QUICK NEWS, January 21: 10 New Energy Events Coming In 2019 (Part 1); 10 New Energy Events Coming In 2019 (Part 2)

10 New Energy Events Coming In 2019 (Part 1) Transition in Energy, Transport – 10 Predictions for 2019

Angus McCrone, January 16, 2019 (Bloomberg New Energy Finance)

“…[The low-carbon transition is expected] to advance steadily this year, fueled by remorseless reductions in the costs of solar and wind electricity and of lithium-ion batteries – and also by a widening realization on the part of investors and corporations that there is this ‘sustainability thing’ and, for reasons of self-interest, they just need to do it…We should get more gigawatts of both wind and solar installed this year than last…[but total investment will likely be less because solar capital costs fell particularly sharply in 2018 – by some 12%...[and investment in offshore wind in] 2019 will fall modestly short…

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…[Solar installations in 2018 will end up at about 109GW…[and 2019] is likely to see growth to the 125GW to 141GW range…The wind market is set to see a leap in new capacity…from about 53.5GW in 2018 to more than 70GW in 2019…In offshore wind, 2019] will be the last year before Asia takes over as the leading [offshore wind] market…[by] installing 25% more capacity than Europe during the 2020s…Annual global energy storage deployments in 2019 will exceed 10GWh for the first time in the history of the market. This includes both utility-scale and behind-the-meter assets…Fierce competition and the recent easing of cobalt and lithium costs will push average prices below $150/kWh…There are now almost 5 million passenger electric vehicles on the road globally…[Another 2.6 million will] be sold in 2019…” click here for more

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10 New Energy Events Coming In 2019 (Part 2) Transition in Energy, Transport – 10 Predictions for 2019

Angus McCrone, January 16, 2019 (Bloomberg New Energy Finance)

“…[New Energy growth in 2019 is expected to remain] steady…[despite] slowing global GDP growth…Economic and political troubles during 2019 might influence the flow of investment in the ‘cleaner future’, but they will not halt it… In fact, more innovation than ever is likely on] how to balance a wind/solar-heavy electricity system, how to make zero-subsidy renewables investable, and how to decarbonize heat…[The U.S. natural gas Henry Hub price benchmark [is expected] to average between $2.50 and $3.50 per million British Thermal Units (MMBtu) in 2019…Global LNG demand leapt 10% in 2018 to reach 313 million metric tons per annum – despite higher LNG prices (averaged at $10/MMBtu) than 2017 (averaged at $7/MMBtu). In 2019, we expect the global LNG trade to expand by a further 8%...

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[O]il price volatility will continue into 2019, but [multiple global economic dynamics are like to allow] crude to end the year in positive territory…Industrial equipment manufacturers have recently spent billions of dollars on Internet of Things [IoT], artificial intelligence, asset automation, robotics and sensors…[But] companies like GE, Siemens, Hitachi, ABB and Schneider] do not often have the best or cheapest IoT software products, and buying software from equipment manufacturers is not an ideal fit for customers. In 2018, Schneider and GE both spun out their digital technology IP into separate companies…[I]n 2019 other large industrials [like Siemens, Toshiba, Hitachi, Honeywell and Rockwell Automation] will invest heavily in their digital platforms…[China will add 40GW of solar and 20GW of wind and] remain the world’s largest deployer of new renewable energy capacity…” click here for more

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