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Britain's power grid celebrates greenest day and month on record in 2022

Business Green

More than half of the UK's electricity came from zero carbon sources across five months last year, as Britain celebrated a flurry of fresh green grid records in 2022, according to National Grid ESO. Favourable conditions then saw that record once again broken by the year-end, with 20.918GW of wind power generated on 30 December.

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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

growth of 2022, attributing this to declines in advanced countries due to the lacklustre macroeconomic environment and high inflation. A more than doubling in investments is required to deliver the region’s energy development and climate targets. The update finds that world demand for electricity grew by 2.2% Have you read?

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IRENA: Renewables provided 80 per cent of new global power capacity in 2021

Business Green

It calculates that across all countries, renewable power grew by 9.1 per cent in 2021, bringing clean energy's share of global power capacity to 38 per cent. The figures come just weeks after IRENA warned that investment in renewables and clean energy technologies needed to hit $5.7tr a year to keep climate goals on track.

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Clean energy technology supply chains must get better, faster, cleaner, says report

Envirotec Magazine

Manufacturing of cathode/anode materials, high-power grid transformers, vessels for offshore wind installations and sub-sea cable laying are highly specialised and difficult to scale. to drive market certainty and investment decisions. Overall supply chain concentration in China (particularly solar PV and batteries).

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Can the US Catch Up in the Green Hydrogen Economy?

GreenTechMedia

needs a massive green hydrogen industry to decarbonize its electricity, transportation and industrial sectors, and major investments and policy changes today to enable it to grow to its full potential in the decades to come. lags behind China, Japan and the European Union in infrastructure and research investments to reach this potential.

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How electricity demand growth is now being outpaced by new renewables generation

Business Green

A new report from think tank Ember, published this morning, has revealed that solar, wind, and hydropower additions around the world between January and June outpaced demand growth across the electricity sector. But as we get through them, things are going to start moving extremely fast.".

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Rising battery storage costs: A long-term trend or short term blip?

Business Green

The price of battery energy storage systems rose for the first time since records began in 2022, as raw material and component costs soared, and developers and system integrators increased their margins in the face of challenging economic headwinds and soaring energy costs worldwide.