Report projects size of global battery storage market climbing to exceed $13 billion by 2023

first_imgReport projects size of global battery storage market climbing to exceed $13 billion by 2023 FacebookTwitterLinkedInEmailPrint分享PV Magazine:As renewable energy capacity rises around the globe, markets are changing, creating opportunities for new businesses and technologies. One of the primary beneficiaries of the tide of renewable energy is a battery storage industry whose global market volume will rise to $13.13 billion by 2023, buoyed by necessity and falling system prices.That is the prediction made by market analysis company GlobalData in its Battery Energy Storage Market, Update 2019 – Global Market Size, Competitive Landscape and Key Country Analysis to 2023 report, which states the Asia and Pacific region (APAC), as well as Europe, the Middle East and Africa (EMEA), will be the most dominant battery storage markets up to 2023.According to the analysts, the APAC region made up 45% of the world’s installed battery storage capacity last year. The region will continue on that trajectory, said GlobalData. In China, India, Japan, South Korea and the Philippines in particular, said the analysts, significant uptake of grid connected renewable electricity generation will necessitate frequency control in grid networks to improve resilience.The EMEA region significantly increased its battery storage market share between 2013 and 2018, to a 26% slice of the world market worth $1.72 billion. The GlobalData report adds, the European market has robust demand for flexibility and will be EMEA’s driver for new storage capacity with Africa and the Middle East to follow suit once renewable energy deployment gains traction.The Americas battery storage market was slightly larger than EMEA with a registered value of $1.97 billion last year, to make up around 28% of the global market. Chile, Canada, Brazil and the U.S. in particular saw rapid uptake of storage.More: Battery storage market will be worth $13 billion by 2023last_img read more

Oceanside Man Killed in Car Crash

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 64-year-old Oceanside man died after he crashed the vehicle he was driving in East Rockaway early Friday morning.Nassau County police said Scott Epstein was driving alone westbound on Main Street when his vehicle hit a tree at the corner of Waverly Avenue at 1:20 a.m.The victim was pronounced dead at the scene.last_img

COVID-19: Surabaya and its satellites to start PSBB with curfew

first_imgPrior to the implementation of the PSBB, more than 80 checkpoints to monitor people’s movements have been established in the three regions – 13 in Surabaya, 24 in Sidoarjo and 45 in Gresik. Luki said checkpoints were not set up to stop people from going to work. “We will not make the people’s economic activities stop running. Shops, hypermarkets and traditional markets will stay open. We just want people to adhere to physical distancing rules,” he said. He said that a 4,300-strong joint team of police, military and public order agency (Satpol PP) personnel would be deployed to ensure people’s adherence to the PSBB order.  The COVID-19 task forces in Surabaya, East Java and its satellite regencies Sidoarjo and Gresik are set to impose a curfew during the large-scale social restrictions (PSBB) as part of efforts to stem the spread of COVID-19 in the three regions, which will be effective for 14 days from Tuesday until May 11.East Java police chief Insp. Gen. Luki Hermawan said the curfew and other restrictions would be enforced with several exceptions to make sure the PSBB did not hamper people’s economic activities. “Economic activities are not prohibited. There are at least two traditional markets in Surabaya that open at night, for instance. We will let them open [despite the curfew],” Luki told reporters on Tuesday morning.  “But we will give more verbal reminders to violators especially in the first three days of PSBB implementation,” he said. Similar to the restrictions imposed in Jakarta, the three regions are limiting vehicles to use only 50 percent of their seats. Motorcycles are not allowed to take passengers. Surabaya is the hardest-hit region in East Java with 372 confirmed cases and 51 fatalities as of Monday. The inclusion of Sidoarjo and Gresik in the implementation of the PSBB is partly due to Surabaya’s interconnection with the two satellite regions. Sidoarjo is the second-hardest-hit region with 81 confirmed cases and 11 fatalities, while Gresik has 22 confirmed cases and four fatalities. According to the official government count, East Java has 857 cases with 90 fatalities as of Tuesday. Topics :last_img read more

Shell launches major cost-cutting drive to prepare for energy transition

first_imgRoyal Dutch Shell is looking to slash up to 40 percent off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.Shell’s new cost-cutting review, known internally as Project Reshape and expected to be completed this year, will affect its three main divisions and any savings will come on top of a US$4 billion target set in the wake of the COVID-19 crisis.Reducing costs is vital for Shell’s plans to move into the power sector and renewables where margins are relatively low. Competition is also likely to intensify with utilities and rival oil firms including BP and Total all battling for market share as economies around the world go green. The company’s integrated gas division, which runs Shell’s liquefied natural gas (LNG) operations as well as some gas production, is also looking at deep cuts, the sources said.For downstream, the review is focusing on cutting costs from Shell’s network of 45,000 service stations – the world’s biggest – which is seen as one its “most high-value activities” and is expected to play a pivotal role in the transition, two more sources involved with the review told Reuters.“We are undergoing a strategic review of the organization, which intends to ensure we are set up to thrive throughout the energy transition and be a simpler organization, which is also cost competitive. We are looking at a range of options and scenarios at this time, which are being carefully evaluated,” a spokeswoman for Shell said in a statement.Shell’s restructuring drive mirrors moves in recent months by European rivals BP and Eni which both plan to reduce their focus on oil and gas in the coming decade and build new low-carbon businesses.The review, which company sources say is the largest in Shell’s modern history, is expected to be completed by the end of 2020 when Shell wants to announce a major restructuring. It will hold an investor day in February 2021.Speaking to analysts on July 30, Shell Chief Executive Ben van Beurden said Shell had launched a programme to “redesign” the Anglo-Dutch company.Low-carbon fuelsTeams in Shell’s three main divisions are also studying how to reshape the business by cutting thousands of jobs and removing management layers both to save money and create a nimbler company as it prepares to restructure, the sources said.Shell, which had 83,000 employees at the end of 2019, carried out a major cost-cutting drive after its $54 billion acquisition of BG Group 2016, which has helped boost its cash generation significantly in recent years.Shell’s operating costs, which include production, manufacturing, sales, distribution, administration and research and development expenses, fell by 15 percent, or roughly $7 billion, between 2014 and 2017.But the sharp global economic slowdown in the wake of the COVID-19 epidemic coupled with Shell’s plans to slash its carbon emissions to net zero by 2050 have led to the new push.Shell cut its 2020 capital expenditure plans by $5 billion to $20 billion in the wake of the collapse in oil and gas prices due to the pandemic amid warnings it could have lasting effects on global energy demand.Van Beurden said in July that Shell was on track to deliver $3 billion to $4 billion in cost savings by the end of March 2021, including through job cuts and suspending bonuses.He said travel restrictions during the pandemic had accelerated the digitalisation of Shell while machine learning was being rolled out to minimise outages and shorten maintenance time at refineries, oil and gas platforms and LNG plants.Besides cutting costs at its downstream retail business, Shell is pressing ahead with plans to reduce the number of its oil refineries to 10 from 17 last year. It has already agreed to sell three.The review of refining operations also includes finding ways to sharply increase the production of low-carbon fuels such biofuels, chemicals and lubricants. That could be done by using low-carbon raw materials such as cooking oil, one source said.Topics : “We had a great model but is it right for the future? There will be differences, this is not just about structure but culture and about the type of company we want to be,” said a senior Shell source, who declined to be named.Last year, Shell’s overall operating costs came to $38 billion and capital spending totaled $24 billion.Shell is exploring ways to reduce spending on oil and gas production, its largest division known as upstream, by 30 percent to 40 percent through cuts in operating costs and capital spending on new projects, two sources involved with the review told Reuters.Shell now wants to focus its oil and gas production on a few key hubs, including the Gulf of Mexico, Nigeria and the North Sea, the sources said.last_img read more

How Jose Mourinho could make Arsenal a force again, according to Danny Mills

first_imgAdvertisement Advertisement Jose Mourinho has been touted as a possible Arsenal boss (Picture: Getty Images)Jose Mourinho’s adaptability as a manger would improve Arsenal, but he would need to spend a lot of money to spend on the squad, according to England international Danny Mills.Pressure is beginning to mount on Gunners boss Unai Emery after a shaky start to the season and a calamitous 2-2 draw with Watford last weekend.Emery’s side were two goals ahead at half time at Vicarage Road but produced a woeful display after the break and allowed the Hornets to get back into the game and take a point.Mills does not believe Emery has made much of an impact since taking over at the Emirates in 2018 and believes Mourinho is a better option in the dugout, although the Portuguese would take some persuading to accept the job.AdvertisementAdvertisementADVERTISEMENT‘Is there much improvement since Arsene Wenger?’ Mills asked on talkSPORT. ‘Under Arsene Wenger it was always “they just keep doing the same thing, they keep playing the same way, they don’t sort out the defensive midfield, they don’t sort out the defence and it doesn’t get any better”.‘One thing you have to say about Mourinho [is] he always found different ways to win and he would adapt to the opposition. Mourinho I still think is one of the best. I’m not so sure that he would [take the Arsenal job].‘He’d need plenty of money, he’d need plenty of money to sort that defence out, that would be the biggest problem.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘But he was adaptable, Sir Alex Ferguson was always adaptable, would change formation in European games. To compete at the very, very top, you have to do that.‘Unless you are so ahead of everybody else, so much better, you have to adapt to the opposition.‘Even Manchester City did that, that first season where Pep [Guardiola] realised “oh, that didn’t quite work”. You’ve got to find a balance.’Emery is not expected to be sacked any time soon, with bookmakers offering odds of 25/1 on him being the next Premier League manager to leave their post.The Spaniard will also be buoyed by the return from injury of defenders Rob Holding, Hector Bellerin and Kieran Tierney, all of whom should be available for Premier League action in the coming days.MORE: Mesut Ozil not included in Arsenal Europa League squad for Eintracht Frankfurt clashMORE: Unai Emery set to name strong Arsenal XI against Frankfurt with Bukayo Saka involved in training again Metro Sport ReporterWednesday 18 Sep 2019 6:23 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link4.2kSharescenter_img Comment How Jose Mourinho could make Arsenal a force again, according to Danny Millslast_img read more

Check out the newest entrants to Brisbane’s real estate listings

first_imgMore from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoThe kitchen at 24 Walker Ave, New FarmA house at 24 Walker Ave, New Farm is set for auction on March 18. The three-bedroom home is on Teneriffe Hill.It sits on a 764sq m block. The home has a wrap around balcony.Once you enter through the main entry way there is a living and entertaining area.The kitchen has views of the Brisbane River and the dining area allows access to the surrounding deck. 26 Castile St, Indooroopilly. Picture: 26 Castile St, Indooroopilly this home has hit the market with a price guide of between $1,680,000 and $1,780,000.The four-bedroom resort-style home has 4.2 metre high ceilings, bamboo floors, a fireplace and commercial grade glass.Decks overlook the swimming pool. 70 Gosford St, Mount Gravatt is one of the new listings. Picture: new listings are hitting the Brisbane real estate market.CoreLogic figures reveal 4616 more properties were listed for sale in Brisbane in the past four weeks.There are now 19,533 properties listed for sale, 2.3 per cent higher than this time last year.New listings include this home at 70 Gosford St, Mount Gravatt has hit the market with a $749,000 plus price tag.The four-bedroom home has drop ceiling bulkheads, and LED downlights throughout the house.There are 2.7m ceilings throughout the house Sydney blue gum timber floors.center_img 26 Castile St, Indooroopilly. Picture: read more

United win on emotional night

first_imgRyan Giggs made a cameo appearance off the bench and Nemanja Vidic said goodbye to Old Trafford, but it was Manchester United debutant James Wilson who stole the show as he scored twice to sink Hull. Vidic was not in the starting XI, but he took centre stage just before kick-off. The Serbian received a gift, wrapped in United-coloured paper, from Sir Bobby Charlton on the touch line. Rio Ferdinand and Patrice Evra – who could also leave this summer – were not in the squad. Wilson threatened to steal the limelight in the second minute when he shaped to shoot inside the box, but Alex Bruce came to the rescue with a diving interception. Unlike in their first two matches under Giggs, United were flying early on. Januzaj slipped into the box after latching on to Antonio Valencia’s chip, but he was hacked down by Figueroa. Referee Craig Pawson waved play on despite the protests of the home side. United’s early dominance started to fizzle out. The hosts were then forced into an early change when Jones and Figueroa clashed shoulder to shoulder while in mid-flight. Jones came off worse. He was immediately substituted, wincing with pain as he walked down the tunnel. Vidic came on to huge applause and a standing ovation. The crowd were on their feet again on the half hour as Wilson scored the opener. The youngster volleyed home from close range after Marouane Fellaini knocked down Januzaj’s free-kick at the back post. A huge smile stretched across the striker’s face as “There’s only one James Wilson” rang out on the Stretford End. Steve Bruce brought on Fryatt and Yannick Sagbo on at the break. United remained on top though. Januzaj drew a top-class save from Premier League debutant Jakupovic. Vidic was desperate to go out with a bang. The big centre-half was a constant menace in the box when he came up for set-pieces and he thought he should have had a penalty when Stephen Quinn handled the ball in the box following his header. The night belonged to Wilson though. The striker was in the right place at the right time to fire United 2-0 up on the hour. The ball dropped to Wilson after Jakupovic spilled Fellaini’s shot and he tucked the ball home. The crowd sang “Wilson for England” as the smiling teenager celebrated. Those celebrations were cut short a minute later when Fryatt knocked the ball past Carrick and blasted a 26-yard shot past David de Gea. Wilson then received a standing ovation and a pat on his back from his manager as he was replaced by Van Persie. Giggs caused the biggest cheer of the night when he started warming up. Such was the excitement about Giggs’ introduction that stewards had to restrain the United fans in the front row of the stand. After a brief wait, Giggs entered the field in place of Lawrence. The Welshman did not look his age as he raced at the Hull defence. Giggs thought he should have had a penalty when his low shot struck Alex Bruce’s arm. The 40-year-old then rolled back the years to embarrass the Hull manager’s son with a burst of pace. Meyler threatened to spoil the party with a swirling 25-yard drive, but De Gea saved well. Every time Giggs touched the ball he was urged to shoot, but he resisted the temptation with three minutes to go, playing the ball forward to Van Persie who fired past Jakupovic at the second attempt after seeing his initial attempt blocked. Meyler drew the ire of United fans by sinking his studs into Januzaj’s shin, but the foul went unpunished. Giggs had the chance to end night in the perfect fashion, but Jakupovic pulled off a fantastic save to stop his curling free-kick from 25-yards. Giggs and Vidic then both gave emotional speeches to the crowd before disappearing down the tunnel. Wilson, 18, scored from close range either side of half-time, and Robin van Persie also found the net as United beat Hull 3-1 in the final home game of the season. This year may have been the worst in recent memory, but at least United ended on a high thanks to impressive performances from Wilson, fellow debutant Tom Lawrence and 18-year-old Adnan Januzaj, who was superb throughout. Press Association But for all the energy shown by the three youngsters, it was Giggs who drew the biggest cheer of the night when he came off the bench with 20 minutes to go. Giggs will not be manager here next year. He may not even play a game for the club again. Giggs, who is expected to be replaced by Louis van Gaal, wrote in his programme notes that he had not made up his mind about his future, but he added that it had been “an honour and privilege” to manage the club’s final three home games of the season. The midfielder, who gave an emotional message of thanks to the fans after the final whistle, also said in his notes that he was in two minds as to whether he should continue playing under Van Gaal next. Giggs showed signs that he is still up to the job though as his 40-year-old legs sprinted past Alex Bruce late on. The interim player-manager almost made it a perfect night when he curled a brilliant 25-yard free-kick over the wall towards goal, but Eldin Jakupovic saved superbly. Vidic had little to do in his farewell match. Hull were rather abject throughout. Matty Fryatt’s long-range strike was the only positive for the FA Cup finalists. The only downside for United was that Phil Jones was taken to hospital after he suffered a shoulder injury jumping for the ball with Maynor Figueroa in the first half. last_img read more

Sumsung-Chelsea Dream the Blues team interact with media

first_imgGhana’s team at the recent Dream the Blues Campaign has touched down in Accra with a call on young talents to aim high and grab the chance of making it to the very top of the football ladder.The team which was in London for a period of one week is made up of Mr Richard Nunekpeku who is the Marketing manager of Samsung Ghana, Sports Journalist Gideon Okyere Anim of Asempa FM and multimedia fame, Ghana’s representative Ismael Mensah and his guardian Mr Mensah.The team took turns to share their experiences on the tour and the benefits thereof.Gideon Anim was humbled at the level with which the club run its media and its interactions with the various press houses in England and around the World since brand Chelsea is known all over the globe.He was of the opinion that Ghanaian clubs could do more in the area of branding with specific emphasis on their image.Rep Ismael Mensah was delighted with the once in life time opportunity given him by virtue of the potential he has been blessed with. He was grateful to Samsung for the opportunity to showcase his potential to a club of Chelsea’s magnitude and also the privilege of hanging out with their iconic stars some of who are his heroes.As a student, he is excited about the opportunity of combining his education and sports as he believes that the two are the best ways of maximizing his full potential.Marketing manager of Samsung Ghana, Richard Nunekpeku expressed his pride at his company’s association with such a programme. Though the program cost is in excess of over a million dollars, he believes it was money well spent and the opportunity to give back to the society that has taken its brand to various parts of the world.“Samsung is a very young Brand in Ghana but its iconic products and ability to relate to the people who have made the brand what it is today is very important for us. The cost of the programme may be on the high side but we believe it is money well spent and we are looking at replicating the event next year.“We are happy for Ismael, his friends and family and we wish him the very best in the near future as he seeks to make it big both in his chosen field and in his academics.” The Samsung Dream the Blues Fiesta is collaboration with Chelsea Football Club of England which gives the opportunity to the next generation of Stars between the ages of 9-13 to pursue their dreams and nurture athletic talent.last_img read more