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RENEWABLES TO REPRESENT 30 PER CENT OF US CAPACITY BY 2030


The contribution of renewable power to total installed capacity in the US is expected to double from 15 per cent in 2018 to 30 per cent by 2030, reaching a total of 442.8 gigawatts (GW). Representing a compound


The contribution of renewable power to total installed capacity in the US is expected to double from 15 per cent in 2018 to 30 per cent by 2030, reaching a total of 442.8 gigawatts (GW). Representing a compound


annual growth rate (CAGR) of 7.3 per cent, this projection can be


RENEWABLES TO REPRESENT 30 PER CENT OF US CAPACITY BY 2030


GlobalData's latest report, US


annual growth rate (CAGR) of 7.3 per cent, this projection can be attributed to more states adopting and updating renewable energy policies, as well as imposed emission taxes increasing the cost of fossil fuel power generation, according to GlobalData. Energy utilities in the US are also


in favour of switching to renewable power as they must comply with the state renewable energy targets.


Power Market Outlook to 2030, Update 2019 - Market Trends, Regulations and Competitive Landscape, reveals that the share of coal-based capacity will decline from 27.2 per cent in 2018 to 13.5 per cent in 2030, as it is replaced by renewable energy, storage projects and stable gas-


“During 2019-2030, offshore wind capacity is set to see the largest growth rate among renewables, reaching 11.7GW from 30MW at 72 per cent CAGR, while solar photovoltaic capacity is expected to reach 220GW from 75.3GW, growing at ten per cent CAGR.”


Power Market Outlook to 2030, Update 2019 - Market Trends, Regulations and Competitive Landscape, reveals that the share of coal-based capacity will decline from 27.2 per cent in 2018 to 13.5 per cent in 2030, as it is replaced by renewable energy, storage projects and stable gas- based generation in the near future. Arkapal Sil from GlobalData, said:


GlobalData's latest report, US


NEW SMART CHARGING APP


Electric Vehicle (EV) drivers can now save money on electricity and use greener energy thanks to the launch of the new Crowd Charge smart charging app. Crowd Charge will charge a


The onshore wind segment, which


registered a growth of 22 per cent CAGR during 2000-2018 (reaching 96.3GW), will witness a steady growth of five per cent CAGR over the forecast period to reach 185.5GW in 2030 and account for 12 per cent of overall generation mix compared to eight per cent in 2018.


customer’s vehicle at the cheapest and greenest time depending on their current tariff. The app works


potential savings of 30 per cent on an EV owner’s electricity bill – on average this can translate to £20-£30 per month, or £240-£360 per year. The Crowd Charge platform,


BRISTOL TO DELIVER UK’S FIRST CARBON NEUTRAL CITY


of the UK’s first carbon neutral city by 2030. Marvin Rees, mayor of Bristol,


said: “City Leap is a world first. We are creating a decarbonised local energy system that Bristol can be proud of. “City Leap is leading the way on


carbon reduction, while at the same time addressing important social and economic challenges. “The inclusion of Bristol Energy is


Bristol City Leap, an ambitious project to deliver a zero-carbon, smart energy city by 2030, has launched a global search to deliver up to £1bn of investment and provide significant economic benefits for the people of Bristol and its businesses. Led by Bristol City Council and


Bristol Energy, the city’s energy company, City Leap, will establish a joint venture with another organisation to support the delivery


integral to delivering smart energy propositions, utilising City Leap’s projects by weaving a number of technologies together, helping to ensure that the company continues to deliver clean energy and social value for local people.” Following its unveiling last year,


City Leap quickly attracted interest from over 180 local, national and international organisations, including technology firms, investors, community organisations


as well as innovative energy and infrastructure developers. The procurement process will now run for a number of months. City Leap will support the mayor’s


ambitions for Bristol to be carbon neutral by 2030. Over £50m has been invested in Bristol’s low-carbon and renewable projects since 2012, and the council has cut its own emissions by 71 per cent since 2005. Bristol Energy will have a key role


in City Leap. As a formal part of the joint venture, the utility will deliver smart energy propositions, such as local tariffs and innovative services, designed to cut carbon and reduce peak energy demand. In return, the utility will benefit


from external investment, significantly reducing its reliance on council funding, while ensuring important social value continues to be delivered to local people.


developed in conjunction with academics from the University of Reading, uses advanced machine learning and artificial intelligence to provide optimised charging sessions for EV owners. In combination with the Crowd Charge app, the platform ensures customers get the energy they need, when they need it. Crowd Charge can work with


any EV, any charge point (subject to data access being provided), any energy supplier and any energy tariff. Crowd Charge’s management of


smart charging (also known as V1G) has already been proven with 350 EV users on the three-year Electric Nation smart charging trial, giving real-world insight into drivers’ behaviours and attitudes towards smart charging. In addition to V1G, Crowd Charge also offers Vehicle to Grid (V2G) charging for homes and workplaces. V2G has the opportunity to go further and generate revenue for EV owners by selling energy back to the grid at times of peak demand. V2G could give an EV owner income of £500 per year.


NEW SMART CHARGING APP


Electric Vehicle (EV) drivers can now save money on electricity and use greener energy thanks to the launch of the new Crowd Charge smart charging app. Crowd Charge will charge a


customer’s vehicle at the cheapest and greenest time depending on their current tariff. The app works in real-time and shows how much electricity is used by an EV and the price of the energy. The platform can deliver


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