Hydrogen may be a small molecule, but it’s hugely important when it comes to decarbonizing industry. Already widely in use as a chemical feedstock and fuel, hydrogen, or H2, is also central to net-zero strategies – but only if it can be produced without generating carbon emissions.

BloombergNEF: The Inflation Reduction Act gets the US closer to net zero, with renewables, carbon capture, and electrification leading the way – but more action is needed.

BloombergNEF: Japan can achieve net-zero emissions by 2050 while strengthening its energy security: Japan can achieve its 2050 net-zero goal, while strengthening its energy security, without the need to rely on costly technologies, such as ammonia coal co-firing / Accelerated deployment of mature clean technologies such as solar, wind and electric vehicles is the cheapest way for Japan to meet its 2030 emission reduction target / BloombergNEF’s cost-based modeling shows Japan can minimize reliance on clean hydrogen and avoid costly imports or domestic production / Japan needs a more stringent carbon pricing mechanism such as a higher carbon tax to keep the country on track for net zero

Investing while keeping in mind environmental, social and governance factors is becoming increasingly challenging in the US, with as many as 15 states enacting anti-ESG laws and over a dozen planning similar moves.

The costs of wind power and battery energy storage projects have come down from levels seen in 2022, at the height of global supply chain constraints and the impacts of the Ukraine war.

Americans are finding themselves in the dark more often these days, as increasingly severe weather events knock out power grids across the country. Undergrounding, decentralization, and interconnection can go a long way toward decreasing the frequency and duration of these outages and the financial toll they take.

New Study: Clean Energy Transition Now Hard-Wired Into the U.S. Economy

Eleventh annual edition of the Sustainable Energy in America Factbook highlights national data on the U.S. energy transition in 2022

Corporations Brush Aside Energy Crisis, Buy Record Clean Power

Companies committed to buy 36.7 gigawatts of clean power through long-term contracts with strong growth in the Americas and Asia-Pacific: BloombergNEF

Defying supply chain disruptions and macroeconomic headwinds, 2022 energy transition investment jumped 31% to draw level with fossil fuels: BloombergNEF

At the beginning of each year, we pause to reflect on what has happened in our industry and gather our thoughts on what to expect in the coming 12 months. These 10 trends highlight what we think will be some of the most noteworthy developments in energy storage in 2023.

Renewables made a record contribution to global grids in 2021, but coal-fired power and emissions jumped to new highs, according to BloombergNEF’s Power Transition Trends

As many as 22 states in the US have a target for 100% renewable energy or 100% carbon-free electricity. The latter includes any zero-emissions resource such as nuclear and carbon capture plants.

Renewable Energy Sector Defies Supply Chain Challenges to Hit a Record First-Half For New Investment

BloombergNEF reports an 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226 billion

Cost of New Renewables Temporarily Rises as Inflation Starts to Bite

Supply-chain woes push up cost of new-build solar, battery storage and onshore wind, which rises between 4% and 14% from year ago

$223bn Investment Needed for India to Meet 2030 Wind and Solar Goals

Renewables crucial for India to meet its longer-term climate goals

Corporate power purchase agreement (PPA) prices across Europe have increased 7.2% on average since 2H 2021 and an astonishing 13.5% since 2H 2020, according to our latest European Corporate PPA Price Survey. For the first time, prices increased across all technologies and in all markets.

Global commissioning of wind turbines reached 99.2GW in 2021, moving ever-closer to a 100-gigawatt year. Offshore wind additions surged 161% year-on-year

Tenth Annual Edition of the Sustainable Energy in America Factbook Provides Key Data on the Role of Energy Efficiency, Natural Gas and Renewable Energy in Driving the Energy Transition

Corporate Clean Energy Buying Tops 30GW Mark in Record Year

Corporations purchased 31.1 gigawatts of clean power through long-term contracts, largely driven by activity in the U.S. and from large technology companies

Global Investment in Low-Carbon Energy Transition Hit $755 Billion in 2021

BloombergNEF’s annual investment report records a 27% rise from 2020 to 2021, with almost half of all investment occurring in Asia

In 2021, more than $1.6 trillion in sustainable debt instruments were issued, setting a new record and bringing the total market to over $4 trillion. The growth came against the backdrop of COP26, among other events, which brought renewed commitments to mobilize public and private climate finance from governments and brought together private actors through initiatives like the Glasgow Financial Alliance for Net Zero.

Emerging Market Clean Energy Investment Slid as Covid-19 Spread

Investor support for the energy transition surged in 2020, but capital flows to less developed countries slowed as the pandemic raged on

Global Energy Storage Market Set to Hit One Terawatt-Hour by 2030

The U.S. and China will lead, claiming over half of the global installations by the end of this decade.

New Bloomberg Resource Lights Paths to a Net-Zero CO2 Future

NetZero Pathfinders platform surfaces dozens of proven, actionable policies ready to scale globally

New investment in renewable energy projects and companies totalled $174 billion in the first half of 2021, supported by record public market financing and record levels of venture capital and private equity commitments, according to the latest Renewable Energy Investment Tracker from research company BloombergNEF (BNEF).

BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries have given more than $3.3 trillion in subsidies for coal, oil, gas, and fossil-fuel power from 2015-2019 / U.N.-convened Net-Zero Asset Owner Alliance, representing over $6.6 trillion assets under management, and U.N. Special Envoy Michael R. Bloomberg urge G-20 leaders to take bold action ahead of COP26

The wind sector brushed off the effects of Covid-19 in 2020 to install 97GW, smashing the previous record set for annual installations in 2015 by over 30GW. The industry is set to see tremendous growth over the coming decade. We predict cumulative wind capacity could double from 2021 to 2030, reaching 1.7TW.

Offshore wind could become an important way to produce hydrogen at scale. The project pipeline is growing rapidly, costs are falling and non-economic factors are poised to boost uptake. BloombergNEF estimates that a mid-range price for offshore wind-to-hydrogen will be around $7/kg in 2025, dropping to $1/kg by 2050.

Latin America Set for Record Wind, Solar Expansion in 2021

Pandemic produced sharp drop in new wind and solar build / 2021 to deliver record, double-digit capacity additions

World leaders will gather virtually April 22-23 at a summit to discuss boosting their climate pledges. As host, the U.S. is expected to set an example by announcing its 2030 emission target and other governments are expected to follow suit. But evaluating these goals is like trying to compare apples with penguins because targets have different structures, baselines and deadlines.