Businesses ‘waste billions’ stockpiling rubbish
Homes and businesses across the UK are storing rubbish and old junk that is wasting space, energy, rent and rates. That’s according to research by Censuswide for Skoup, a ‘pay-as-you-throw’ service for surplus clutter and waste. The research indicates that homes and business are wasting space and money on storage for bulky items that they’ll never […]
Renewables to represent 30% of US total installed capacity by 2030
The contribution of renewable power to total installed capacity in the US is expected to double from 15% in 2018 to 30% by 2030, reaching a total of 442.8 gigawatt (GW). According to the latest numbers from GlobalData, that’s equivalent to a compound annual growth rate (CAGR) of 7.3%, attributed to more states adopting and updating […]
CENTRICA REPORT: Why sustainability is good for business
Sustainable businesses see energy as an opportunity, not a financial burden. They’re exploiting distributed energy technologies, such as onsite generation and storage, to cut costs and carbon emissions. This also increases operational resilience and enhances reputation. Download Centrica’s research report to see the 4 steps you can take to accelerate your energy sustainability and improve […]
Energy M&A activity hit $158bn in 2018
Transaction volumes within the global power mergers and acquisitions (M&A) market remained strong through 2018, reaching US$158bn, the second highest in the last five years. Deals registered in 2018 decreased slightly, from 651 to 622 in 2018. The statistics, researched by leading data and analytics company GlobalData, found that out of the 622 transactions reported […]
Renewable energy now employs 11m people globally
Eleven million people were employed in renewable energy in 2018, compared with 10.3 million in 2017, according the International Renewable Energy Agency (IRENA). The organisation says that until now, renewable energy industries have remained relatively concentrated in a handful of major markets, such as China, the United States and the European Union. However, East and […]
The energy storage market ‘paving the way for next energy revolution’
The energy storage market has caught the eye of a number of stakeholders involved in the power industry, leading to its considerable growth and opening the way for the next energy revolution. So says GlobalData’s latest thematic report, Thematic Research: Energy Storage, which highlights the present scenario and emerging market trends across electrochemical, mechanical and […]
Data casts doubt on EU Emissions Trading System
The price of EUAs, the tradeable unit under the EU Emissions Trading Scheme (ETS), jumped from €7.00/tCO2e in 2018 to an 11-year high of €27.46/tCO2e at the beginning of April this year. During the last year, emissions under the carbon trading scheme in Europe fell by 3.5%. A new report, the ICIS Market Insight: The Impact of Higher Carbon […]
APAC shifting towards renewable energy auctions
Asia Pacific (APAC) countries are adopting several strategies and roadmaps to achieve the renewable energy targets designated by their governments. Countries such as India, Kazakhstan, Indonesia, Pakistan and Taiwan have implemented auctions to drive their renewable energy market, according to GlobalData. The company’s latest report ‘Asia Pacific Renewable Energy Policy Handbook 2019’ reveals that regulatory […]
Global battery energy storage market to grow to $13.13bn
The global battery energy storage market will grow to $13.13bn by 2023, with Asia-Pacific (APAC) and EMEA the dominant markets. The report from GlobalData reveals that a fall in technology prices and increasing pace of development in the power market are the primary driving factors for the growth. APAC will continue to be the largest […]
Building Energy Management Systems (BEMS) market to hit $8.7bn
The global BEMS market will reach $8,713.4 million by 2025, growing at a 12% CAGR, according to new research. Data from ResearchandMarkets asserts that BEMS is a globally evolving market that is poised for double-digit growth for the next 7 years, primarily driven by the trend of high peak demand charges, customers’ commitment towards sustainability, […]