Australia on the Cusp of Big Battery Boom, According to BloombergNEF Report
A volatile power market, supportive government policies, and looming coal plant retirements are driving uptake of utility-scale batteries in Australia: BloombergNEF Sydney, March 25, 2025 – Australia could be on the cusp of a utility-scale battery boom, propelled by sustained high volatility in the power market, government policies that support batteries, and expected coal plant […]
Chinese Manufacturers Lead Global Wind Turbine Installations, BloombergNEF Report Shows
London and New York, March 17, 2025 – Wind turbine installations hit a record for a second year in 2024, driven by rapid growth in mainland China, according to a new report by research provider BloombergNEF (BNEF). Globally, developers brought online 121.6 gigawatts (GW) of wind turbines worldwide last year, double the capacity commissioned […]
Europe’s New Emissions Trading System Expected to Have World’s Highest Carbon Price in 2030 at €149, BloombergNEF Forecast Reveals
6 March 2025, LONDON: The EU Emissions Trading System II – the EU’s new carbon market designed to cut emissions across road transport, buildings and small industries – is set to launch in 2027. BloombergNEF’s (BNEF’s) EU ETS II Market Outlook forecasts that carbon prices could surge to €149 per metric ton ($156/t) by 2030 […]
Brazil Requires Over $6 Trillion in Energy Investment by 2050 to Reach Net Zero, According to BloombergNEF
New Energy Outlook: Brazil details the decarbonization pathways for Brazil’s energy transition to 2050 Brazil requires multiple technology pathways to reach net zero, including electrification, carbon capture, hydrogen, bioenergy and clean power BNEF sees electrification as the key driver of carbon abatement, mainly in road transport and in hard-to-abate industries Sao Paulo, February 20, 2025 […]
New Study Shows American Sustainable Energy Technologies Are Ready to Meet Increasing Energy Demand
Thirteenth annual edition of the Sustainable Energy in America Factbook highlights national data on the U.S. energy expansion in 2024 Washington, D.C, 20 Feb 2025. – In 2024, U.S. power generation reached its highest volume in two decades, driven by growth in renewable energy technologies and by stable natural gas generation capacity. These energy growth […]
Global Cost of Renewables to Continue Falling in 2025 as China Extends Manufacturing Lead: BloombergNEF
New York/ London, February 6, 2025 – The cost of clean power technologies such as wind, solar and battery technologies are expected to fall further by 2-11% in 2025, breaking last year’s record. According to a latest report by research provider BloombergNEF (BNEF), new wind and solar farms are already undercutting new coal and gas […]
Global Investment in the Energy Transition Exceeded $2 Trillion for the First Time in 2024, According to BloombergNEF Report
BloombergNEF’s Energy Transition Investment Trends 2025 finds that investment in the energy transition is higher than ever, but growth has slowed China invested most and drove the majority of the growth in 2024, eclipsing the US, the EU, and the UK Investment in mature technologies is growing globally, while investment in emerging technologies is struggling […]
Vietnam’s 2050 Net-Zero Target Represents a $2.4 Trillion Opportunity: BloombergNEF
• BNEF’s Net-Zero Transition: Opportunities for Vietnam report indicates that decarbonizing electricity supply is key to the country staying on track for the Paris Agreement’s goal • More than $2.4 trillion in investment and spending is required by 2050 in a net-zero pathway, 54% more than in an economics-led transition • Solar and wind generation […]
Significant Investment Needed to Ready the Global Power Grid for Net Zero: BloombergNEF report
London, 12 December 2024 – In order to keep up with the energy transition, the world’s power grids will require significant investment and new mileage between now and 2050. According to BloombergNEF’s (BNEF) New Energy Outlook 2024: Grids report, an annual investment of $811 billion by 2030 will be required under BNEF’s Net Zero Scenario […]
Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour: BloombergNEF
New York, December 10, 2024 – Battery prices saw their biggest annual drop since 2017. Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour, according to analysis by research provider BloombergNEF (BNEF). Factors driving the decline include cell manufacturing overcapacity, economies of scale, low metal and component prices, […]