Global Scans · Energy Tech · Weekly Summary

• We assumed that the future electricity mix has a higher share of clean energy at 75% for India and that projected transmission and distribution losses will be gradually reduced to 10% by 2050 for India and 9% for Brazil. Transformative Urban Mobility Initiative
• JSW Neo Energy aims to achieve a 20 GW generation capacity and a 40 GWh energy storage capacity by 2030, progressing well towards its interim target of 10 GW by 2025, with a current capacity of 9.8 GW, including projects under construction. Renewable Energy and Environmental Sustainability in India
• The leaked copies of the European Commission plans, while mentioning a coal phase out, still foresee a role for fossil fuels as part of the energy transition, coupled with carbon capture and storage technology. Greenpeace European Unit
• The solarization of rooftops will give a massive boost to energy access and decentralised clean solar energy, while the viability gap funding for offshore wind will change the game for wind energy and help in utilising India's long coastline. Zee Business
• At COP 28, leaders of 123 nations, including Bangladesh, promised to double the global average annual rate of energy efficiency improvements from about 2% to over 4% by 2030 under the Global Renewables and Energy Efficiency Pledge. The Business Standard
• Widespread geothermal heat pump installations could save 24,500 miles of new grid transmission lines from needing to be built - the equivalent of crossing the United States eight times - because of a reduced need for generation capacity, storage, and transmission compared to other energy pathways. CleanTechnica
• Renewable energy: With the target of installing 140 GW of wind power by 2030, India could witness an annual demand of 16-31 kilotonnes for permanent magnets containing neodymium, dysprosium and praseodymium. Renewable Watch
• Japanese companies have agreed to develop a carbon capture and storage project with Malaysian energy firm Petronas which should start storing its first carbon dioxide (CO2) emissions from the end of 2028. Skrine - Advocates & Solicitors
• EVE Energy will supply Lithium Iron Phosphate battery cells for Wartsila's GridSolv Quantum energy storage system, a fully integrated modular and compact solution that supports the integration of storage into electricity grids and the increase of renewable energy. Wartsila.com
• Energy efficiency is the single largest measure to avoid energy demand in the Net Zero Emissions by 2050 (NZE) Scenario, along with the closely related measures of electrification, behavioural change, digitalization and material efficiency. IEA
• At the COP 28 conference held in Dubai in December, countries agreed to push towards tripling renewable energy capacity, doubling the rate of energy efficiency improvement by 2030, and tripling nuclear capacity by 2050. TrustNet
• Rising electricity demand complemented by sustained scaling up of renewable energy worldwide will boost investments in power transmission and distribution (T & D) infrastructure and grid assets, including transformers, switchgear, and cables. Research and Markets
• We expect revenues from the Energy Generation/Storage segment to be $1.6 billion, suggesting growth of 21.5% on a yearly basis. Yahoo Finance
• Beyond Lithium: While lithium-ion batteries reign supreme, new contenders like sodium-ion batteries showcased by Samsung and solid-state batteries from Hyundai offer hope for more sustainable, less reliance on rare earth minerals and using AI to optimize and extend energy storage solutions. Forbes
• Any power system that is highly dependent on intermittent renewable generation will require increased flexibility assets such as storage and demand response. MarketScreener
• There will be continued escalation in infrastructure for large-scale renewable generation, distribution and storage, and a contraction in traditional sources of power generation. Inside Construction
• Fourth Generation will become part of CES Global, a division of CES Power focused on delivering seamless mobile power generation, distribution, and temperature control solutions worldwide. Event Industry News
• Global demand for critical minerals for clean energy technologies will double by 2030, driven largely by EVs and battery storage, as well as clean electricity generation and transmission. Dentons
• India plans to install 450 GW of renewable energy by 2030, which would require about 300 GWh of battery storage capacity. Mint
• Connexus Energy's plan will add 100 megawatts of solar, 50 MW of nuclear energy through a power purchase agreement (PPA), and 30 MW of four-hour battery storage between now and 2033. Fresh Energy
• SVCE customers will see a blended average increase of 26% from generation, transmission, delivery, and fees on their 2024 energy bills. SVCE

Last updated: 11 February 2024