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
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Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles
Allen covers the Trump administration’s bid to reopen Revolution Wind’s permit, a bipartisan Senate permitting deal, Nordex’s doubled third-quarter profit, and GE Vernova’s new wind chief.
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Have you ever wondered why every dictator in human history follows the exact same playbook? Check this outPlato nailed this 2400 years ago, and it’s been on “rinse/repeat” ever since.
On average, I meet perhaps 50 K-12 teachers each year, and I often ask them: What is the biggest challenge you face that impacts your ability to connect with and educate your students?
Here’s a rough tabulation:
Screen time, how it robs kids of their ability to pay attention, impedes social interaction, and makes parenting more difficult: 80%
Everything else combined: 20%
Maybe this is a cynical viewpoint, but it seems like that world of today revolves around the mega-corporations profiting by punishing their customers.
In this case, we have the tech giants ruining the lives of our children. Elsewhere, we have healthcare industry driving people into bankruptcy, Big Oil ruining our planet, the gun lobby murdering our kids, and, of course, an ultra-corrupt government looting our treasury to pay off billionaire donors.
Note that this wasn’t the case when we boomers were growing up 60 years ago. This is a distinctive shift from the 1960s when corporate America was focused on things like color TVs and the Ford Mustang.
Trump Targets Revolution Wind, Nordex Q3 EBITDA Doubles
Protecting nature is a public duty, not a Wall Street profit opportunity
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