A highlight from the International Energy Agency November 2020 Fuel Report projects that "Renewables are set to lead the global electricity sector."
Cost reductions and sustained policy support are expected to drive strong renewables growth beyond 2022. Despite the challenges emerging from the Covid crisis, the fundamentals of renewable energy expansion have not changed. Solar PV and onshore wind are already the cheapest ways of adding new electricity-generating plants in most countries today. In countries where good resources and cheap financing are available, wind and solar PV plants will challenge existing fossil fuel plants. Solar projects now offer some of the lowest-cost electricity in history. Overall, renewables are set to account for 95% of the net increase in global power capacity through 2025.
BloombergNEF Presentation: New Energy Outlook 2020
Seb Hebnest, Chief Economist at BloombergNEF gives a presentation about the outlook for renewable energies in 2020 at the Bloomberg Sustainable Business Summit Global virtual event. NOV 30, 2020
Driven by the Power of the Sun
At Aptera, we’re driving into the future with a 1,000-mile range that gives you the freedom to do more with less impact on the planet. Aptera is the first electric/ solar vehicle that requires no charging for most daily use. Thanks to the power of the sun, the dream of driving for more miles with less carbon, materials, and energy from the grid is now a reality. (Aptera website)
QuantumScape is building a better electric car battery that it says charges to 80% in 15 minutes (CNBC) DEC 8, 2020
QuantumScape isn’t alone in its quest to build a better battery. Ultimately, the company will compete with stalwart battery manufacturers like CATL and BYD in China, Panasonic, LG, Samsung and others that manufacture lithium ion battery cells. It will also compete against Tesla, which has designed and started producing some of its own cells, and other companies building solid-state batteries, like Solid Power and Toyota. (CNBC) DEC 8, 2020
History, Charts & Curated Readings
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense