Here is your weekly roundup of renewable energy articles that we’re reading:
Key Takeaway: The biggest concern for projects is that government contracts which subsidize off-shore wind developments are not keeping pace with rising supply chain costs. Ultimately if utility developers cannot create profitable projects, the grid will have to continue to rely and expand on fossil fuel plants that are in place.
Key Takeaway: The Inflation Reduction Act (IRA) signed into law in 2022 continues to make a large impact in the development of solar projects. Even anecdotal cases in coal country places such as Kentucky are seeing a large increase in these type of renewable energy projects. Experts explain that business investments will continue and the U.S. will begin to see its stride in this industry in 2026-2028 after many new manufacturing facilities come online into full production.
Key Takeaway: By combining the use of solar panels on land and intertwining it with crops that can benefit from shade, there are potential farming synergy developments that be utilized to help increase crop production. The big concern this article attempts to make is how solar and wind farms use large amounts of land for utility scale projects. At Adon Renewables, our team is focused on fixing this problem with the implementation of battery storage. We have developed a mobile battery that can transport energy from a solar farm in a rural setting and deliver it to a high population density area. Also, by introducing microgrids, we can use a fraction of the solar panels to generate electricity on the rooftops of buildings that are using the energy locally. Once again, battery storage solutions like our PowerBox series is this missing link that allows our society to transform how electricity is stored and delivered.
Key Takeaway: Tokyo Steel has historically used electric furnaces at night exclusively because energy rates are cheaper at night. However, with the development of renewable energy sources, they are adapting their business practices to be able to operate their furnaces during the day because energy has become cheaper. Their facilities would be great candidates to utilize battery storage such as our PowerBox. Not only would batteries help stabilize the grid when there are power outages, but they would benefit businesses by helping them maintain operations.
Key Takeaway: Nearly half of Italy’s electricity needs are now being met by locally produced clean energy.