Kelvin Ross’ Post

Our Solar & #RenewableEnergy trends report reveals Italy’s solar and renewable energy preferences, including bifacial modules, string inverters, tracker structures, and AC BESSs. Learn all about this in today's blog post 👇!

A surge in solar power generation is causing a surprising effect in Germany - a drop in energy prices! This is a glimpse into the future of renewable energy, where abundant sunshine can power our lives and even impact market costs. #RenewableEnergy #SolarPower #Germany #EnergyMarket #Sustainability #GreenEnergyTransition #FutureofEnergy https://lnkd.in/g2mDHcvz

🔋 Negative Pricing in Electricity: A Turning Point for the Solar Industry and the Rise of Battery Storage 🌞 Here we come with the industry news shot of the week! As renewable energy grows globally, negative electricity pricing is reshaping energy management and underlining the importance of battery storage systems. 🔍 Recent Trends In H1 2023, negative electricity prices were seen across major European markets, driven by surplus solar and wind energy. For example, in April 2023, Spain and Portugal experienced negative prices due to record solar PV outputs and lower demand 💡 Implications for Solar Energy Negative pricing threatens the economic viability of solar projects by reducing revenue, potentially slowing new installations. This is concerning given countries like Germany's ambitious renewable energy targets, with 6.5 GW of solar capacity added in H1 2023 (PV Tech - 2023) - https://lnkd.in/eN3G3gaN 🔋 The Critical Role of Battery Storage Battery Energy Storage Systems (BESS) are key to mitigating negative pricing impacts. By storing excess energy during low or negative price periods and discharging it when prices recover, batteries stabilize the grid and support renewable energy projects. The West Gourdie BESS in the UK maximized revenues by leveraging negative pricing events in July 2023. Countries are integrating battery storage into energy strategies, with Spain aiming for 9 GW of battery capacity by 2030. 📢 Industry Insights This is what we have been hearing all around, starting from Intersolar 2024 to our conversations with customers and collaborators. The message is clear: the future of energy management relies heavily on battery storage to navigate the challenges posed by negative pricing. 🌍 A Call to Action To harness renewable energy benefits and manage negative pricing, a robust energy storage framework is crucial. This includes scaling up battery technologies, incentivizing investments, and designing supportive policies. At SmartHelio, we are committed to driving the energy transition by optimizing solar performance and advocating for innovative solutions. Let's work together for a resilient and sustainable energy future. #BatteryStorage #NegativePricing #Sustainability

Whilst this article is focused on curtailment or wasted energy form central solar and wind farms, it has missed the significant curtailment and wase of roof top solar power The DNSP reports to the AER outline the amount of curtailed energy by 2030 which is approximately 2.2TWh per annum, which is enough to power an additional 410,000 homes who are not able to install solar. We know how to get to 100% thermal capacity of renewables, whether it is via statcoms, batteries and flexible load strategies, and many of these can have no impact on the customer. But if we dont accelerate quickly we are going to waste a lot of clean local rooftop energy and central clean energy. So how can we accelerate? What do we stop doing, so we can focus on the new plan?

Renewable energy accounted for more than 30% of the world’s electricity for the first time last year following a rapid rise in wind and solar power, according to new figures. https://lnkd.in/ejuTCeRU #renewableenergy #environment #globalenergy

DNV expects these ‘temporary’ roadblocks for transmission grid growth to be tackled due to financial and technological incentives. In a report published this week, ‘Energy Transition Outlook Spain’, the consultancy wrote that if nothing is done to address these transmission grid issues, it will be unable to keep up the pace of renewable energy deployment. By 2030, DNV forecast installed solar PV capacity to reach 66GW, alongside 12GW of solar-plus-storage.

In a big win for renewable energy, nearly 60% of Germany's supplied electricity in Q1 2024 came from renewable sources, including wind and solar. Solar energy generation, in particular, grew by 21%. Today, about 6.6% of Germany's electricity comes from solar sources. #SolarEnergy #SunPower #RenewableEnergy #ClimateNeutrality

"Solar is the biggest driver of this surge, with solar PV expected to make up 80% of the new renewable capacity. This is thanks to the ongoing construction of large solar power plants and more rooftop solar being installed by homeowners and businesses. Wind is also set for a strong rebound, doubling its growth rate between now and 2030 compared to the previous seven years. Right now, wind and solar are already the cheapest ways to generate new electricity in almost every country." https://lnkd.in/dJ6xDs9p

☀️What is happening in Europe’s energy sector? So far, Europe seems to be on track! According to Euronews, SolarPower Europe's Mission Solar 2040 report emphasises the significance of flexibility and quick electrification in reaching the set decarbonisation goals — 750GW by 2030. But what comes after that? 💡The report delineates 3 scenarios for 2040, with the last scenario supporting solar energy, flexibility, and electrification as the ideal development. #solarpower #renewableenergy #energytransition #electrification #cleanenergy #EUclimateaction #greeneurope

Wood Mackenzie forecasts significant solar, wind, and energy storage growth, signaling a transformative shift in the energy landscape. This expansion underscores the increasing importance and potential of renewable energy sources in our future. As we advance towards a more sustainable world, these developments highlight the critical role of clean energy. Let's stay informed and engaged in these exciting changes. #RenewableEnergy #SolarPower #WindEnergy #Sustainability https://lnkd.in/g2vnUqkg