In recent years, the world has taken major steps towards a lower-carbon energy system. However, we still have some way to go to meet internationally agreed emissions targets for combatting climate change. The good news is that, after years of impressive progress, offshore wind is now ready to become a major contributor to global energy production as well.Read more
The world is electrifying. The share of electricity in the total energy mix will more than double to 45% by 2050. Renewable energy, led by solar photovoltaic (PV), will supply that growth and replace much of today’s fossil-fuel generated electricity. The reason? Cost.
Variable renewable energy sources like wind and solar need energy storage to help balance production and demand. Battery-based systems are fast emerging as an ideal solution, but with big differences between batteries; how can manufacturers provide performance assurance and how do project developers choose the right storage solution?
Benchmarking report finds that despite general trend of improved performance, a significant number of PV products still experience failures. Download our report.
Why should investors be interested in the energy industry? Carlos Albero, Global Finance Segment Leader for DNV GL’s energy business, looks at new markets created by the energy transition.
Xiaodong Wang, Senior Energy Specialist at World Bank, talks to us about the important role of banks in enabling the energy transition.