Which technologies, supply chains and #climategoals will be the powerhouse of the #energytransition?
According to S&P Global the game-changing #cleantech trends for 2023 are:
🔄 Component prices drop, paving the way for renewable system expansion. 2023 investments in solar, batteries, and wind are set to gain ground oil and gas investments.
🏭 Local manufacturing to boom for #solar and #batteries in the US and Europe. By 2026, Netherlands will have installed 1 kW of residential PV per person, covering average personal electricity needs.
💡 Distributed energy generation to evolve significantly, opening doors to new segments.
🌿 Ambitious #renewableenergy projects: Denmark, Austria, and Estonia targeting 100% national renewable electricity by 2030, while Germany, Portugal, and Ireland aim for 80%.
💨 Turbine manufacturers will decidedly reshape the future of #windenergy. Unit generation capacity of onshore wind turbines is expected to nearly double between now and 2030 and triple for offshore wind.
🤝 #CCUS (Carbon Caputre, Utilisation & Storage) to gain momentum with strategic partnerships and early-stage projects. Currently, more than 70% of global CCUS large-scale projects in the pipeline are in the early stage of development. Only 3% are currently under construction.
🔥 #Heatpumps will revolutionize the lagging heat sector, providing the lion’s share of domestic heating by 2050.
⚠️ Nuclear power to experience a resurgence amidst the #energycrisis.
To stay ahead of the curve dive into the detailed insights of S&P Global's whitepapers below