1.Swiss Power Emergency Organization: Power Situation Still Severe This Winter
On March 22 local time, Lucas Kung, the head of the Swiss Power Emergency Organization, stated that due to the energy crisis, the power situation in Switzerland remains severe and there may be a shortage of electricity this winter.
2.About 68% of Europe's Super Battery Factory Projects May Face Delay or Cancellation Risks
According to a recent study by the European Transport and Environment Federation (AISB), over two-thirds of lithium-ion battery production factories in Europe face risks of delays, reductions, or cancellations due to the adverse effects of the U.S. "Cutting Inflation Act" on the European market. The study found that about 68% of planned battery production factories in Europe face these risks. As companies investing and operating in the United States consider taking advantage of incentives provided by the "Cutting Inflation Act" which took effect on January 1st this year, a large part of the European market may be taken over by the United States.
3.The European Parliament: All New Buildings Must Use Solar Energy by 2028!
On Tuesday, March 21st, the European Parliament passed a draft measure to increase renovation rates, reduce energy consumption, and greenhouse gas emissions. The proposed revised Energy Performance of Buildings Directive (EPBDII) stipulates that all new buildings must use solar roof systems by 2028, and all renovated residential buildings must use solar roof systems by 2032.
4.The UK Will Face Increasingly Serious Power Supply Shortage Risks in the Next Decade
According to a study conducted by consulting firm Baringa, peak demand for electricity in the UK is expected to increase by 4 GW by 2027. Meanwhile, the study shows that the closure of coal-fired power plants, old gas-fired power plants, and nuclear power plants will lead to a loss of up to 6.3 GW of secure capacity for the UK power grid.
5.Germany's BMWK: Adding 11 GW of Ground and 11 GW of Rooftop PV Each Year!
In order to achieve its 2030 target, Germany needs to double its annual PV installation capacity in the coming years. This means installing 9 GW, 13 GW, and 18 GW respectively in 2023, 2024, and 2025. Starting from 2026, annual production growth must reach and stabilize at 22 GW. Germany needs to double its annual PV installation capacity, increasing it from 7 GW in 2022 to 22 GW in 2026.
6.The US is Expected to Deploy 75GW of Battery Energy Storage Systems from 2023 to 2027
The deployment of all segmented energy storage markets in the US is on the rise, from 3,575 MW/10,891 MWh in 2021 to 4,798 MW/12,181 MWh in 2022. Vanessa Witte, a senior analyst at Wood Mackenzie, said that the US is expected to deploy 75GW of battery energy storage systems from 2023 to 2027, with about 81% (60GW) being grid-scale battery energy storage systems.
7.Serbia: EBRD Provides €300 Million Loan for EPS Energy Reform
Serbia has received a €219 million loan from the World Bank for its green agenda and energy transition, with the bank partnering with AFD and KfW. Additionally, the European Bank for Reconstruction and Development (EBRD) has provided a €300 million loan for the country's power company, EPS, to carry out energy reform.
8.South Africa's Electricity Prices to Increase by 18.65% in the 2023/24 Fiscal Year
According to a report by South Africa's News24 website on March 17th, the country's National Energy Regulator (Nersa) has confirmed an increase of 18.65% in electricity prices for the 2023/24 fiscal year, which will take effect from April 1st and mainly target industrial and urban users. Additionally, Nersa stated that the price increase for Homelight 20 Amp customers will only be 10.00%, a category that often consists of poorer and low-consumption users in informal settlements. The price increase for municipal authorities will be 18.49%, taking effect from July 1st.
9.Latest Report: Global Water Crisis is Imminent
On the occasion of the UN 2023 World Water Conference, UNESCO and the UN Water Mechanism jointly released the latest edition of the United Nations World Water Development Report today, indicating that 2 to 3 billion people worldwide are facing water scarcity. Without strengthening international cooperation in this field, the water crisis will worsen in the coming decades, especially in urban areas.
10.Hydrogen Energy - Investors Await Hydrogen Energy Breakthrough
As the cleanest known energy source, hydrogen energy is a clean, low-carbon, high-calorie, diverse and flexible green energy source. It was once hailed as the ultimate energy source of the 21st century and will play a key role in achieving China's "dual carbon" targets. Data shows that the global hydrogen energy market is currently worth over $100 billion, with the total market expected to exceed $1 trillion by 2050. Investors are eagerly awaiting a breakthrough in hydrogen energy technology, which could transform the energy landscape and create significant investment opportunities.
Global Direct Investment in Hydrogen Energy Reaches $240 Billion, and the Market Investment Potential for Water Electrolysis Hydrogen Production Industry is High.
Currently, hydrogen energy accounts for only 0.1% of global energy, but according to predictions by major global energy research institutions, hydrogen energy could reach 12-22% by 2050, indicating significant potential for growth.
The holiday season has wrapped its arms around ONESTO, and we've embraced it with open arms. Our Christmas festivities this year were not just about celebrating; they were about bringing our teams closer and sharing the joy with our employees and clients.
From October 15th to 19th, our company is excited to announce its participation in the Autumn Canton Fair, where we will showcase our extensive range of electrical products. The Canton Fair is a prestigious event that attracts buyers and industry professionals from around the world. This year, we are enthusiastic about presenting our cutting-edge electrical solutions to a global audience.