participants. Once approved, procurement, groundbreaking and permitting would begin on the first phase of solar facilities as soon as 2022, with all five expected to be completed before the end of 2025. Four of the five proposed sites are on property owned by Mon Power or its affiliates, and the fifth location is still under review. The sites include: A 26-acre reclaimed ash disposal site in Berkeley County A 51-acre site adjacent to a Mon Power substation in Hancock County A 95-acre site in Monongalia County A 44-acre reclaimed strip mine property in Tucker County "We believe this is an exciting new use for several underutilized properties that will diversify our energy sources with clean, renewable options and help us continue to provide safe, reliable power to our customers in West Virginia," added Myers. Mon Power serves about 395,000 customers in 34 West Virginia counties. Potomac Edison serves about 275,000 customers in seven counties in Maryland and 151,000 customers in the Eastern Panhandle of West Virginia. About FirstEnergy FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions.

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ENERGY

SoCalGas Proposes to Develop United States' Largest Green Hydrogen Energy Infrastructure System to Help Decarbonize LA Basin

SoCalGas | February 18, 2022

Southern California Gas Co. (SoCalGas) announced its proposal to develop what would be the nation's largest green hydrogen energy infrastructure system to deliver clean, reliable renewable energy to the Los Angeles region. As proposed, the Angeles Link would support the integration of more renewable electricity resources like solar and wind and would significantly reduce greenhouse gas emissions from electric generation, industrial processes, heavy-duty trucks, and other hard-to-electrify sectors of the Southern California economy. The proposed Angeles Link would also significantly decrease demand for natural gas, diesel, and other fossil fuels in the LA Basin, helping accelerate California's and the region's climate and clean air goals. "The challenges we face on climate require solutions of scale and urgency," said Scott Drury, chief executive officer of SoCalGas. "The Angeles Link is designed to meet those challenges head-on. Today in Southern California we're announcing plans for one of the world's largest clean energy infrastructure systems, to help tackle emissions for which there are no easy answers. Those emissions – from power plants, industry, and heavy-duty trucks - very much 'count' and must be significantly reduced to reach our and the State's climate goals." As the nation's largest manufacturing hub, the Los Angeles Basin is home to many potential green hydrogen users. As proposed, Angeles Link's green hydrogen could: Displace up to 3 million gallons of diesel fuel per day by replacing diesel powered heavy-duty trucks with hydrogen fuel cell trucks Eliminate up to nearly 25,000 tons of smog forming NOx per year Provide the clean fuel to convert up to four natural gas power plants to green hydrogen As contemplated, the Angeles Link would deliver green hydrogen in an amount equivalent to almost 25 percent of the natural gas SoCalGas delivers today. Building the system to provide a clean alternative fuel could, over time and combined with other future clean energy projects, reduce natural gas demand served by the Aliso Canyon natural gas storage facility, facilitating its ultimate retirement while continuing to provide reliable and affordable energy to the region.  "California policymakers, thought-leaders, business, academic, labor, and environmental communities all agree green hydrogen is vital to achieving our climate and clean air goals," Drury continued. "With relationships to thousands of industrial end users, a regulatory framework that promotes a transparent and robust stakeholder process serving the public interest, and an extraordinary workforce to do the job safely, SoCalGas is well positioned to work with California to capitalize on this pioneering opportunity to build what would be America's largest green hydrogen hub. The Angeles Link project, if approved and completed, is poised to extend our state's position as a leader on clean energy well into the future while helping to attract billions of dollars in new investment and maintaining and creating thousands of skilled jobs." "If we are going to be successful in tackling the climate emergency, we need every company, every worker and every community on the front lines," Senate Majority Leader Emeritus Bob Hertzberg (D-Van Nuys) said. "This effort to establish a green hydrogen energy system in the Los Angeles basin is a creative and inventive step forward in that fight. It will not only dramatically reduce carbon emissions, it will create good-paying jobs." We are encouraged that SoCalGas is embarking on a major project that will help make green hydrogen a reality here in Los Angeles. Developing a source of safe, affordable green hydrogen is key to achieving our clean energy future by 2035, while ensuring the reliability we all need and depend on. Projects like the proposed Angeles Link are an important step forward." Marty Adams, Chief Engineer and General Manager of Los Angeles Department of Water and Power (LADWP) "As President of the Los Angeles County Federation of Labor, my priority is creating good union jobs while also seeking solutions that protect workers and their families when they return from a hard day's work," Ron Herrera, president of the Los Angeles County Federation of Labor, AFL-CIO said. "The thought of creating a massive clean, green energy hub in Los Angeles, growing union jobs, and preserving the thousands of middle-class jobs for refinery, utility, and electrical workers is exactly the sort of out-of-the-box thinking that this project presents. This is infrastructure done right." "A dedicated green hydrogen system is essential to meeting Los Angeles County's goal of transitioning to a carbon free energy system," said Supervisor Kathryn Barger, who represents Los Angeles County's Fifth District. "By decarbonizing hard to electrify industries, Angeles Link will decrease demand for fossil-based natural gas and increase the amount of reliable clean energy in the region. This will help L.A. County continue to grow sustainably without increasing greenhouse gas emissions and jeopardizing grid reliability." "Utility Workers Union of America Local 132 is excited to support Angeles Link. It is precisely the type of future forward energy thinking our members have long advocated for – innovation, union job creation and maintaining reliable, as well as affordable, infrastructure," said Eric Hofmann, president of Utility Workers Union of America Local 132. "This is the way to build back the middle class in California." "Infrastructure projects like Angeles Link are critical to realizing the green hydrogen vision we developed in HyDeal LA because it will enable low delivered cost for large-scale users across multiple sectors," said Janice Lin, the founder and President of the Green Hydrogen Coalition. "Continuing a California tradition of leading on climate, Angeles Link will help position the US among global leaders in green hydrogen development. The Green Hydrogen Coalition appreciates SoCalGas' leadership in facilitating access to high volume, low cost green hydrogen to accelerate California's economy-wide clean energy transition." "Angeles Link is the first real proposal I've seen that can substantially decrease the need for natural gas in the city of Los Angeles without compromising grid reliability," John Lee, Los Angeles City Councilmember, District 12 said. "I support the goals of this proposal because it will help us get one step closer to achieving the City's goal of 100% clean energy by 2035 without compromising reliability and hurting jobs." "Today's Angeles Link announcement is exactly the business innovation that the Los Angeles region needs to remain competitive and affordable today and well into the future" added Tracy Hernandez, Founding CEO of the Los Angeles County Business Federation (BizFed). "A thriving Southern California is essential for California to succeed. Building out a clean energy infrastructure is a win-win for local businesses, our state and, ultimately, the country." "We are on the precipice of huge growth in the production, distribution, and use of green hydrogen to enable high renewable use and zero emissions in all sectors of the economy," said Jack Brouwer, Director the National Fuel Cell Research Center at the University of California, Irvine. "For nearly a decade, SoCalGas has worked together with us and others to make the hydrogen economy a reality, including helping us build the very first power-to-gas-to-power system in the country right here on the UCI campus. The Angeles Link is a great example of what can be done when government, industry, and academia work together toward a common purpose." "Achieving carbon neutrality requires an integrated clean fuels network to power transportation and industries that are difficult to electrify," said Lew Fulton, Director of the Sustainable Transportation Energy Pathways Program, for the Institute for Transportation Studies at University of California Davis. "This project will help develop a green hydrogen network that can deliver this energy to our nation's largest transportation and manufacturing centers while enabling the widespread production of low-carbon, renewable electricity." Green Hydrogen Is Key to Reaching Net Zero Emissions by 2045 Renewable green hydrogen has the potential to deliver significant emissions reductions in industries and sectors where renewable electricity alone cannot. Research studies conducted by Energy and Environmental Economics, Inc. (E3) and the National Renewable Energy Laboratory (NREL LA100) highlight the need for clean fuels like green hydrogen to achieve Los Angeles' LA100 net zero goals and California's mid-century climate goals. Global investments in green hydrogen are helping to reduce its cost. Locally, HyDeal Los Angeles, an initiative of the Green Hydrogen Coalition, a non-profit organization supported by the Los Angeles Department of Water and Power (LADWP), SoCalGas, Mitsubishi Power, and others aims to make green hydrogen cost-competitive with traditional fuels – and achieve at-scale green hydrogen procurement at $1.50/kilogram in the LA Basin by 2030.  The proposed Angeles Link is key to helping the region achieve its goals, and it is an extension of SoCalGas' role as an industry leader in hydrogen. In 2015, the company launched the first power-to-gas hydrogen demonstration project in the U.S. In 2021 Fast Company magazine chose SoCalGas' H2 Hydrogen Home microgrid demonstration as one of its World-Changing Ideas in North America. Today SoCalGas has 10 hydrogen pilot projects in motion and is testing moving hydrogen through existing natural gas infrastructure. Preliminary Actions   To promote the public's interest in transparency and accountability, SoCalGas is filing an application with the California Public Utilities Commission (CPUC) requesting approval to track costs related to development of the Angeles Link. The company proposes a phased approach with a robust stakeholder process each step of the way. The application, available here includes descriptions of each phase, including development of a detailed project application as part of Phase 3. With this application submission the proposed Angeles Link is in its initial stage of development, and subsequent stages will require further regulatory review and discretionary approvals, among other things. SoCalGas' Clean Fuels Initiatives Supporting California's Climate Goals In support of California's climate goals and in alignment with Paris Agreement recommendations, SoCalGas set a net zero emissions goal for scopes 1, 2, and 3 greenhouse gas emissions by 2045. SoCalGas' Aspire 2045 strategy focuses on helping California navigate the energy transition to a carbon neutral economy with a resilient, clean gas grid. About SoCalGas Headquartered in Los Angeles, SoCalGas is North America's largest gas distribution utility, serving 21.8 million consumers across 24,000 square miles of Central and Southern California with affordable, reliable, and increasingly renewable gas service. SoCalGas's mission is to build the cleanest, safest and most innovative energy company in America. SoCalGas has committed to the goal of achieving net zero greenhouse gas emissions in its operations and delivery of energy by 2045 while keeping bills affordable for customers. SoCalGas' recent economy-wide technical analysis shows how clean fuels like green hydrogen can help California achieve its net zero goals more affordably and with less risk than other energy pathways.

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SOLAR+STORAGE

Clearway Enterprise Announces Agreements for 1.6 GW Portfolio of Renewable Energy Assets

Clearway Energy, Inc. | December 23, 2020

Clearway Energy, Inc. what's more, its inexhaustible improvement accomplice and parent organization, Clearway Energy Group LLC ("CEG"), today declared arrangements accommodating CWEN's co-interest in a 1,204 MW arrangement of environmentally friendly power ventures created by CEG comprising of I) 1,012 MW from five geologically enhanced breeze, sunlight based, and sun based in addition to capacity resources being worked on and ii) the 192 MW Rosamond Central sun based task which is required to begin activities before the year's over. Also, the gatherings corrected the current association understanding for the 419 MW Mesquite Star wind venture giving CWEN an extra 27.51% of the undertaking's incomes after the principal half of 2031. Roughly 90% of the age from the undertakings are contracted with a different gathering of fundamentally speculation grade counterparties, including utilities and burden serving substances, Fortune 500 partnerships, business and mechanical clients, and monetary organizations, and the portfolio has a more noteworthy than 14-year mixed normal agreement length. Subject to shutting changes and the ventures accomplishing certain achievements, CWEN hopes to put roughly $214 million in corporate capital before the finish of 2022. In view of the current expected planning of the activities accomplishing COD, CWEN expects, before corporate financing costs, the resource CAFD commitment from the ventures to be unimportant in 2021, roughly $9 million of every 2022, and $20 million on a 5-year normal premise starting on January 1, 2023. "Our obligation to put resources into this arrangement of environmentally friendly power and battery stockpiling undertakings will add geographic and innovative expansion at CWEN," said Christopher Sotos, Clearway Energy, Inc's. President and Chief Executive Officer. "We are satisfied to accomplish this significant achievement as a team with our improvement accomplice and anticipate cooperating on future accretive portfolio ventures." "We are excited to effectively finish our biggest portfolio exchange to date with Clearway Energy, Inc.," said Craig Cornelius, Chief Executive Officer at Clearway Energy Group LLC. "This geologically assorted 1.6 GW arrangement of wind, sun oriented, and energy stockpiling ventures speaks to the monetary chance of environmentally friendly power in each side of this nation. Taken together, in excess of 2,500 American positions will be made to construct and work these perfect energy resources, which will proceed to supply spotless and ease capacity to countless families and organizations across the United States. The present concurrence with our speculation accomplices will be significant in our proceeded with capacity to give clean energy at the size of our nation's interest while assisting with conveying on speculators' developing interest in environmental change arrangements."

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