Electrification of Transportation and Buildings to Drive $13.3 Trillion in New Investment: BNEF

electrification

Demand for electricity will increase 62% though 2050, driving $13.3 trillion in new investment, as the world increasingly pursues electrification of buildings and transportation, according to a new report by BloombergNEF. "The New Energy Outlook 2019" (NEO 2019) forecasts a 12 TW expansion of generating capacity, of which renewables make up … [Read more...]

How Batteries are Challenging Coal and Gas on Cost: BNEF

BESS

The refrain that lithium-ion batteries are a good idea, but just too expensive, is beginning to ring hollow in some markets, according to new data from BloombergNEF (BNEF). In fact, batteries are experiencing what BNEF describes as a “spectacular” drop in per megawatt-hour costs — 76 percent since 2012. The research company this week … [Read more...]

India’s Universal Energy Access Drive Opens Up 30-GW Market Opportunity

Distributed renewables, energy storage and microgrid controllers are set to play a bigger role as India looks to improve power generation, extend universal energy access, and achieve climate targets, according to Bloomberg New Energy Finance (BNEF). Off-grid and grid-connected, distributed solar currently makes up just a small percentage of … [Read more...]