Picture of the Week: Speed of change around #energytransition is accelerating. Last year the @IEA projected that #renewableenergy installations would be 1800GW over the next five years. Now they are saying that it will be 2,400GW which is the installed capacity of #China. 
Why is the #energytransition accelerating:
1. Geopolitics - #Ukrainian crisis has forced #Europe to accelerate #decarbonization. It has also been a wake up call for #China who is a huge #energy importer.
1. Geopolitics - #Ukrainian crisis has forced #Europe to accelerate #decarbonization. It has also been a wake up call for #China who is a huge #energy importer.
Why is the #energytransition accelerating:
2. Opportunity - #EVs, #batteries, #heatpumps and #Solar are multi-billion dollar markets growing at circa 40% per annum and are attracting the best entrepreneurs and businesses across the world
2. Opportunity - #EVs, #batteries, #heatpumps and #Solar are multi-billion dollar markets growing at circa 40% per annum and are attracting the best entrepreneurs and businesses across the world
Why is the #energytransition accelerating:
3. Innovation - the speed of #innovation be that technical or business model is unbelievable in all things #energy which in turn is driving down costs, improving performance and accelerating customer usage
3. Innovation - the speed of #innovation be that technical or business model is unbelievable in all things #energy which in turn is driving down costs, improving performance and accelerating customer usage
Why is the #energytransition accelerating:
4. Regulations - governments such as the US are recognising the importance of the energy transition and are responding with support programmes such as the #inflationreductionact which will push adoption and production of #cleanenergy
4. Regulations - governments such as the US are recognising the importance of the energy transition and are responding with support programmes such as the #inflationreductionact which will push adoption and production of #cleanenergy
Why is the #energytransition accelerating:
5. Competition - the primary driver of change has always been #competition. It is #China and #India against #EU, #Japan, and the #US. It is new innovative businesses such as #Tesla and #BYD against #Ford and #Mercedes.
5. Competition - the primary driver of change has always been #competition. It is #China and #India against #EU, #Japan, and the #US. It is new innovative businesses such as #Tesla and #BYD against #Ford and #Mercedes.
Bottom line is #EnergyTransition is happenning faster that most people can imagine…
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