Despite last year’s surge of$1.8 trillion in clean energy investments worldwide, investment remains below what is needed to meet the COP28 target of tripling renewable capacity by 2030, according to the latest EY Renewable Energy Country Attractiveness Index (RECAI).
This edition of RECAI focuses on BESS. According to the report, the U.S., bolstered by a 30% IRA tax credit, takes the top spot in the ranking of the world’s most attractive markets for BESS investment. China with strong government support, subsidies and plans to reduce costs, is second. The U.K., with its sophisticated energy market design and new energy bill classifying BESS as a generation asset, rounds out the top three.
A fourfold increase in global BESS deployment is forecast from 2023 to 2030, reaching 572 GW.
“Scaling up battery energy storage systems can help solve multiple problems holding up clean energy progress, including stabilizing and strengthening network infrastructure and enabling more distributed energy resources to connect to the grid,” says EY’s Arnaud de Giovanni.
“Focusing on four factors can help investors navigate this complex, highly regionalized and fast-changing market. These include building a resilient investment case, taking steps to maintain technology competitiveness, establishing the optimal business model or financing structure and mitigating supply chain risks.”
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Energy Investments Failing to Keep World on Renewables Target, Says Report
Doroni Aerospace says:
intelligently navigates every trip as the H1-X reaches speeds up to 120 mph with a 100-mile range.I like this! Untrained pilots flying through the airspaces of the 40K+ airports on Earth! What could go wrong? Where do I sign up?
The point made here is hotly contested.
Fox News will tell you that college professors were indoctrinated into progressivism when they were in college, and they’re simply passing all this down the line. This is why, they’ll go on to explain, that college is an evil force in our society, as it cranks out liberals.
FWIW, I agree with the commenter at the bottom. One finds a few intelligent and well-educated people in the MAGA crowd, very few. And the most obvious reason for this is that bright people can see through the layers upon layers of lies and criminality that emanate from Trump every hour of the day.
Occam’s Razor explains this very nicely to me.
Two things:
1) As far as I’m aware, these “Solar Flowers” exist nowhere on Earth. They’re certainly not in Los Angeles.
2) Engineers (and anyone with IQ of a turnip) are not split as their value; they have none.
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