A survey of over 2,000 “senior business leaders” in G20 countries has found that electric vehicles and battery storage are the most popular assets to invest in among non-power generation technologies in the energy sector. Law firm Ashurst has produced a 40-page research report on the global energy market and how it is changing, finding
Funding boosts for carbon capture and storage (CCS), electric vehicles (EVs) and nuclear announced, as renewables are once again absent from the UK's Budget. Chancellor Rishi Sunak delivered the Budget today (11 March 2020), with pledges for the green economy almost a footnote in the Red Book. CCS is to receive an injection of
Apart from driving a clean transportation revolution over the next three decades, electric vehicles (EVs) could help the power grid’s storage needs as growing shares of renewable energy sources—predominantly solar and wind—are being incorporated into electricity grids. Batteries from EVs could have so much more potential energy storage by 2050 that electric cars could
Work Life While I learnt more about climate change and became more interested in electric vehicles and renewables I continued my existing full-time job working in the oil and gas industry. However I increasingly felt contradictions between my industry and what I was learning about carbon emissions and climate change. In 2010, as we
SSE Energy Services has become the latest supplier to launch an electric vehicle (EV) tariff, allowing drivers to charge for free. The ‘1 Year Fix and Drive’ tariff is, as the name suggests, a one-year fixed tariff that gives EV drivers up to 2,000 kWh of electricity for free per year, provided they charge their
The lithium ion battery market is experiencing growth on all sectors, including consumer and industrial applications, electric vehicles, and stationary energy storage systems (ESS). In fact, there are estimates that the market will double or even triple in size by 2030. This growth is coupled with declining prices, with prices having fallen as much as
A £55 million (US$67.8 million) fund has been earmarked for five projects in the UK looking at developing the next generation of battery storage technology. The government-led Faraday Institution has allocated the funding to five consortium-led projects with the aim of overcoming battery challenges, in particular by improving performance and cost characteristics. The projects will
Large-scale renewables are the most important factor in decarbonisation of the energy sector, according to a new UK Energy Research Centre (UKERC) report. However, rapid, unprecedented changes across the entire UK economy will be required to meet net zero. Disruptive change, defined by UKERC as a significant deviation from past trends in a short timeframe,
ScottishPower has revealed intentions to make Glasgow the UK’s first ‘net zero’ city, in collaboration with Glasgow City Council. And the utility is also preparing a battery storage rush in a bid to support its renewable energy ambitions. To achieve net zero emissions, the city will need to decarbonise heat and transport, as well as
With continued global growth of electric vehicles (EV), a new opportunity for the power sector is emerging: stationary storage powered by used EV batteries, which could exceed 200 gigawatt-hours by 2030. During the next few decades, the strong uptake of electric vehicles (EVs) will result in the availability of terawatt-hours of batteries that no longer