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Powerstar Round-up 82

Welcome to the latest round-up. We have pulled together some of the biggest developments in the battery storage sector and the transition towards Net Zero into one, convenient list to help you keep up to date with the ever-moving landscape of the UK’s energy sector.

 1) UK battery storage market to remain strongest in Europe

European power outlook: Investors predict 2020 'momentum' for battery storage | S&P Global Market IntelligenceAn independent forecast has predicted that the UK will maintain a dominant position in the European battery storage market over the next decade, securing 35% of the total market by 2028.

 

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2) CO2 levels in 2020 were ‘higher than any time in the last 3.6 million years’

A significant drop in total emissions last year was not enough to prevent 2020 seeing record levels of carbon dioxide in the atmosphere.

 

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3) New study finds battery storage 30% cheaper than gas-fired generation for peak capacity

An Australian study has found that battery storage is significantly cheaper, as well as more effective, than natural gas-fired generation for meeting peak demand.

 

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4) UK’s net zero transition will create up to 1.7 million jobs this decade

Most of the new jobs would be in energy efficiency - but there are also major opportunities in energy generation and manufacturingA leading think-tank has revealed that the UK’s net-zero transition will generate as many as 1.7 million new full-time jobs across energy efficiency, low-carbon heating, energy generation and manufacturing.

 

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5) One fifth of top corporates have net zero commitments in place

Study: One fifth of top corporates have net zero commitments in placeOne in five of the world’s 2,000 largest listed companies, representing nearly $14 trillion in sales, have committed to a net-zero emissions target.

 

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6) Company bosses and investors split on importance of net zero transition

A global survey of executives found that a majority were concerned that the expected benefits of the transition to low carbon would not outweigh the costs, while 90% of investors felt an effective net-zero plan was a critically important driver of investment appeal.

 

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16 April 2021

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