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Solar and Energy Storage: A renewable energy opportunity

Renewable energy holds the potential to transform the power and energy industry

Cleantech, which includes renewable energy and energy storage, is playing a key part in the decentralization and digitalization of the power system, or the so-called Energy Transition that is now on the agenda of nearly all companies, governments and institutions. Distributed generation accounts for a very significant part in the overall power mix, and addressing the challenges that come with this will be at the core of our research.

IHS Markit continues to work with the largest global corporations and investors that exert an increasingly important role in renewable energy. Attracted by growing opportunities and attractive returns, as well as pressure to increase sustainability, these companies are investing in renewables. The trend to renewables and energy storage becoming an increasingly affordable and viable alternative to conventional sources of power generation is expected to continue to grow in coming years.

The state of solar and the impacts of energy storage

Camron Barati, senior analyst of solar and energy storage at IHS Markit, discusses the key drivers behind solar PV and battery energy storage trends, and what it will take to see renewables compete on a level playing field with natural gas.

The IHS Markit difference

  • You will receive the most comprehensive source of forecasts, data and insights on the global PV industry and the global energy storage market
  • Our team of solar and energy storage experts offers customers direct access to discuss the latest market trends, clarify any data and answer your questions.

Recent Press Releases, Insights

Date Month Year Title, URL
4 April 2019 Global Solar PV Market Returns to Double-Digit Growth in 2019, IHS Markit Says

Experts

Edurne Zoco, Ph.D.

Dr. Zoco provides experience, analysis, and actionable insight to our customers on the solar PV supply chain and the development of global demand for PV and its role in the wider energy transition. She contributes to a broad range of deliverables across the research team, including both subscription products and custom research and consulting projects. Dr. Zoco has been involved in the solar industry for over a decade and has presented at leading industry events and conferences since 2007. Prior to joining IHS Markit, she was employed by Trina Solar, a leading PV manufacturer where she held global positions within corporate and strategic marketing. She holds a Ph.D. in Political Science from the University of Notre Dame, United States. She speaks English, French, Spanish, and Italian.

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Sam Wilkinson

Mr. Wilkinson coordinates and contributes to a wide range of custom research, consulting, and advisory projects, in addition to continued contributions to the team's syndicated research products. His areas of expertise are solar PV, battery technology and supply chain, and battery energy storage (for grid applications).Upon joining the team in 2008, He was responsible for researching the photovoltaic (PV) inverter market and the PV module and polysilicon supply chain, working closely with leading global suppliers to develop detailed analysis on these markets. He has also been responsible for establishing primary research reports focusing on solar demand and policy, complementing IHS Markit extensive research of the complete PV supply chain. Building on his experience in the solar research team, Mr. Wilkinson established the Clean Energy Technology team's coverage of energy storage in 2012, covering a wide range of topics within this fast-developing sector, including the development of battery technology and the battery supply chain. Mr. Wilkinson's analysis and commentary is regularly published by leading PV and energy industry media and the global press. He has also presented at many leading industry events and conferences and previously worked in structural engineering. He holds a bachelor's degree in math and engineering from the University of Nottingham, United Kingdom.

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Josefin Berg

Her focus areas include developer and EPC strategies, the demand for PV in emerging markets and the role of PV in the power generation mix. With more than 10 years of experience in the solar power industry, Ms. Berg authors reports on PV markets and trends, and she regularly speaks at industry events. Prior to joining IHS Markit, she was an R&D strategy consultant in the field of energy efficiency and renewable energies. Ms. Berg holds a Master of Science in environmental engineering from Uppsala University, Sweden. She speaks English, French, Spanish and Swedish and is based in Barcelona, Spain.

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Cormac Gilligan

Mr. Gilligan is responsible for managing the research of the global PV inverter and Balance Of System (BOS) markets, regularly publishing research reports on these topics, and supporting many of the leading suppliers via custom research and consulting engagements. He supports detailed coverage of the energy storage industry, carrying out research and authoring reports on the quickly growing market for storage inverters. Mr. Gilligan is widely regarded as a leading authority on the global PV inverter market, analysis and commentary is regularly published by leading PV industry media and the global press. He has presented at many leading industry events and conferences. Prior to joining IHS Markit, Mr. Gilligan worked as a civil engineer developing rail and metro projects across capital cities throughout Europe. Mr. Gilligan graduated from University College Dublin with a degree in engineering and is based in Dublin, Ireland.

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Julian Jansen

Julian Jansen is an Associate Director in the Climate & Sustainability Consulting team at IHS Markit. He leads the group's consulting activities on clean energy technologies. Mr Jansen has over 8 years of consulting and research experience in the energy sector - focusing on energy storage, distributed energy resources, system flexibility, renewable energy and the interplay between e-mobility and the energy industry. Previously, he led IHS Markit's global energy storage research team, providing deep insight on key value drivers and emerging business models accelerating storage deployment across the world, as well as covering technology development and the competitive landscape.Prior to joining IHS Markit, he established and managed the energy storage research area at specialist consultancy firm Delta-ee. Mr. Jansen holds a Bachelor of Business Administration in European management from Lancaster University, United Kingdom, a Bachelor of Science in international management from ESB Business School in Germany, and a Master of Science in ecological economics from the University of Edinburgh, Scotland.

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