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GlobalData
GlobalData

Power

Augmented reality will soon become a gamechanger in the energy sector as it brings significant cost and time savings, says GlobalData

As augmented reality (AR) technology continues to improve, it will become a gamechanger for utilities companies, bringing them significant cost and time savings.  As a result of this, it continues to be a source of investment for companies in the energy and utilities sector, says GlobalData. The leading data and analytics company notes that AR […]
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APAC to lead global battery energy storage market with 68% value share through 2026, forecasts GlobalData

The Asia-Pacific (APAC) region is set to lead the global battery energy storage market, accounting for 68% of the global market value, through 2026. China, Japan, India, South Korea and Australia will propel the regional market, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Battery Energy Storage Market Size, Share and Trends […]
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Slovakia’s energy supply will continue to depend on Nuclear power which is set to account for 65% of the country’s electricity needs by 2035, says GlobalData

Nuclear power, which currently accounts for over 50% of Slovakia’s total power generation will maintain its dominance of the country’s energy mix over the next decade, as it continues to be a net importer of electricity and thermal fuels, according to GlobalData. The leading data and analytics company expects nuclear power to account for 64.9% […]
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Green hydrogen has potential to be a game changer for the power industry, says GlobalData

Hydrogen’s noteworthy contribution to clean energy transitions makes it a game changer for the power industry, says GlobalData. The leading data and analytics company notes that the power industry can leverage hydrogen’s potential as a cleaner burning alternative to conventional fuels in the evolving hydrogen economy. GlobalData’s report, ‘Hydrogen in Power – Thematic Research’, notes […]
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Rooftop solar installation price rise only temporary, says GlobalData

Those striving to improve their carbon footprint by installing rooftop solar panels during the pandemic missed out on what has been over a decade-long annual price drop, according to GlobalData. The leading data and analytics company found that the price of panel systems dropped every year between 2013 and 2020, after which COVID-19-related supply chain […]
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German electric vehicles market must grow at a CAGR of 35% to hit country’s goal of 15 million EVs by 2030, says GlobalData

Germany’s goal of putting 15 million battery electric vehicles (BEVs) on the road by 2030 is currently behind schedule as the global automotive industry struggles to procure key components such as microchips and the basic raw materials used in the manufacture of high voltage batteries including the elements lithium, nickel and cobalt. To reach this […]
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Power sector top M&A legal advisers in 2021 were Herbert Smith Freehills by value and Watson Farley & Williams by volume, finds GlobalData

Herbert Smith Freehills and Watson Farley & Williams were the top mergers and acquisitions (M&A) legal advisers in the power sector in 2021 by value and volume, respectively. Herbert Smith Freehills advised on 22 deals worth US$35.1 billion and Watson Farley & Williams advised on 43 deals worth US$1.9 billion, according to GlobalData, a leading […]
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