BloombergNEF (BNEF) has recognized Sungrow as the world's most bankable company in both the energy storage system and Power Conversion System (PCS) sectors, in its just-released Energy Storage System Cost Survey 2024.
The criteria for BloombergNEF's Tier 1 list, which is seen by the solar industry as a seal of assurance, has recently been adjusted. The number of the manufacturers on the top list has been halved, notes Gerard Scheper, CEO of European Solar. "As many as 26 have dropped out, which means that Tier 1 really serves as an elite list again, but the way this has been done is quite outrageous."
Global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion, according to BloombergNEF. But there is still a huge investment gap for net zero.
With more than 250,000 BYD Battery-Box systems delivered in 2022, the company was able to double the 2021 delivery numbers and expects to expand the production again in 2023.
Tion Renewables has acquired a first battery storage project in Bacup in the northwest of England. It consists of five battery containers with lithium-ion battery cells (8.0 MW/9.3 MWh) directly connected to the power grid.
BloombergNEF’s annual battery price survey finds that prices have increased by 7 per cent from 2021 to 2022. This has been the first price rise since the survey began 12 years ago.
BloombergNEF (BNEF) has published the results of its 2022 PV Module and Inverter Bankability Survey. Sungrow became the only inverter supplier ranked “100% bankable” this year and maintained its status as the most bankable inverter brand for four consecutive years.
As leaders gather in Egypt for the latest round of UN climate talks with the energy transition and economic development very much on the agenda, new research from BloombergNEF (BNEF) finds that renewable energy investment in Africa trails far behind the rest of the world.
Renewables made a record contribution to global grids in 2021, but coal-fired power and emissions jumped to new highs, according to BloombergNEF’s Power Transition Trends.
Energy storage installations are projected to reach a cumulative 411 GW (1,194 GWh) by the end of 2030, according to BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.
Japanese utilities are exploring retrofitting their existing coal power plants to enable co-firing of coal with ammonia to reduce carbon dioxide emissions. This is unlikely to become an economically viable path to reduce power sector emissions, a report of BloombergNEF (BNEF)states.
Supply-chain woes push up cost of new-build solar, battery storage and onshore wind, which rises between 4% and 14% from year ago according to BloombergNEF (BNEF).
BloombergNEF has just published its hydrogen market outlook for the first half of 2022. It shows strong growth to decarbonize the industry.
Global investment in the energy transition totaled $755 billion in 2021 – a new record - BloombergNEF (BNEF)reports.
Corporations purchased 31.1 gigawatts of clean power through long-term contracts (PPAs), largely driven by activity in the U.S. and from large technology companies in 2021, according to BloombergNEF.
Prices for carbon offsets could be as high as $120/ton or as low as $47/ton in 2050, according to research company BloombergNEF (BNEF).
BloombergNEF’s annual battery price survey finds prices fell 6% from 2020 to 2021, but rising commodity prices start to bite.
The U.S. and China will lead the global energy storage market, claiming over half of the global installations by the end of this decade, BloombergNEF says.
Longi ranked top out of 52 companies in the BloombergNEF (BNEF)2021 PV Module and Inverter Bankability Survey for the second consecutive year.
Hyperscale and colocation data centers can be an important source of flexibility in Europe’s power system, helping to integrate higher renewable energy penetrations.
New investment in renewable energy projects and companies totalled $174 billion in the first half of 2021, supported by record public market financing and record levels of venture capital and private equity commitments.
A new BloombergNEF and Bloomberg Philanthropies report reveals that G-20 member countries have given more than $3.3 trillion in subsidies for coal, oil, gas, and fossil-fuel power from 2015-2019.
Building and operating new utility-scale solar PV is cheaper than running existing coal and gas-fired plants in China, India and across most of Europe according to BloombergNEF.
According to BloombergNEF battery demand will grow strongly this decade: By 2030 annual demand for lithium-ion batteries will pass 2.7TWh per year. Total annual battery demand in 2030 is 35% higher than in last year’s outlook, largely due to higher demand from passenger electric vehicles.
BloombergNEF’s latest projection shows electric vehicles as $46 trillion market opportunity between now and 2050. But more policy action is needed to get on track for net zero emissions.
