Trends Transforming Clean Energy Businesses
The global economic collapse hit the clean energy industry hard. New “green” technologies that already had difficulty securing loan guarantees from financial institutions prior to the economic downturn found it even more difficult over the last three years. However, the market is bouncing back as large-scale clean energy projects seem to be gaining investment and development resurfaces.
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Pike Research, a market research and consulting firm focusing on clean tech energy markets has identified the trends transforming the clean energy market:
- Revival of direct current (DC) transmission and distribution technologies
- China's rise as the most important global market for waste-to-energy power plants
- New rules for economies of scale, from huge wind turbines as large as 10 megawatts (MW) to small modular nuclear reactors that could power a shopping center or a business complex
- Greater diversification of technology choices in solar, including a resurgence of concentrated solar power (CSP) and concentrated solar PV (CPV)
- More product diversity in the wind power sector, both in terms of design and scale, including more vertical axis and two-bladed turbine designs and the increasing importance of mid-sized turbines (100 kW to 1 MW)
- The movement of power plants to marine sites, including the growth of offshore wind, hydrokinetic wave and tidal generators, and even floating solar photovoltaics (PV) on water-based sites
- Growth in geothermal generation, largely due to state renewable portfolio standards (RPS) in the western US
- Investor-owned utilities returning to ownership/development of new renewable generation projects
More trends and an in-depth look at the above trends can be found in Pike Research’s full report: "Clean Energy: Ten Trends to Watch in 2011 and Beyond"
Sungrow links Europe's largest energy storage plant to grid
Europe's largest energy storage project, the 100MW/100MWh Minety plant featuring Sungrow's 1500V energy storage system solutions, has been successfully connected to the UK grid.
The UK experienced the most debilitating blackout in nearly a decade in August 2019. The incident exposed the serious lack of frequency regulation of the national grid and demonstrated that the construction of energy storage projects that can regulate the frequency of the grid in a timely fashion should be prioritised. The Minety project, which began at the end of 2019, considerably mitigates the problem and is designed for facilitating grid stability and maximising renewable energy utilisation.
Sungrow supplied both NCM and LFP battery energy storage system solutions featuring high integration, which minimise the footprint, slash the commissioning duration and significantly reduce the system cost by 5%. The solution well meets the latest UK frequency regulation requirement called dynamic containment - requesting the plant to respond to the power instruction of the grid within 1 second, making the project one of the rare 30% of the UK's storage plants equipped with this function.
"We are proud of being part of this landmark project, offering solutions with extreme efficiency and safety while in compliance with the stringent UK grid codes," said James Wu, Vice President of Sungrow, which shipped more than 800MWh of energy storage systems in 2020.
Battery storage capacity in the UK is likely to heavily increase as move towards operating a zero-carbon energy system. At the end of 2019 the GB battery storage capacity was 0.88GWh. National Grid forecasts it could be as high as 2.30GWh in 2025.
Global energy storage updates
TEVOCS has announced the launch of a powerful series of universal portable power stations that provide reliable power for off-grid situations, travel, home backup and more. With an impressive 2080WH capacity and 2000W output, the TEVOCS power station is billed as 'the ultimate power station for modern life' and is available here.
Enlight Renewable Energy has completed the acquisition of 90.1% of the holdings in Clēnera LLC, a leading and seasoned company in the field of initiation, development, construction and operation of solar energy and energy storage projects in the United States.
Last month Canadian Solar Inc. was awarded the first utility-scale battery storage project in Colombia of 45 MW/45 MWh. The project was awarded in the public tender launched by Colombia's Ministry of Energy and Mines, via its affiliate UPME, the Mining and Energy Planning Unit.