Energy market

Global Solar Energy Market (2021 to 2026) - by Product Type, Area, Technology, Application and Geography - ResearchAndMarkets.com

Tuesday, April 6, 2021 - 3:54pm

The global solar energy market is expected to grow at a compound annual growth rate of 5.12% over the forecast period to reach a market size of US$267.747 billion in 2026 from US$68.579 billion in 2019.

Key Points: 
  • The global solar energy market is expected to grow at a compound annual growth rate of 5.12% over the forecast period to reach a market size of US$267.747 billion in 2026 from US$68.579 billion in 2019.
  • The global solar energy market is growing at a significant rate in the recent years and have been expected to increase more in the upcoming years.
  • To support this, governments are also providing the rebate policies to further promote the renewable energy market.
  • People can have solar energy systems at their rooftops and though, the main concern for the general people to use the cost and the space of plantation of the solar energy.

Fujitsu, AutoGrid to Boost Renewable Energy Use in Japan Towards Realization of Decarbonized Society with Virtual Power Plant Solution

Tuesday, April 6, 2021 - 2:15am

Fujitsu will leverage the solution to maximize the use of distributed energy resources (2) in the domestic energy market and contribute to the expansion of renewable energy and the realization of a decarbonized society.

Key Points: 
  • Fujitsu will leverage the solution to maximize the use of distributed energy resources (2) in the domestic energy market and contribute to the expansion of renewable energy and the realization of a decarbonized society.
  • Based on the agreement, Fujitsu will begin selling the VPP solution AutoGrid FlexTM in the Japanese market as an AutoGrid partner.
  • AutoGrid FlexTM enables the optimization of energy operations and the control and management of distributed energy resources.
  • By providing this solution to energy providers and aggregators (3), Fujitsu will contribute to the realization of next-generation energy platform to maximize the use of renewable energy sources, such as solar power, and distributed energy resources, such as storage batteries.

Isotrol and Berkana Resources Corporation Partner to Accelerate Growth in the North American Renewable Energy Market

Tuesday, March 16, 2021 - 11:50pm

Isotrol, an international benchmark in engineering and control software solutions focused on improving the operational efficiency of Renewable Energy assets, and Berkana Resources, a leader in Operational Technology (OT) for the Energy market, have recently signed a partnership Agreement to address the rapidly expanding North American Renewable Energy market.

Key Points: 
  • Isotrol, an international benchmark in engineering and control software solutions focused on improving the operational efficiency of Renewable Energy assets, and Berkana Resources, a leader in Operational Technology (OT) for the Energy market, have recently signed a partnership Agreement to address the rapidly expanding North American Renewable Energy market.
  • View the full release here: https://www.businesswire.com/news/home/20210316006109/en/
    Isotrol has been present in the North American market for more than seven years and brings to this partnership its Renewable Energy knowledge, experience and technology including Bluence, Isotrol's comprehensive management platform for Renewable Energy.
  • For Isotrol this agreement enhances our strategic commitment to be consolidated in the North American market, declared the COO of Isotrol Manuel Losada.
  • Isotrol develops technology for the international energy market and specializes in optimizing the efficiency and profitability of renewable energy plants.

Wave Energy Market to Garner $141.1 Mn, Globally, by 2027 at 17.8% CAGR, Allied Market Research

Monday, February 8, 2021 - 1:30pm

Increase in demand for electricity from the coastal communities and easy and abundant availability of wave energy sources drive the growth of the global wave energy market.

Key Points: 
  • Increase in demand for electricity from the coastal communities and easy and abundant availability of wave energy sources drive the growth of the global wave energy market.
  • By technology, the oscillating body converters segment held the largest share in 2019, accounting for more than half of the global wave energy market.
  • In addition, rise in investment and government initiatives toward the development of ocean wave energy technology is anticipated to drive the wave energy market growth in this region.
  • On the other hand, the global wave energy market across North America is expected to register a CAGR of 17.6% from 2020 to 2027.

Wave Energy Market to Garner $141.1 Mn, Globally, by 2027 at 17.8% CAGR, Allied Market Research

Monday, February 8, 2021 - 1:30pm

Increase in demand for electricity from the coastal communities and easy and abundant availability of wave energy sources drive the growth of the global wave energy market.

Key Points: 
  • Increase in demand for electricity from the coastal communities and easy and abundant availability of wave energy sources drive the growth of the global wave energy market.
  • By technology, the oscillating body converters segment held the largest share in 2019, accounting for more than half of the global wave energy market.
  • In addition, rise in investment and government initiatives toward the development of ocean wave energy technology is anticipated to drive the wave energy market growth in this region.
  • On the other hand, the global wave energy market across North America is expected to register a CAGR of 17.6% from 2020 to 2027.

Vinson & Elkins Attracts Nationally Recognized Renewable Energy Team

Wednesday, February 3, 2021 - 1:34pm

NEW YORK and LOS ANGELES, Feb. 3, 2021 /PRNewswire/ --Vinson & Elkins announced today it has expanded its market leading Renewable and Sustainable Energy and Tax practices with the addition of a nationally recognized renewable energy finance team that includes partners Sean Moran, Mike Joyce, Lauren Collins and Aaron Prince, counsel Josh Heideman and Trevor Shelton, and a number of talented associates.

Key Points: 
  • NEW YORK and LOS ANGELES, Feb. 3, 2021 /PRNewswire/ --Vinson & Elkins announced today it has expanded its market leading Renewable and Sustainable Energy and Tax practices with the addition of a nationally recognized renewable energy finance team that includes partners Sean Moran, Mike Joyce, Lauren Collins and Aaron Prince, counsel Josh Heideman and Trevor Shelton, and a number of talented associates.
  • "Capital is being deployed into the renewable energy and adjacent markets at a record pace, and there are significant challenges and opportunities our clients face," said Kaam Sahely, head of V&E's Renewable and Sustainable Energy and Infrastructure practices.
  • "The addition of this team, with whom we have worked on multiple transactions, cements our position as a preeminent firm for sophisticated investors and participants in the renewable energy markets."
  • His clients include some of the largest investors in the renewable energy market, collectively investing billions of dollars in renewable energy generation.

S&P Global Market Intelligence Launches Renewable Energy Credit Pricing Forecasts

Monday, February 1, 2021 - 1:30pm

NEW YORK, Feb. 1, 2021 /PRNewswire/ --S&P Global Market Intelligence today introduces its Renewable Energy Credit (REC) Price Forecast dataset as part of its Power Forecast series.

Key Points: 
  • NEW YORK, Feb. 1, 2021 /PRNewswire/ --S&P Global Market Intelligence today introduces its Renewable Energy Credit (REC) Price Forecast dataset as part of its Power Forecast series.
  • S&P Global Market Intelligence's new REC price forecast will provide insight into new revenue streams for energy facilities that are looking to be compensated for the value of their renewable energy.
  • "As global energy markets continue to shift their reliance on fossil fuels to alternative sources, organizations may look to RECs to help comply with increasing green energy mandates," said Steve Piper, Research Director for Energy at S&P Global Market Intelligence.
  • This newly introduced S&P Global Market Intelligence forecast complements the Market Intelligence platform's current REC index prices providing information on unbundled RECs, and the current price of these instruments.

e-Zinc raises $2.3 million from BDC Capital to accelerate commercialization of its breakthrough energy storage technology

Monday, January 18, 2021 - 1:00pm

e-Zinc has developed a breakthrough technology for grid-scale energy storage that stores energy in physically-free zinc metal.

Key Points: 
  • e-Zinc has developed a breakthrough technology for grid-scale energy storage that stores energy in physically-free zinc metal.
  • This low-cost, flexible, and long-duration energy storage solution will enable the world's energy markets to be fully powered by renewable energy.
  • "BDC's investment and team will help accelerate the commercialization of our energy storage solution, allowing us to successfully deploy our company's first pilot projects."
  • "We are excited to support e-Zinc a winner of Breakthrough Energy Solutions Canada to commercialize its novel technology for cost-effective, long-duration energy storage and help decarbonize the world's energy markets" said Jrme Nycz, Executive Vice President, BDC Capital.

Timken Launches More Than $75 Million of Investments in Wind and Solar Energy Markets

Tuesday, December 8, 2020 - 12:00pm

"This has been a breakout year for us in renewable energy markets," said Richard G. Kyle, Timken president and chief executive officer.

Key Points: 
  • "This has been a breakout year for us in renewable energy markets," said Richard G. Kyle, Timken president and chief executive officer.
  • This latest round of investments represents our confidence in the future growth of our wind and solar business as the world continues to transition to renewable energy sources."
  • Timken will use the announced $75 million investment to:
    Expand its state-of-the-art and LEED-certified manufacturing facility in Xiangtan, China, where it makes engineered bearings for wind turbines.
  • "By continuing to invest and advance our technology, Timken will help the renewable energy industry improve efficiency, reduce cost and promote the growth of solar and wind energy sources."

United States Renewable Energy Market Report 2020: Growth, Trends, and Forecast to 2025 - ResearchAndMarkets.com

Tuesday, November 17, 2020 - 4:59pm

The "United States Renewable Energy Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United States Renewable Energy Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
  • The renewable energy market in the United States is expected to grow at a CAGR of more than 6% during the forecast period of 2020-2025.
  • The declining costs of renewable technologies are becoming competitive with fossil fuel sources, and additional subsidies on renewables are driving the renewable energy market further.
  • On the other hand, factors like a booming natural gas market that is competing with renewable energy and the limited energy supply from variable renewable energy sources are few restraining factors for the United States renewable energy market.