News

DOE Commences a Program to Cut the Cost of Long-Duration Energy Storage by 90% in a Decade

published: 2021-09-22 9:30
The US Department of Energy (DOE) announced in July that it is commencing the “Long Duration Storage Shot” that will lower the cost of utility-scale, long-duration energy storage by 90% within 10 years. Long Duration Storage Shot is the second program established under the DOE’s wider strategy known as the “Energy Earthshots Initiative”. It will fund R&D efforts at national labs, set up demonstration energy storage projects, and support domestic manufacturing of energy storage systems. ...  more

Drought of the Century Reinitiates Energy Crisis in Brazil with 2/3 Power Supply Coming From Hydroelectricity

published: 2021-09-20 9:30
Here comes 2021, just when you thought that 2020 was bad enough already. This year saw droughts, wildfires, hurricanes, and flooding, whereas Brazil is also facing a “drought of the century”. The country relies on hydroelectricity for 2/3 of its power supply, though the severe drought is exacerbating the supply of power and the agricultural sector, and has pushed up the prices of electricity and produce. ...  more

US Aims to Achieve 40% Solar Power Supply by 2035 Through Preferential Tax Policy

published: 2021-09-20 9:30
According to a memorandum announced by the US Department of Energy last month, the approval of the preferential tax policy on renewable energy programs and module makers by the US Congress may amplify the intensity for the deployment of renewable energy, and the ratio of solar power generation is likely to rise from the existing 3% to 40% in 2035. ...  more