Energy Tech

• [New] Consumers and energy distributors will need to fork out an extra £4.5bn in the coming decade, if Britain foregoes expanded output from biomass linked to carbon capture and storage.
• [New] Investments in clean energy and efficiency would support a historic energy efficiency and clean electricity standard that would transform the electric sector to be carbon pollution free by 2035 and create good paying union jobs.
• [New] There's still much more to do in power - more solar and wind (capacity must double by 2030), more energy storage and less coal.
• [New] The discretionary request invests $1.9 billion in a Building Clean Energy Projects and Workforce Initiative at DOE to begin the vital task of achieving carbon pollution free electricity by 2035 while creating good-paying new jobs.
• [New] A BMS will oversee the distributed battery system, providing a blend of long-duration energy storage and short-term power delivery.
• [New] Improvements in energy and resource efficiency will play a particularly significant role in reducing industrial emissions in the 2020s, leading the way in widespread emissions reductions whilst infrastructure for deep decarbonisation options is built up throughout the decade.
• [New] Biden's American Jobs Plan includes a $100 billion investment in the power grid, including tax credits to incentivize the deployment of at least 20 GW of high-voltage capacity power lines, as well as extending and expanding tax credits for clean energy resources, including energy storage.
• [New] Apple will use an array of Tesla Megapack batteries for a grid-scale energy storage project at its solar farm in California.
• [New] Using the estimate for the size of the global electricity market in 2030, savings translate into a TAM of $220 billion per year.
• [New] President Biden's plan will establish a $27 billion Clean Energy and Sustainability Accelerator to mobilize private investment into distributed energy resources; retrofits of residential, commercial and municipal buildings; and clean transportation.
• [New] Americans may exaggerate the benevolent nature of U.S. hegemony, but its geographic distance from others and relatively benign intentions made its position of primacy more acceptable to many other states than the overall distribution of power might suggest.
• [New] The US Infrastructure Plan proposes a 10-year extension and phase down of an expanded direct-pay investment tax credit and production tax credit for clean energy generation and storage, all in an effort to modernize the power sector and to move toward 100-percent carbon pollution-free power by 2035.
• The rise of cognitive computing, AI, and data analytics in IoT technology is anticipated to create new opportunities for the global IoT in energy market.
• Mortgage lenders' propositions could include either installing fast chargers as part of the home move, or partnerships with utility companies like Octopus Energy, whose scheme uses electric vehicles as storage to offset energy bills.
• Whether China can flatten its carbon emissions in the next decade remains to be seen, and its goal of carbon neutrality by 2060 depends heavily on increasing reliance on renewable energy and nuclear power, as well as major technological advances in areas such as carbon capture-and-storage.
• Artificial intelligence, improved data analytics, energy grids, new methods for delivering and managing energy storage and delivery could make energy systems around the world cleaner, more efficient and lead to significant productivity gains in the energy sector itself.
• Industrial energy efficiency improvement can save around 250 million tonnes of India's emissions by 2050, and would come at very low cost.
• Americans may exaggerate the benevolent nature of US hegemony, but its geographic distance from others and relatively benign intentions made its position of primacy more acceptable to many other states than the overall distribution of power might suggest.
• Another key point from Battery Day is that once Tesla achieves a 3 TWh battery production capability, it will change the entire face of the energy and power delivery system.
• Biden's clean electricity standard for the power sector, which will force all U.S. electricity to be carbon-free by 2035, will require huge private investment - in solar, wind, storage, hydro, and nuclear.
• Between new electric vehicle charging stations, new transmission lines, more renewable energy capacity, grid resiliency initiatives and more funding for energy storage and clean tech R&D, the American Jobs Plan covers a sprawling web of initiatives that support electric vehicle makers and EV owners.
• World's wealthiest nations will need 2,594 GW of energy storage and 933 GW of flexible gas power capacity capable of running on future fuels.

Last updated: 18 April 2021