Explore The Latest Energy Transition News - May 2022
This month's Pangea SI Newsletter has a range of industry articles focusing on hydropower, some in-depth expert commentary on EVs and energy storage, and the latest energy transition news from this month.
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Featured Article:
The hydropower market has a huge amount of untapped potential. Hydropower currently ranks as the third-highest electricity-generating source after coal and natural gas, but it could be much more due to its flexibility and application on a global scale.
To uncover more about this market, we have delved into it and explored the technologies and types of hydropower available, how we can scale up, the installation costs, and most importantly - what the future of hydropower looks like. This article offers a comprehensive insight into this exciting and core renewable energy.
Pangea SI Expert Focus:
"Electric vehicles are already here and will be with us for the foreseeable future. But the reality is that its adoption is growing at different rates around the globe, and there are several factors that influence this increment, and those are connected to socio-economic variables." - Electric Vehicle Expert
This article explores a variety of factors impacting the EV market in Latin America including:
Explore our complete bench of EV Experts here.
More Insights From Pangea SI:
Last week, Pangea SI held a very successful webinar with our own Energy Markets Expert. The webinar explored the broad range of factors impacting the gas market such as geopolitics and corporate investment. Watch the webinar recording today.
Episode 6 of the PSI Podcast is now available. This episode focuses on renewable energy generation, its connection with the energy storage markets, and our changing infrastructure requirements for the energy transition.
Energy Investment News:
Siemens Energy is attempting to purchase all the outstanding shares of Siemens Gamesa Renewable Energy for €18.05 per share. The aim of this take-over is to resolve current issues that Siemens Gamesa currently faces. It would create much value through a unified strategy, integrated operations, and a stronger financial position for Siemens Gamesa Renewable Energy.?
Wind energy is and will continue to be at the forefront of the energy transition and SGRE's product and service support this, but the company have had a struggling financial performance in recent times. This full take-over could be very beneficial for stakeholders, shareholders, and the energy transition.?
SSE has a broad range of operations from renewables, to carbon capture, to batteries and will invest ￡15 billion into clean energy infrastructure in Scotland by 2030 assuming its continued support.
They reported a ￡1.5 billion operating profit for 2021/22 despite turbulent conditions and they invested a record ￡2 billion in expenditure for the year. The company's current plans will see them invest more than ￡24 billion in the UK by the end of the decade.
Energy Infrastructure News:
The nation now plans to develop the world's largest renewable energy fleet, as a result, their spending on solar energy is rapidly increasing. Between January and April 2022, China has invested $4.3 billion in solar energy, which is around 204% higher than the same time last year.
China is set to add a huge 2020 GW of total power capacity this year as they seek to develop a larger and more flexible energy grid to meet carbon emission goals. Despite this, coal will continue to be a major part of China's energy mix for many years to come.?
The two nations have strengthened their energy relationship by signing a new energy partnership that holds a specific focus on the trading of hydrogen and LNG. Germany along with many other countries has been affected by Russia's invasion of Ukraine and is now looking for alternative suppliers.
The agreement adds to an already successful energy relationship between the two countries and is expected to deliver very high mutually beneficially results as both countries continue to pursue climate goals.
Industry Movements and Appointments
BlackRock
BlackRock has appointed Suliman Algwaiz as the Chairman of the company's Saudi unit.?
The Head of EMEA at BlackRock, Stephen Cohen stated "I am delighted that BlackRock is taking this next step in the growth of our Saudi business."
In addition, BlackRock has also made Mohammed Al-Issa, the CFO of Assila Investments an Independent Non-Executive Board Member.?
NextEra Energy
The Board of Directors of NextEra Energy Inc. have appointed President and CEO, John Ketchum as the Chairman of the board.?
Ketchum will succeed Jim Robo at the end of July 2022 who is retiring from his role at NextEra Energy. Having joined the company in 2002, Ketchum was made President and CEO on March 1st, 2022.?