BYD Transforms Battery Production Line with ForwardX Robotics
BYD Company Limited, a renowned innovator in electric vehicles and sustainable technology, has announced a transformative …
April 7, 2022: -The wind energy sector had its second-best year in 2021. Still, installations will need to increase going forward to keep track of net-zero goals, according to a new report from the Global Wind Energy Council.
Capacity refers to the maximum amount of electrical installations can produce, not what they’re necessarily generating. Published Monday, the GWEC’s Global Wind Report 2022 said 93.6 gigawatts of capacity was installed last year, less than the 95.3 GW installed in 2020. The cumulative total grew to 837 GW.
The offshore wind segment installed 21.1 GW in 2021, its best-ever year. Installations in the onshore wind came in at 72.5 GW last year, against 88.4 GW in 2020.
According to the GWEC, whose members include firms like Vestas, Orsted, and Shell,34,34az, the main drivers of the decline in onshore installations were China and the U.S.
30.7 GW was installed in 2021 for China compared to over 50 GW in 2020; the GWEC cites the ending of the country’s feed-in tariff as the reason behind the drop.
First Solar slides after Bank of America downgrades stock to underperform
The U.S. has installed 12.7 GW of onshore capacity in 2021, a 4.16 GW decline compared to 2020. The GWEC pointed to “disruptions due to COVID-19 and supply chain issues,” which “slow down project construction execution from the 3rd quarter of 2021 onwards.”
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
BYD Company Limited, a renowned innovator in electric vehicles and sustainable technology, has announced a transformative …
Hertz Global Holdings Inc. (NASDAQ: HTZ), a prominent car rental company, has disclosed further financial losses associated …
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.