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Electricity Market

Electric Vehicles Market Share to Exceed 50% From 2033: Rystad

The share of electric vehicles in global passenger car sales is set to quadruple in 2026 from 4.6% last year and exceed 50% from 2033 onwards. The market penetration of electric vehicles (EVs) is increasing rapidly as a result of the accelerating energy transition, and demand for batteries is expected to skyrocket going forward for […]

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PXIL Launches Green Term Ahead Market (GTAM)

Power exchange India Limited (PXIL), the energy trading market  promoted by NSE & NCDEX has launched the Green-Term Ahead Market (GTAM) on its transaction platform on 24th March 2021. The development took place after receiving approval from the Central Electricity Regulatory Commission (CERC) on March 19, 2021. To familiarize the market participants about the product and […]

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Blockchain Powered LO3 Energy Gets $11 Million For Distributed Energy Marketplace

Portland, US based LO3 Energy has announced the first close of its $11 million Series B led by existing investor Shell Ventures. The money will go towards further development of Pando, LO3 Energys blockchain based solution that creates a marketplace for renewable energy at a community level. The latest infusion sees LO3’s total fund raising […]

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WoodMac On The Commercial Charging Market For Heavy Vehicles To 2050

WoodMac says that commercial electric vehicle charging equipment market worth over $870 billion by 2050 Global research agency Wood Mackenzie believes commercial vehicle electrification is on the cusp of exponential growth, largely driven by climate policy and decarbonisation goals. The agency says that government funding and zero-emission vehicle regulations are strong drivers for commercial electric […]

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Sungrow Launches the Latest 75 kW String Inverter for Brazilian DG Market

Sungrow, the global leading inverter solution supplier for renewables, rolled out the Company’s latest commercial string inverter SG75CX for Brazilian micro-generation power plants, showcasing the Company’s continued commitment to comply with the regional power demand and decarbonize the local economy. The Brazilian solar market has not been significantly impacted due to the COVID-19 crisis as […]

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Solar now the Cheapest Source of new Power in Many Markets: WoodMac

A new report finds that by 2030, solar will become the cheapest source of new power in every US state, plus Canada, China & 14 other nations The cost of solar power has dropped 90 percent over the last two decades, and will likely fall another 15 percent to 25 percent in the decade to […]

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Urgency of Meeting Electricity Demand in China From Zero-Carbon Sources: Report

A new report has highlighted both the opportunity and urgency of meeting electricity demand growth in China from zero-carbon sources. On September 22, 2020, President Xi Jinping announced that China will strive to peak emissions before 2030 and achieve carbon neutrality before 2060. This new climate pledge is a critical step forward in the global […]

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Electricity Generation From Renewables Increased 6.9 percent in Nov’20: Ind-Ra

India Ratings has detailed that the electricity generation from renewables in November 2020 increased by 6.9 percent yoy to 9.2 BU. In its latest power sector report, India Ratings (Ind-Ra) has detailed that the electricity generation from renewables sources in November 2020 increased by 6.9 percent yoy to 9.2 billion units. The report also highlighted […]

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