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Fog and the future: Navigating the challenges of renewable energy!
Fog is an enemy of renewable energies as it means little to no sunshine and wind. This highlights a new challenge — renewable energies are a less constant source of power compared to fossil fuels. Therefore, energy storage has to increase dramatically, be it in the form of batteries, hydrogen or other technologies. Energy storage solutions have come a long way thanks to improved technology and therefore offer more attractive economics. But the best is yet to come. Many current projects for ‘utility scale batteries/energy storage’ are only viable for short-term storage, usually up to four hours. The costs increase exponentially after four hours as battery technology is not yet efficient enough for time horizons beyond that. Longer-term energy storage solutions that use hydrogen, such as hydro-pumped storage power plants, are much more promising.
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Other facts about the energy transition
Fact 01
Fact 02
Unleashing the green hydrogen revolution!
Fact 03
The world’s largest wind turbine is taller than the Eiffel Tower!
Fact 04
The EV market still has a lot of room to grow!
Fact 05
The ‘engine’ of an EV is a sophisticated assembly of many power semiconductors.
Fact 06
Powering the shift: Investment in global clean energy takes the lead!
Fact 07
Heat pumps provide heat in the winter and offer cooling in the summer!
Fact 08
Today solar is one of the cheapest sources of power generation!
Fact 09
Fog poses a challenge to renewable energies by reducing sunlight and wind!
Fact 10
The world's most ambitious solar project has a transmission line of 4,500 km.
Fact 11
Fossil fuel subsidies have risen despite the renewable energy surge!
Important information
This information is for informational purposes only and should not be construed as an offer to sell or an invitation to buy any securities or products, nor as investment advice or recommendation. The contents of this document have not been reviewed by the Monetary Authority of Singapore (“MAS”). Robeco Singapore Private Limited holds a capital markets services license for fund management issued by the MAS and is subject to certain clientele restrictions under such license. An investment will involve a high degree of risk, and you should consider carefully whether an investment is suitable for you.
