The Covid-caused economic crunch has been difficult for both fossil resources and renewables. But there are¬†positive developments in battery storage and renewable electricity generation. We’ll discuss those trends on this week’s Energy Gang podcast.
First, we‚Äôll look at the record-breaking activity in battery storage.
A coal plant in North Dakota will be replaced in part with a one-acre battery array from Form Energy that uses a new technology capable of discharging for 150 hours ‚Äď that‚Äôs more than 30 times longer than lithium batteries.¬†
Hawaii‚Äôs electric utility just awarded contracts for 16 projects that add up to more than 3 gigawatt-hours of storage, in order to replace an oil-fired and a coal-fired power plant.¬†
And in California, Southern California Edison signed contracts for 770 megawatts of batteries, many paired with solar projects, to replace gas plants. That‚Äôs 200 megawatts more than the entire battery capacity installed in 2019.
Plus, in China, more hybrid wind/solar and battery plants are starting to emerge.¬†
This led Dan Finn-Foley, Wood Mackenzie‚Äôs head of energy storage, to declare: ‚ÄúThe utility energy storage market is blowing through milestones faster than we can report them.‚ÄĚ
Then, renewables are surging and coal is declining. A new IEA report says that renewable generation will increase in 2020,¬†pushing higher-cost fossil resources out of the market. “In all regions that implemented lockdown measures, the electricity supply underwent a notable shift towards low-carbon energy sources,” concludes the IEA report.
Finally: presumptive presidential nominee Joe Biden just unveiled a new climate task force. From the Sunrise Movement to a former EPA chief, we‚Äôll talk about who‚Äôs on it, and look at their roles. What will this task force accomplish in terms of agenda-setting and setting the political tone?
The Energy Gang is brought to you by Sungrow, the leading global supplier of inverter solutions for renewables. During these uncertain times, Sungrow is committed to protecting its employees and continuing to reliably serve its customers around the world. Sungrow has also leveraged its extensive network across the United States to distribute face masks to communities in need.