As the world grapples with the escalating impacts of climate change, our hopes rely on the innovation and implementation of technical solutions, particularly solar, as we scale toward annual deployments of 1 terawatt and beyond.
Reducing the cost of solar electricity will be the key to unlocking the next chapter of the energy transition: a green hydrogen economy, according to Jim Tyler, CEO of solar technology company Erthos.
pv magazine USA provides a roundup of five utility-scale solar updates from Massachusetts to South Dakota.
For every dollar invested in fossil fuels, 1.7 dollars are invested in clean technologies. Five years ago, it was a one-to-one ratio, said the International Energy Agency.
Global energy-related carbon dioxide emissions rose by 6% in 2021 mostly due to increased coal use, but renewable energy sources and nuclear power provided a higher share of global electricity generation than coal in 2021, according to IEA report.
Differing renewable energy projections from IEA, S&P Global Market Intelligence, and Rystad Energy range from down 50% to nearly doubling in a year.
The Paris-based body expects the world will have installed almost 160 GW of solar this year, a record number, but still not enough to keep the prospect of a net zero global economy by mid century in sight.
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