Samsung SDI and LG Chem, Korea's top two rechargeable battery makers, are eyeing the market for large-scale energy storage systems as a source of new revenues. Large-scale energy storage is the holy grail of solar, wind and other types of renewable energy. It will supply 1GWh worth of energy-storage batteries to AES Energy of the U.S. Last August, LG Chem signed a deal with furniture giant IKEA to supply energy storage. Samsung SDI and LG Chem hope that energy storage will drive earnings growth. LG Chem also estimates its operating profit in the second quarter of this year grew significantly compared to a year ago.
Co-Ops Add Competition To Solar Energy Market
Co-Ops Add Competition To Solar Energy MarketMINNEAPOLIS (WCCO) — Solar energy is getting more popular in Minnesota, and so are the ways consumers pay for it. Solar panel installation usually costs around $15,000 up front, but the state's co-ops aim to save consumers 10 to 30 percent of that. People join one of Minnesota's six solar co-ops for free in six different communities, including Minneapolis and Bemidji. Each group within the co-op needs to get to 30 households, and once it does, the group sends a request out to nearby companies. The 30+ homeowners will then pick their favorite bidder and installation will happen from there.
ACCC Says Energy Market Is Broken, Customers to 'Save Hundreds' From Reset
as declared in ACCC Says Energy Market Is Broken, Customers to 'Save Hundreds' From ResetA report released by consumer watchdog the Australian Competition and Consumer Commission sent shockwaves through the nation's energy sector on July 11. "The National Electricity Market is largely broken and needs to be reset," ACCC Chair Rod Sims said in a press release. The second most costly factor was an increase in wholesale electricity generation costs, which added another 27 percent. RecommendationsTo address high electricity prices, the report has laid out 56 recommendations for federal and state governments to implement. It requires retailers to purchase a minimum level of electricity generation that can be sent out continually or on demand.
Global Renewable Energy Market Analysis By Technological Advancement, Regional Outlook And Forecast to 2026
The Renewable Energy analysis is backed by intensive and detailed secondary research that involves respect to numerous applied Renewable Energy static databases, national government documentation, pertinent patent and Renewable Energy administrative databases, latest news articles, Renewable Energy press releases, company yearly reports, financial reports, and range of internal and external Renewable Energy proprietary databases. When the complete authentication method is done, the Renewable Energy reports are shared with Renewable Energy industry professionals for adding additional data and values and to earn their perceptive opinion on the Renewable Energy analysis. Global renewable energy market segmentation, by source type:Wind powerHydropowerSolar energyGeothermal energyBio-fuelsGlobal renewable energy market segmentation, by application:Electricity generationHeatingTransportationFor each and every region, Renewable Energy market size and end users are studied and also various market segments like types, applications, and companies. The Renewable Energy analysis offers information on market latest trends and improvement, growth drivers, Renewable Energy technologies, and on the evolving price structure of the Global Renewable Energy Market. The Renewable Energy report analyses the worldwide Renewable Energy market size, industry scope and forecast, competitive landscape and Renewable Energy growth opportunity.
Energy Market Operator warns coal must remain part of the mix for next 20 years
Energy Market Operator warns coal must remain part of the mix for next 20 yearsPostedThe nation's energy operator has warned that coal must be part of Australia's energy mix for the next two decades, to ensure people's power bills do not skyrocket further. It comes as Nationals MPs agitate for new coal-fired power stations and press the Prime Minister to invest in baseload power. "By removing [coal-fired power stations] prematurely, [it will] send people's power bills up and stability of the grid down," he told the ABC. "That's not a good outcome for consumers and therefore it's important we listen to the energy market operator." Topics: government-and-politics, alternative-energy, electricity-energy-and-utilities, energy, coal, australia
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