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BlackRock Forecasts $4 Trillion Annually for Global Energy Transition

BlackRock Forecasts $4 Trillion Annually for Global Energy Transition

BlackRock estimates that the global energy transition will require $4 trillion annually by the mid-2030s, double the previous expectations. The investment will need to come from both public and private sectors, with Asia-Pacific being a key area for opportunities. Despite last year's record $1.8 trillion investment in

CATL Unveils Revolutionary EV Battery with 1,000 km Range

CATL Unveils Revolutionary EV Battery with 1,000 km Range

Contemporary Amperex Technology Co. (CATL) unveiled its latest lithium iron phosphate (LFP) battery at the Auto China 2024 trade fair in Beijing, boasting an impressive energy density of 205 Wh per kg, nearly 8% higher than current state-of-the-art LFP batteries. The Shenxing Plus LFP battery features innovative "granular gradation&

Major Solar Manufacturers Seek Tariffs on Asian Imports to Protect U.S. Industry

Major Solar Manufacturers Seek Tariffs on Asian Imports to Protect U.S. Industry

IEA Forecasts Sharp Drop in Battery Costs to Drive Renewable Energy Transition

IEA Forecasts Sharp Drop in Battery Costs to Drive Renewable Energy Transition

The International Energy Agency (IEA) predicts a significant drop in battery costs for energy storage, which will accelerate the global transition to renewable energy sources. While renewables are already cheaper than coal and gas, they can be intermittent, requiring energy storage for reliability. The IEA forecasts a 40% reduction in

Challenges and Progress in European Solar Market Highlighted at CISOLAR

Challenges and Progress in European Solar Market Highlighted at CISOLAR

During a speech at the CISOLAR & IBES conference, Andre Viaro, Global Head of Large-Scale Renewable Energy at Staubli Electrical Connectors, outlined critical challenges and advancements shaping the emerging European solar and energy storage markets. Viaro's speech emphasized the maturation of the industry, noting the shift towards more

Global Economy Bolstered by $320 Billion from Clean Energy Sector in 2023

Global Economy Bolstered by $320 Billion from Clean Energy Sector in 2023

New research from the International Energy Agency (IEA) reveals that clean energy initiatives boosted the global economy by approximately $320 billion in 2023, contributing to around 10% of global GDP growth. This significant increase, fueled by a 75% surge in clean energy technology manufacturing investment, underscores the sector's

Dutch Firm Advances Wave Energy Technology, Begins Sea Trials to Power Wadden Islands

Dutch Firm Advances Wave Energy Technology, Begins Sea Trials to Power Wadden Islands

Dutch Wave Power, a Netherlands-based innovator in renewable energy, has initiated the testing phase of its novel wave energy converter technology off the coast of Scheveningen. Founded in 2020 with a mission to combat global warming and slash CO2 emissions, the company has developed a unique system that generates electricity