How Close Are We To The Perfect Battery?
The Interchange
by Wood Mackenzie
3d ago
When can we expect to see a lithium-ion battery that costs half as much as today, charges an EV in minutes and is made from recyclable materials?   Accelerating the energy transition requires more and more electrification every year. Powering our micro grids, electric vehicles and devices with the most efficient batteries possible is crucial. One of the main issues with batteries today is they emit a lot of heat; energy is wasted as its expelled, leading to inefficiencies, not to mention safety concerns. KULR, a maker of energy management platforms and batteries, think they have a solutio ..read more
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The Four Horsemen of the Energy Transition: Where’s The Money Going?
The Interchange
by Wood Mackenzie
2w ago
Solar, wind, hydrogen and nuclear – we need more investment in these renewables, but where can the money come from?  In 2022, worldwide investment in renewables hit almost half a trillion dollars. Investment in solar – the largest sector - jumped 36% to 308 billion. Investment in wind – the second largest – remained stable at 175 billion. Overall investment in the energy transition topped 1.1 trillion dollars. The amount invested in new renewable projects is at the highest level in history – but it’s still not enough. For us to achieve net zero by 2050, it’s estimated we need between 3-5 ..read more
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The Great Digitization Of The Power Sector Is Underway
The Interchange
by Wood Mackenzie
1M ago
How do we manage the explosion of data across the grid? Digitization is transforming the way energy is produced, directed and spent. Power plants are using real-time data to drive efficiency, smart grids are directing energy where needed and data models are now essential to help us make sense of the market. Across devices and sensors, we’re seeing an explosion of data which needs to be analysed to drive efficiencies. Machine learning and digital twins are tools which can be used for modelling, which in turn helps us make better decisions around where and how we direct energy. Optimizing the g ..read more
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Can SMRs Scale Fast Enough To Reach Climate Goals?
The Interchange
by Wood Mackenzie
1M ago
The nuclear renaissance is underway, but can technology deliver the efficiencies needed?  Nuclear power is back in the spotlight. Energy security concerns coupled with economic uncertainty have influenced a shift in global attitudes to the energy source. Policy and investment in nuclear are accelerating as the existing fleet of reactors ages. By 2050, at least 10% of the current nuclear fleet will retire, prompting the need to look to new and innovative technologies to replace them.     As ever, cost-efficiencies will drive adoption. The levelized cost of electricity for c ..read more
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The Tide is Turning on Marine Power Investment
The Interchange
by Wood Mackenzie
2M ago
When we think of renewables, we think of wind and solar. Investment in these established, scaled technologies dominates the global renewable market; almost half of new investment in renewables is solar. Onshore wind investment in 2020 topped $40 billion, a record year. The downside of wind and solar however, is that it’s sporadic. We can’t predict how much wind or sun we’ll get, and so backup power generation is needed. One thing we can predict is the tides.  Wave power has grown steadily with record investment from the US Department of Energy in 2022 funding new projects, but power gener ..read more
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Spark of inspiration: the huge opportunity to power the EV market
The Interchange
by Wood Mackenzie
2M ago
Electric vehicles find themselves on a rocky road. Following years of growth and advancements in battery technology, supply chain bottlenecks have created uncertainty in the market. President Biden’s Inflation Reduction Act was stacked with tax incentives intended to drive EV adoption, but it was vague on battery requirements. The focus on growing the mineral and battery component industries in the US has prompted fresh scrutiny on China’s dominance of production as exports of Chinese-made EVs rose to almost a million in 2022.    Currently Indonesia and Thailand are planning similar ..read more
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Can Energy Vault’s System Solve Our Storage Problems?
The Interchange
by Wood Mackenzie
3M ago
We’ve got billions in the pot for renewables. The technology is there for wind, solar, hydrogen and nuclear, but there’s still a significant hurdle to overcome: the issue of storage.    Energy Vault is a company exploring innovative solutions to this problem. Using the science behind pumped hydro as inspiration, they created a gravity and kinetic-energy based system around massive composite blocks. Excess renewable energy lifts the blocks, then when the energy is needed again, it drops them and converts the kinetic energy into electricity.    The main problem with the grid ..read more
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All the Best and Unheard Interviews From the Grid Edge Innovation Summit: Addressing Key Issues Affecting the Sector
The Interchange
by Wood Mackenzie
4M ago
Back at the start of December, leading industry experts and energy figures converged in Phoenix, Arizona, for the annual Grid Edge Innovation Summit. As we look ahead to this year’s Solar and Energy Storage event on 21-22 June in San Francisco, we thought we'd dip into the archives and release some of the best interviews and unheard content from last year's summit. Hear from Wood Mackenzie’s experts and representatives from the leading distribution utilities, software technology developers, public utility commissions (PUCs), and distributed generation players in North America addressing key is ..read more
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Hydrogen Powering Our Future: Would You Bet On It?
The Interchange
by Wood Mackenzie
4M ago
The Interchange is back! As we near the end of January, the focus in the energy world is on viable alternatives to fossil fuels. Hydrogen has dominated the conversation in recent months, touted as the ‘silver bullet’ for tackling the climate crisis. But is that the case, or is it just hype?    In 2021, hydrogen production that was ‘green’ (produced from renewables) was at 1%. In 2022, that number has barely increased. Most of our current hydrogen production is from fossil fuels and used to produce other chemicals such as ammonia. All the focus in the industry, and the media, is on th ..read more
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The Interchange: Recharged – 2022 In Review
The Interchange
by Wood Mackenzie
5M ago
On this special episode of The Interchange: Recharged, host David Banmiller highlights some of his favorite and most memorable moments on the podcast this year.  It was a very eventful year in the world of energy, and David has been lucky enough to sit down with some of the CEOs and sustainability experts around the world who are finding innovative ways to help us reach our net-zero goals. We discussed policies and early-stage investments helping to support the energy transition. We took this podcast on the road and brought you live recaps throughout several days at the Wood Mackenzie’s S ..read more
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