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Profit Uncertainty Holding Back Europe’s BESS Growth: Rystad Report

A recent research report on battery storage energy systems (BESS) by Rystad Energy claimed that the profit uncertainties in Europe have held back the growth of BESS. According to the latest research, which analyzes day-ahead power prices in Europe for 2023, Bulgaria (BG), Italy (NORD) and Hungary (HU) offer the highest profit potential for BESS […]

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UAE’s Clean Energy Powerhouse Masdar Expands European Footprint With 1GW Portfolio

Masdar, the UAE’s clean energy powerhouse announced the acquisition of eight hybrid renewable energy projects, along with Taaleri Energia, a Finland-based renewable energy developer and fund manager, marking a significant expansion to both companies’ Polish renewable energy portfolios. The announcement was made on December 4, and follows a series of announcements by the government owned […]

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European New Trade Defense Measure To Impact Solar Jobs: Report

Solar Power Europe recently released a joint statement and warned that 433 European solar companies and associations may undertake trade measures. They add that, these measures could negatively affect solar jobs in EU, and cause detriment to EU’s green energy transition, which is currently at a critical moment in time. The report mentions that the […]

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Rise In Renewables In Europe Can Curb Up to 67% Emissions: Report

A recent event by Wood Mackenzie shared an analysis on the current growth in Europe’s flexible renewable energy. The report finds that, European power market will see its carbon intensity plummet. It accredits this rise with the change in ambitious climate-energy policies. Moreover, it finds that, flexibility to be key to enable this change, according to […]

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EU Action Plan Proposes 40% Investment In Electricity Grids Till 2030

The European Union (EU) Commission released an ‘Action Plan’ which supports the European Green Deal. The Commission’s proposed action plan aims at supporting the Europe’s electricity demand, which is expected to increase by 60% till 2030. The prosed system is expected to help deliver a digitalized, decentralized and flexible system. It claims to accommodate millions […]

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Polysilicon Industry Set to Push Out New Entrants In 2024, Predicts Bernreuter

Germany research firm Bernreuter Research predicts an imminent, and third shakeout in the global polysilicon industry in 2024. This would be caused by sustained, low polysilicon prices that will only go lower, before any sort of recovery post 2024. The trigger will be Chinese polysilicon market leader Tongwei that will usher in a phase of […]

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Chargeup’s Chief Digital Officer Satish Mittal Elevated to Co-Founder

Chargeup, a firm building a data and technology-driven, driver-centric platform to electrify last-mile mobility in the country, today announced the elevation of Satish Mittal to Co-founder. Satish, formerly the Chief Technology Officer at Vodafone and a senior leader at Meta, brings a wealth of experience to his new position after initially joining Chargeup as the […]

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EU’s Net Zero Industry Act Set To Boost Technology Production In Europe

The European Union, (EU) Parliament, recently adopted legislation to bolster Europe’s manufacturing output in technologies for decarbonisation. The announcement of the “Net-Zero industry act” has sets the target for Europe to produce 40% of its annual deployment needs through net-zero technologies by 2030. The new legislation of the EU is based on National Energy and […]

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