Global Scans · Energy Tech · Weekly Summary

• [New] In 2024, equipment deliveries and revenue recognition in Energy will be tilted towards the second half of the year, both in engine power plants and ES & O. Wartsila
• [New] One of the ways to improve energy efficiency is to tap the huge potential for efficiency gains in the building sector which is the largest single energy consumer in Europe, absorbing 40% of final energy. IEA
• [New] Sleepeezee, a UK bed manufacturer that built a reputation for its use of pocket spring interior mattresses, capitalised on the opportunities created when using finance to improve energy efficiency. Treasury Today
• [New] The newly released Lenovo Wanquan Heterogeneous Intelligent Computing Platform will provide arithmetic power through intelligent matching, improve efficiency based on core algorithms, and realize green arithmetic power through liquid-cooling technology innovation. Lenovo Inc.
• [New] To realize carbon neutrality before 2060, China will have to dramatically boost its energy utilization efficiency, diversify the use of energy sources, improve operation efficiency, and implement carbon capture and storage technologies. PubMed Central (PMC)
• [New] The integration of AI could transform energy grids into intelligent networks that optimize energy flow and distribution, drastically reducing waste and increasing the overall stability of energy systems worldwide. IPS Inter Press Service Business
• [New] Today's announcement will invest billions to ensure that affordable housing across the U.S. can access solar and increase energy efficiency and climate resilience. US EPA
• [New] The World Bank Group will work to connect 250 million people to electricity through distributed renewable energy systems or the distribution grid while the African Development Bank Group will support an additional 50 million people. World Bank
• [New] We still have to store energy, and we need to take note of the importance of energy storage, but just creating interconnectors across Europe will create a massive advantage. Romania Insider
• [New] Solar power is the fastest growing energy source in the U.S. and projected, along with battery storage, to make up 81% of generating capacity in 2024. The Colorado Sun
• [New] The rise in EV battery manufacturing, supported by key players like Ola, Reliance New Energy and ACC Energy Storage, alongside the Make in India initiative, will lower manufacturing costs and boost EV sales. counterpoint
• [New] Public procurement of new generation capacity: As it currently stands new public procurements are expected on 2.6 GW of solar PV, 3.2 GW of wind power and 3.7 GWh of battery energy storage systems by 2030. GreenCape
• [New] 35% of new jobs could be created through energy efficiency measures and another 25% in power systems, particularly in wind, solar and modernising and strengthening electricity grids. IEA
• [New] Statera Energy has secured planning consent from East Devon District Council for a 290 MW battery energy storage scheme of up to 6 hours duration connected directly to Exeter substation which could instantaneously power over 650,000 homes. Statera Energy
• [New] TfL is developing wider projects to improve energy efficiency and identify opportunities to generate renewable energy across its estate. Transport for London
• MENA has excellent potential for low-carbon energy through renewables (mostly solar), and through a geological and industrial endowment suited for carbon capture, storage and use (CCUS). SpringerLink
• Researchers and companies in Canada are using AI to create incredible new innovations and job opportunities across all facets of the Canadian economy, from drug discovery to energy efficiency to housing innovation. Prime Minister of Canada
• In 2010, California approved Assembly Bill 2514, requiring the California Public Utilities Commission to set and meet energy storage procurement targets for investor-owned utilities, totaling 1.33 GW of storage capacity completed by 2020 and implemented by 2024. Center for Sustainable Systems
• The storage units in both projects will help decouple electricity dispatch from production, thereby mitigating the intermittent nature of solar power and enhancing the stability of the Greek electricity grid. GreekReporter.com
• Countries bordering the North Sea region are working to develop a hub-and-spoke model of offshore wind energy distribution to improve efficiency and better account for variable wind volume, a collaborative process which could provide an important template for other areas around the world. Global Energy Monitor
• The ESS battery manufacturing facility, called LG Energy Solution Arizona ESS, will produce lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). Morningstar, Inc.
• Energy demand will continue to increase Even as the global economy becomes more energy efficient, population and economic growth will drive increasing global energy consumption through 2040 and beyond. Cohen & Steers

Last updated: 28 April 2024