May 17, 2020

Renewable Energy Investments Hit Record Highs

energy digital
renewable energy investment
clean energy in
2 min
 Rumors of the demise of the solar market are exaggerated: solar investments nearly doubled wind power investments last year
Investments in renewable energy hit a record high of $260 billion last year due to a surge in solar developments and increased spending, according to...


Investments in renewable energy hit a record high of $260 billion last year due to a surge in solar developments and increased spending, according to Bloomberg New Energy Finance. Jumping 36 percent last year, solar received nearly twice as much financial backing as wind power.

After a rapid drop in the prices of solar panels, more developments were possible. According to chief executive of New Energy Finance Michael Liebreich, the jump in photovoltaic installations in the US and Europe overcame the 50 percent decline in the price of modules in 2011.

“For every equipment company operating at thin or negative margins, there is an installer who is getting a good deal,” Liebreich said in the statement. “Rumors of the death of clean energy have been greatly exaggerated.”


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Although last year experienced some of the slowest growth since 2009, spending bounced back and expanded 31 percent in 2010. With government support programs for renewable energy, America's clean energy investments outpaced China for the first time since 2008. But with the remaining incentive set to end at the end of this year, Liebreich says there will be a rush to get more projects finished, followed by a slump in 2013.

Meanwhile, renewable energy investment in Europe rose 3 percent last year, while India's increased 52 percent and Brazil's increased 15 percent.



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May 4, 2021

Awesense launches digital clean energy marketplace

Dominic Ellis
3 min
The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation

Awesense has launched what it claims is the only energy-focused repository of solutions built to drive the industry's decarbonization agenda.

The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation, uniting applications, solutions and algorithms to solve energy and grid challenges.

Solutions listed on the marketplace cover a range of cases, and launch companies include Doosan GridTech, Kitu Systems, vadiMAP, LO3 Energy, ENGIN, Utilidata, Clir Renewables, ChargeLab, SensorLink, Exeri, Easy SmartGrid, and Athena Power.

“We are welcoming a new era in the decarbonization of energy systems,” said Mischa Steiner, CEO of Awesense. “The goal of achieving a clean energy future requires collaboration amongst key industry players in the utilities and energy sectors. Sharing resources through the Marketplace means that our customers and partners have a truly seamless approach as we work towards our common goal - ultimately, decarbonizing the world’s energy system.”

Utilities, consulting companies, and other organizations struggle to develop solutions that can be scaled across many jurisdictions due to complex data integration and the lack of a standard, open data model. Using the solutions offered throughout the Marketplace, organizations can rapidly accelerate their transition to a decentralized, decarbonized future and develop solutions that are scalable across industry. The platform will open up new revenue streams in areas such as:

  • Distributed energy resource integration and control

  • Electric vehicle charging

  • Demand response and smart-home management

  • Grid services

  • Intelligent asset management

  • Transactive energy

  • Microgrid management

  • Advanced distribution system management

The new marketplace builds on Awesense's Digital Energy Platform, a digital twin based energy analytics platform that allows utilities to scale at the same pace as the rapidly changing technology landscape of the energy grid.

Together, the Open Energy Data Model and the Awesense Marketplace removes hurdles around data mapping and transformation, expedites data preparation and refining, and provides a common framework for companies to collaborate.

“The energy-specific data model allows utilities, technology companies, consulting firms, and other vendors to build solutions that can be easily integrated by other energy companies, to make a real impact on the industry as a whole, and develop new revenue streams for their organizations” said Steiner. “We’re looking forward to seeing the Awesense Marketplace grow as more partners committed to energy decarbonization join us.”

There are no simple solutions to putting the world on a sustainable path to net-zero emissions, according to the IEA. Reducing global CO2 emissions will require "a broad range of different technologies working across all sectors of the economy in various combinations and applications." it notes

Renewable Energy Hub of South Australia formed

Amp Power Australia has established the Renewable Energy Hub of South Australia, a strategic portfolio of large scale integrated Solar PV, Wind and Battery Energy Storage assets located in South Australia. The hub also includes the siting of the Spencer Gulf Hydrogen Energy Ecoplex, forming part of the South Australian Government's Hydrogen Action Plan. 

The portfolio, acquired from EPS, includes three large Solar PV projects totalling over 1.3 GW of generation, located at Robertstown (636 MW), Bungama (336MW) and Yoorndoo Ilga (388MW) with a total BESS capacity of up to 540MW across the portfolio.

Amp's expansion in Australia will include the implementation of Amp X, a proprietary digital energy platform 100% owned by Amp, which provides a diverse portfolio of disruptive and interoperable grid edge solutions, and includes a smart transformer, which enables real-time autonomous management and optimised dispatch of all forms of distributed generation and loads across the grid. 

Palmetto recently opened its marketplace in Arizona, and is now serving 20 states across the country, claiming its proprietary technology, marketplace business model, and consumer mobile application "are all designed to democratize access to clean energy".


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