Renewable power shares are outperforming fossil fuels in the stock market, but obstacles are still standing in their way. A new report produced by Imperial College London and the International Energy Agency (IEA) found that renewables offered investors higher total returns than fossil fuels, and had a lower annualised volatility, making them lower risk
McDermott continues its dialogue with renewable industry leaders to provide the latest market updates on the disruption, challenges and opportunities COVID-19 presents to the industry. This week, we focused on the energy storage market and hosted Chris McKissack, CEO at GlidePath Power Solutions. Glidepath was an early mover in energy storage. GlidePath is now
Adding another Pylontech battery to a home battery system with a Victron inverter.
For the first time ever, more electricity came from renewables than fossil fuels throughout the whole of Q1 2020. During the first three months of the year, over 40% of Britain’s electricity came from renewable energy sources, with 30.6% coming from gas according to Drax’s newest Electric Insights Quarterly. This was bolstered by a
With the inclusion of battery energy storage into new building codes and safety standards, it’s obvious just how mainstream storage is today. Electrochemical batteries have been around for more than 100 years and solar photovoltaic (PV) panels have been in use for half a century. During the early days of solar, users deployed PV
While COVID-19 looks set to hurt renewable growth in the short term, it will not halt it according to a new report by the International Energy Agency (IEA). In the agency’s Renewable Market Update report, it shows that globally there will be 167GW of renewable power capacity added in 2020, a 13% drop from
Many people want to know how much free electricity and income their home roof could generate if fitted with solar panels – if that includes you, then you’ve come to the right place.
Double charging of battery storage is to end, as Ofgem approves changes to the Connection and Use of System Code (CUSC). The UK regulator announced last year it was consulting on the removal of Balancing Service Use of System (BSUoS) charges for energy taken from the grid by storage assets. BSUoS charges allow National
Charging an electric vehicle (EV) is much cheaper than filling a petrol car. For example, the cost of charging a Renault ZOE 52kWh is around £8 so if you get a range of 200 miles out of it then the cost per mile is about 4p. A Renault Clio, however, uses fuel at around
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