QUICK NEWS, Oct. 7: MONEY FLOWING BACK TO NEW ENERGY; THE ENORMOUS POTENTIAL OF U.S. OCEAN WIND; PROTOTYPE FLOW BATTERY FOR WIND
MONEY FLOWING BACK TO NEW ENERGY Global Clean Energy Investment Sustains Its Recovery; Figures for the third quarter show another year-on-year rise, with a solar boom in China the biggest single contributor
October 2, 2014 (Bloomberg New Energy Finance)
“World clean energy investment in the first three quarters of this year was 16% ahead of the same period of 2013, at $175.1bn…making it almost certain that 2014 will produce a bounce-back in dollars invested after two years of decline…[C]lean energy investment in the July-to-September quarter was $55bn, up 12% from the $48.9bn achieved in Q3 2013. The third quarter is generally weaker than the second quarter, as it was this year, with the Q3 total 16% down on a strong $65.2bn in Q2 2014…The highlight of the third quarter was a leap in Chinese solar investment to a new record of $12.2bn, up from $7.5bn in Q3 2013 and $8bn in Q2 2014. China is building a large number of utility-scale photovoltaic projects linked to its main transmission grid…[China solar installations are forecast to be] 13-14GW in 2014, nearly a third of the world total…[Japan invested] 8.6bn, up 17% from the same quarter in 2013, with solar again the dominant renewable energy source…The Q3 2014 figures showed global asset finance for clean energy projects such as wind farms, solar parks and geothermal plants reaching $33.3bn, up slightly from $32.8bn in the third quarter of last year…” click here for more
THE ENORMOUS POTENTIAL OF U.S. OCEAN WIND DOE: 54-GWs of Untapped Offshore Wind Power
Andrew Burger, October 6, 2014 (TriplePundit)
“At least 54-gigawatts (GW) of U.S. offshore wind energy generation capacity could be deployed by 2030…5 GW of offshore wind power could be online within a decade…[B]oth alternating current and direct current methods show promise in transporting offshore electricity to the land power grid…Deploying 54-GW of offshore wind generation capacity would cut annual national electricity production costs by some $7.68 billion – that’s about $41 per megawatt-hour of offshore wind energy added to the grid. The cost reductions help justify the high initial capital outlay required…Though the technological and engineering aspects of deploying offshore wind generation assets are well understood, significant challenges remain, [according to the National Offshore Wind Energy Grid Interconnection Study (NOWEGIS) from the Department of Energy]…Actually taking advantage of all that clean, renewable power potential depends on a host of political and economic factors, including [state policies, federal permitting processes, and advances in offshore wind energy technology]…” click here for more
PROTOTYPE FLOW BATTERY FOR WIND Areva plans flow battery wind energy storage; Areva has again teamed up with Schneider Electric to develop a new storage system to allow the greater integration of renewable energy onto the grid.
Patrick Smith, 3 October 2014 (Windpower Monthly)
“Areva will lead the project, manufacturing and installing the battery, with Schneider manufacturing and installing the power conversion system…based on an existing design by Israeli company EnStorage for a 50kW flow battery prototype. This will be optimised by Areva to create a 150kW demonstration system…Flow batteries use two liquid electrolytes rather than solid-state electrodes. The liquids are contained in separated tanks and flow through a cell stack, allowing the ions and electrons to move through a porous membrane in order to discharge and recharge the battery…” click here for more
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