Energy storage market ‘to double six times by 2030’

The global market for energy storage technologies will double six times between 2016 and 2030. That’s the prediction made in a new report from Bloomberg New Energy Finance (BNEF), which suggests the sector’s total capacity will rise to a total of 125 gigawatts or 305 gigawatt-hours. It likens the estimated trajectory with the boom witnessed […]

CBI calls for government to boost energy businesses

Business leaders need a stable, pro-enterprise environment to fuel investment, innovation and competition in the energy sector. The CBI says this will play an essential role in helping the UK grow out of austerity. The industry organisation suggests the government should step up support for low carbon investments by setting a clear and regular pipeline […]

Policy instability ‘slowing UK renewable growth’

Growth in the renewable energy sector is slowing down as a result of policy instability. That’s according to a new report from the Renewable Energy Association (REA), which suggests the industry’s turnover growth in 2016 was 3.5% lower than the previous year at £17.4 billion. This is down on the average figure of around 6% observed each year since 2012. […]

US backtrack on clean power laws ‘could cost $52bn’

The US could miss out on $52 billion (£40.8bn) and 560,000 new jobs by 2030 if it successfully backtracks on its Clean Power Plan (CPP). That’s according to a new report from business group Environmental Entrepreneurs (E2), which also shows incremental energy efficiency savings through the plan could reduce annual average household electricity bills by 7%. […]

Hungary’s energy efforts ‘strong but more competition needed’

The International Energy Agency (IEA) has praised Hungary’s efforts and highlighted the need for more competition in the sector. The country’s National Energy Strategy to 2030 aims to ensure a sustainable and secure energy sector while supporting the competitiveness of the economy. The IEA says it was successful in developing wholesale markets for gas and […]

EU’s emissions in 2015 rose after five years

The EU’s total greenhouse gas emissions increased in 2015 for the first time since 2010. According to new data published by the European Environment Agency (EEA), the 0.5% increase happened largely due to increasing demand for transport – better fuel efficiency in the sector was not enough to offset this. The report suggests a slightly […]

Global LNG trade hit record levels in 2016

Global liquefied natural gas (LNG) trade increased by 5% in 2016. That’s according to a new report from the International Gas Union (IGU), which shows industry growth has now hit record levels for the third year in a row. The 5% rise saw global trade hit 258 million tonnes. The rise is particularly noticeable when […]

Infrastructure in the Midlands and UK growth

ELN recently attended EY’s Building Future Britain Debate, which considered the infrastructure issues and opportunities currently faced by the UK, particularly in the Midlands. In a wide-ranging debate, a number of industry leaders explored how investing in roads, railways and other projects in the area around Birmingham could hold the key to boosting growth and rebalancing the UK economy. We spoke to the […]

Energy Minister: UK must do more on energy efficiency

UK Energy Minister Baroness Neville-Rolfe has emphasised the importance of continuing energy efficiency developments if the nation is to hit its climate change targets. Speaking to the International Energy Agency (IEA) on Friday, she said although the UK’s efforts are worth celebrating, more needs to be done. She added emissions in 2015 were 38% lower than […]

Global CHP plant growth set to heat up

The global market for combined heat and power (CHP) plants is forecast to be worth nearly $813 billion (£616.75bn) by 2024. The sector will see a growth of 4.38% between 2014 and 2024, according to a new report from Transparency Market Research (TMR). Rising energy prices, increasingly stringent carbon regulations, abundant natural gas in Europe […]