renewable energy the way forward - energy storage companies

The rapid growth of renewable energy has become a foregone (RE)
Can not ignore.
Today, it accounts for about 3% of global energy demand,scale hydro-electricity.
Of course, fossil fuels still meet most of our needs.
Nevertheless, it is undeniable that the growth of RE is also growing as it investment grows.
As the government hits carbon emissions and consumers turn to cleaner alternatives such as solar, wind and electric vehicles, it doesn't seem to be just a trend-it could be a major shift in the world's energy consumption, the big boy began to invest.
For example, BP has the largest renewable energy business in its oil and gas (O&G)peers.
In Brazil, the company operates three bioethanol plants with a nameplate capacity of 10 million tons per year.
One of the top winds-
Energy producers in the United States.
As of December 31, 2016, the company operated 14 wind farms directly in eight states in the United States and operated a separate facility in Hawaii.
Its net share of wind power in the United States in 2016 was 4, 389GWh.
Statoil invested in offshore wind power and France's Total Company acquired solar power.
Wind and solar, in particular, are changing the energy market completely.
Wood Mackenzie, a global energy, metals and mining consultancy, said the reasons for the oil giant to establish its position as a renewable energy source are becoming increasingly compelling.
While it may now be a niche energy market, renewable energy will become bigger in the next decade as O & G demand growth slows.
"The value proposition is also competitive compared to some upstream investments because of the long term
"Living cash flow is a key attraction," it added . ".
It points out that the oil giant has taken the first step in moving its core O & G business to wind, solar and energy storage.
However, most people are still weighing options and have not yet made clear strategic initiatives in the field of renewable energy.
A potential turning point towards wind and solar energy could be the expected decline in professional oil and gas production.
Although it will not substantially change its professional portfolio for decades, investment in renewable energy offers a huge opportunity.
"At the current cost, obtain the same market share as the professional company in the upstream O & G (12%)
By 2035, investment in wind and solar energy will cost US dollars.
While this may seem like an unlikely scenario, renewable energy could account for more than one
The total capital allocation of the most active players after the fifth
2030, "says Wood McKenzie.
At present, most oil giants have avoided significant investment in renewable energy.
High costs, unreliable subsidies, and whether there is really a future are one of the reasons.
But now, for technical reasons, the oil giant is rethinking as RE costs begin to fall.
In the past five years, the cost of solar energy has been almost halved.
Of course, it will take a long time for RE to occupy a meaningful part of the total production of energy companies.
Nevertheless, it is clear that fossil fuel investment is no longer as attractive as it was before.
Large energy companies were forced to delay due to a severe fall in oil and gas prices
Long-term and expensive projects like deep water drilling.
For all organizations of the Petroleum Exporting Countries (Opec)
To support oil prices, there is a bigger problem-the growth of American shale.
The revolution depressed the price of O & G.
That's how fast-
S. crude oil production growth has been the biggest factor in the current oversupply.
That is why OPEC's initial strategy was the main reason to try to increase production at the end of 2014.
The Company believes that the fall in oil prices will lead to the death of shale producers, the acceleration of bankruptcy, and lead to partial production shutdown.
It was right for a while.
However, this is just a moment.
After Brent and WTI crude prices bottomed out in early 2016, US oil producers responded to higher oil prices by increasing production-but fewer rigs.
As a result, OPEC's quota does not seem to kill the shale revolution, but rather usher in a new era-an era designed to reduce production costs but increase productivity significantly. As of mid-
In June, the United States produced 9.
4 million barrels per day (mbpd)
It's under nine.
Mbpd peaked two years ago.
However, in less than half of the rigs used in 2015, it is doing so.
Fisher MarketMinder said that in 2015, 1,600 rigs were needed to produce 9 rigs. 6 mbpd.
Now, 9 spend less than 800. 4 mbpd.
The cost is also falling.
In 2015, producers fell about $1 in exploration and production investment.
The price is now $72.
With rig and investment on the rise, it is unlikely that the US will soon give up its new producer status.
Wood Mackenzie has begun to predict a "carbon limit" situation in which oil demand peaked by 2030 and oil demand "hardened" as investor confidence in carbon
"In this case, the company estimates that solar and wind energy can make up for nearly one --
By the quarter of 2035, the global electricity market.
Wood Mackenzie also said that by 2035, RE will earn nearly three times as much as U. S. shale gas.
At present, many energy companies including PetrobrasPetronas)
Natural gas is considered a cleaner fossil fuel.
This is another stubborn fact.