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.