According to BP, in 2014, China accounted for 23% of global energy consumption. However, overdependence on coal and oil for power generation and volatile oil prices have led to serious energy insecurity in the country To combat this issue, the Chinese government has rolled out huge investments in the renewable sector. So far, $83 billion…
Technavio is set to publish a new report on the global advanced energy market, which takes an in-depth look at key application areas for advanced energy technologies globally. What is advanced energy? Advanced energy constitutes a board range of products, services, and technology that helps generate secure, reliable and clean power. Continuous innovation through R&D and…
In the wake of the massive energy crunch, sustainable energy processes like waste into energy (WtE) have gained a great deal of interest among policy makers, investors, and stakeholders in the global energy sector. Here are the top technologies being adopted to convert waste into alternative energy solutions. Read: The UNDP Wants to Improve Waste Management…
The global solar generator market is expected to reach $450 million by 2019, an increase of nearly $150 million from its 2014 value. Thanks to decreasing costs of solar generators, many industrialized nations are installing large amounts of solar power capacity into their grids to provide or enhance an alternative to conventional energy sources, while…
A PV inverter is a device that converts the DC current to AC current of the required frequency, which is then supplied to the electric grid. The device uses the maximum power point tracking (MPPT) technique to extract the max amount of power from an array of solar panels. PV inverters are the most essential part…
Sony commercially introduced the Lithium-ion (Li-ion) battery in 1991, revolutionizing the market by creating a reliable power source for consumer electronic devices. Nearly 25 years later, Li-ion batteries now represent a major portion of the consumer electronic market and are currently the fastest growing segment in the rechargeable battery market. This rapid growth can be…
Norway recently cemented its status as one of the most electric vehicle friendly countries, by announcing that its postal service delivery fleet is going green thanks to the addition of nearly 300 Kangoo Z.E. electric vans. This is just the latest development in a country that has seen wide acceptance of electric cars, with about 50,000…
A proton electrode membrane fuel cell (PEMFC) is a device that generates electricity by oxidizing electrolytes between two electrodes, an anode and a cathode. The global PEMFC market is expected to experience major growth from 2014-2019, with a projected CAGR of 26.67 percent. This growth can be chalked up to a few key shifts in technology,…
What is Thermal Energy Storage? Thermal energy storage accumulates energy through heating or cooling of a storage medium. The energy stored finds usage in various heating and cooling applications as well as in power generation. Thermal energy storage systems are small scale and are commonly used in buildings and industrial processes. Sensible, latent, and thermochemical…
S&C Electric Company, Schneider Electric and Oncor have recently taken major steps forward in microgrid development, with the unveiling of an advanced grid in Texas. In an article announcing the new grid, David Chiesa, director, microgrid business development for S&C is quoted saying, “improving power reliability and optimising generation assets requires disruptive technologies that allow…
