#solar market news

[witchyplantmc]

i tried something new

[harpuiaa]

i've been dead and gone bc of school and jobsearching and everything happening all at once but ive been playing the boktai series games lately and i'm enjoying it a lot. I just got past the third boss in boktai 2. I don't know why but i'm enthralled with these games, i highly recommend them

[machetelanding]

[trumpvance2024]

[youthchronical]

Solar stocks tumble overnight as Trump leads in election results

Copper Mountain Solar in El Dorado Valley, pictured on Thursday, Sept. 5, 2024, in Boulder City, Nevada. (Bizuayehu Tesfaye/Las Vegas Review-Journal/Tribune News Service via Getty Images) Bizuayehu Tesfaye | Tribune News Service | Getty Images Solar stocks sold off overnight as investors see Donald Trump leading in the U.S. presidential election. Solar stocks are falling on fears that a possible…

[marketsndata]

[rahulpande15]

Global Green Hydrogen Market: Growth Opportunities and Technological Barriers

According to a new report published by Allied Market Research, the green hydrogen market size was valued at $2.5 billion in 2022, and is estimated to reach $143.8 billion by 2032, growing at a CAGR of 50.3% from 2023 to 2032.

Green hydrogen, also known as renewable hydrogen, is a form of hydrogen produced using renewable energy sources, such as solar, wind, or geothermal power. Furthermore, the demand for proton exchange membrane electrolyzer is anticipated to witness growth during the forecast period, owing to economic growth in emerging markets continues to surge.

In 2023, Asia-Pacific accounts for the largest green hydrogen market share, followed by Europe and North America.

Major Companies

Green Hydrogen Systems, Air Liquide, Shell plc, Enapter S.r.l., Plug Power Inc., Ballard Power Systems, Linde plc, Reliance Industries, GAIL (India) Limited and Adani Green Energy Ltd.

The green hydrogen market is expected to be driven by factors such as the promising growth of the food and beverages, medical, chemical, and petrochemical industries.

Demand for power generation has escalated due to global population growth, coupled with urbanization and industrialization, leading to increase electricity consumption.

The food and beverage segment are projected to manifest a CAGR of 51.6% from 2023 to 2032, and has significant proportion in green hydrogen market size. Rise in the food and beverage industry significantly influences the green hydrogen market, primarily due to intensive energy demand of the industry.

Food and beverage production requires substantial energy for processing, packaging, refrigeration, and transportation. Green hydrogen presents a sustainable solution to meet these escalating energy demands, especially in processes were direct electrification not efficient.

Rise in living standards and technological advancements also contribute to higher energy needs, especially in emerging economies where electricity access has expanded rapidly.

Ongoing R&D efforts focus on enhancing electrolyzer efficiency, durability, and scaling up production, leading to cost reductions and improved performance. This trend aligns with ambitious governmental targets and corporate commitments aimed at fostering the green hydrogen industry, spurring innovation and market growth.

Increasingly stringent regulations and carbon pricing mechanisms incentivize to transition of industries into low-carbon alternatives, propelling its market penetration. These converging green hydrogen market trends collectively position green hydrogen as a pivotal player in the sustainable energy landscape, driving a fundamental shift toward cleaner, more resilient energy systems across the globe.

the electrification of transportation and heating sectors, driven by the push for cleaner energy sources, further amplifies the demand for power generation. This growth in demand provides a significant opportunity for the green hydrogen market. 

Green hydrogen emerges as a versatile solution as traditional energy sources struggle to meet these escalating demands while maintaining environmental sustainability.

This symbiotic relationship between the rise in demand for power generation and the need for clean energy solutions positions green hydrogen as a key player in meeting the escalating energy needs sustainably.

The push toward decarbonization and the reduction of greenhouse gas emissions in the transportation sector amplifies the appeal of green hydrogen market opportunities.

Carbon Solutions, a greenhouse gas reduction consultancy, in May 2023, stated that less than 1% of the 10 million metric tons of hydrogen produced in the U.S. at present counts as green hydrogen. Instead, 76% is derived from natural gas or coal, and 23% is a by-product of petroleum refining or other chemical processes.

Globally, the hydrogen market is about 96 million metric tons per year. The report from Carbon Solutions puts number of electrolyzers operating in the U.S. at just 42, with a combined hydrogen production capacity of about 3,000 tons per year.

The U.S. Department of Energy (DOE) aims to have 10 million tons of clean hydrogen flowing per year by 2030, 20 million tons by 2040, and 50 million tons by 2050. About half that production is expected to come from renewably powered electrolysis. The U.S. government is projected to invest $8 billion in several hydrogen hubs across the country by 2026 and produce about 250 times as much hydrogen per day.

Trending Reports in Energy and Power Industry:

Electrolyzer Market Trend Analysis Report, by Application, by Capacity, by Product : Global Opportunity Analysis and Industry Forecast, 2023-2032

Renewable Energy Market Trend Analysis Report, by Type, by End Use : Global Opportunity Analysis and Industry Forecast, 2024-2033

Clean Energy Infrastructure Market Size, Share, Competitive Landscape and Trend Analysis Report, by Infrastructure Type, by End-Use : Global Opportunity Analysis and Industry Forecast, 2024-2033

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

[head-post]

China considers exporting green technology to African leaders amid Western restrictions

This week, China will call for increased shipments of goods, such as electric vehicles (EVs) and solar panels, at a summit of 50 African countries in Beijing in exchange for promises of loans and investment.

However, Chinese leaders are likely to want to hear how China plans to keep an unfulfilled promise from a previous summit in 2021 to buy $300 billion worth of goods. They will also seek assurances of progress on unfinished Chinese-funded infrastructure projects, such as a railway to link the greater East African region. Eric Olander, co-founder of the China-Global South Project, stated:

The prize is going to go to those countries who have carefully studied the changes in China and align their proposals with China’s new slimmed-down priorities. That’s a big ask for a continent that generally has very poor China literacy.

Africa’s largest bilateral lender, investor, and trading partner is refusing to finance expensive projects, preferring instead to sell advanced and environmentally friendly technologies to the continent. Beijing’s top priority will be finding buyers for its EVs and solar panels, as well as establishing overseas manufacturing bases for emerging markets.

China has already begun adjusting the terms of its loans to Africa, allocating more money to solar farms, power plants, and 5G Wi-Fi facilities, while cutting back on bridges, ports, and railways.

Careful cooperation

When President Xi Jinping opens the ninth forum of the China-Africa Cooperation Summit on Thursday, he is expected to brief the leaders of The Gambia, Kenya, Nigeria, South Africa, and Zimbabwe on tapping into China’s growing green energy industry. The meeting will be attended by delegates from all African states except Eswatini, with which Beijing has no ties.

The UK, Italy, Russia, and South Korea also hosted African summits in recent years, recognising the potential of the region’s youth and its 54 seats at the UN. However, China’s huge role as a financial and trading partner makes its meetings much more important.

China is likely to want to talk about expanding trade and access to minerals, such as copper, cobalt, and lithium, in countries like Botswana, Namibia, and Zimbabwe. However, Beijing may be cautious about increasing funding commitments following debt restructuring proposals in countries including Chad, Ethiopia, Ghana, and Zambia after the 2021 summit.

China’s enthusiasm for lending, however, could be tempered by security concerns, such as the hostility between Niger and Benin that killed six Nigerian soldiers guarding a PetroChina-backed pipeline, or bloody protests in Kenya over tax hikes.

Read more HERE

[dajun961231-blog]

Battery manufacturer, factory

[familythings]

Tesla's Electric Car Dilemma: Navigating the Challenges of Surplus Inventory

With the ongoing environmental debates, the crucial decision of choosing between an electric car and a fossil fuel-based one weighs heavily on the minds of those purchasing a new vehicle. The mere thought of an electric car brings the iconic name of Tesla to mind. However, it is disheartening to hear about the challenges Tesla is currently facing with their unsold inventory of cars. Tesla, the…

[raja81bcs]

Sterling & Wilson Energy’s latest triumph in securing the $2.2 billion solar project in Nigeria stands as a testament to its growing influence in the renewable energy sector. With a surge in share prices and a promising financial outlook, the company is poised for a transformative journey. As the details of the formal agreement unfold, the industry eagerly awaits the commencement of this landmark project and the positive impact it promises for Sterling & Wilson Energy.

[futuretonext]

The Global EV Solar Charging Infrastructure Market is projected to grow at a CAGR of around 7.89% during the forecast period, i.e., 2023-30 owing to the increasing number of EVs worldwide. Governments of countries such as Brazil, Germany, India, etc. are making constant efforts toward augmenting the adoption of EVs to reduce their carbon footprint. They are also offering various rebates & incentives to encourage more & more individuals to adopt EVs. Australia, Canada, Germany, Israel, New Zealand, etc. have announced zero-emission vehicle (ZEV) program, as the automotive sector, one of the prominent contributors to GHG emissions, has become a major target for facilitating decarbonization.

[reasonsforhope]

Green energy is in its heyday. 

Renewable energy sources now account for 22% of the nation’s electricity, and solar has skyrocketed eight times over in the last decade. This spring in California, wind, water, and solar power energy sources exceeded expectations, accounting for an average of 61.5 percent of the state's electricity demand across 52 days. 

But green energy has a lithium problem. Lithium batteries control more than 90% of the global grid battery storage market. 

That’s not just cell phones, laptops, electric toothbrushes, and tools. Scooters, e-bikes, hybrids, and electric vehicles all rely on rechargeable lithium batteries to get going. 

Fortunately, this past week, Natron Energy launched its first-ever commercial-scale production of sodium-ion batteries in the U.S. 

“Sodium-ion batteries offer a unique alternative to lithium-ion, with higher power, faster recharge, longer lifecycle and a completely safe and stable chemistry,” said Colin Wessells — Natron Founder and Co-CEO — at the kick-off event in Michigan. 

The new sodium-ion batteries charge and discharge at rates 10 times faster than lithium-ion, with an estimated lifespan of 50,000 cycles.

Wessells said that using sodium as a primary mineral alternative eliminates industry-wide issues of worker negligence, geopolitical disruption, and the “questionable environmental impacts” inextricably linked to lithium mining. 

“The electrification of our economy is dependent on the development and production of new, innovative energy storage solutions,” Wessells said. 

Why are sodium batteries a better alternative to lithium?

The birth and death cycle of lithium is shadowed in environmental destruction. The process of extracting lithium pollutes the water, air, and soil, and when it’s eventually discarded, the flammable batteries are prone to bursting into flames and burning out in landfills. 

There’s also a human cost. Lithium-ion materials like cobalt and nickel are not only harder to source and procure, but their supply chains are also overwhelmingly attributed to hazardous working conditions and child labor law violations. 

Sodium, on the other hand, is estimated to be 1,000 times more abundant in the earth’s crust than lithium. 

“Unlike lithium, sodium can be produced from an abundant material: salt,” engineer Casey Crownhart wrote ​​in the MIT Technology Review. “Because the raw ingredients are cheap and widely available, there’s potential for sodium-ion batteries to be significantly less expensive than their lithium-ion counterparts if more companies start making more of them.”

What will these batteries be used for?

Right now, Natron has its focus set on AI models and data storage centers, which consume hefty amounts of energy. In 2023, the MIT Technology Review reported that one AI model can emit more than 626,00 pounds of carbon dioxide equivalent. 

“We expect our battery solutions will be used to power the explosive growth in data centers used for Artificial Intelligence,” said Wendell Brooks, co-CEO of Natron. 

“With the start of commercial-scale production here in Michigan, we are well-positioned to capitalize on the growing demand for efficient, safe, and reliable battery energy storage.”

The fast-charging energy alternative also has limitless potential on a consumer level, and Natron is eying telecommunications and EV fast-charging once it begins servicing AI data storage centers in June. 

On a larger scale, sodium-ion batteries could radically change the manufacturing and production sectors — from housing energy to lower electricity costs in warehouses, to charging backup stations and powering electric vehicles, trucks, forklifts, and so on. 

“I founded Natron because we saw climate change as the defining problem of our time,” Wessells said. “We believe batteries have a role to play.”

-via GoodGoodGood, May 3, 2024

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Note: I wanted to make sure this was legit (scientifically and in general), and I'm happy to report that it really is! x, x, x, x

[marketsndata]