Senior Analyst with the Energy Storage team at Wood Mackenzie Power & Renewables, Rory McCarthy joins us to unpack the global energy storage market.
We discuss opportunities and challenges facing the market, how the UK is becoming a leader in the space, and why a recent Wood Mackenzie report expects the industry to expand 13-fold by 2024, with investment growing six-fold to a total of $71 billion.
After a record-breaking year in 2018, featuring 140% year-on-year growth, and system costs continuing to fall-- and that seems like just the beginning for the global energy storage market. With global initiative around renewables and decarbonizing markets strengthening, now is the time to get familiarized with this burgeoning industry.
Tlou's Managing Director, Mr Tony Gilby said “The Company will now progress with additional work on the ground to deliver a Gas-to-Power solution that can bring significant benefits to the country and to our shareholders. I look forward to updating the market as we continue to develop the project."
Tone Goh, Executive Chairman of GST, commented: "The Company is delighted to have signed this LOI with SIAM. SIAM are one of Thailand's leading business groups and we look forward to working with them to progress this planned data centre project.”
Five financial stories, trending today in a 60 second podcast, including: Google has barred phone maker Huawei off from receiving some updates to the Android operating system, dealing a blow to the Chinese firm and their new smartphones will also lose access to popular Google apps. The move comes after the Trump administration added Huawei to a list of companies that American firms cannot trade with unless they have a licence.
On today's podcast: Glen Goodman author of, "The Crypto Trader", talks about the recent rise, fall and rise again of Bitcoin. Russ Mould covers Stock Spirits, Nichols & Vodafone. Alan Green talks about: Cadence Minerals, RA International & BigDish.
SP Angel research note on commodities and miners, featuring: Anglo Asian Mining* (AAZ LN) BUY – 126p – Earnings update African Battery Metals* (ABM LN) – Kisinka copper-cobalt project field programme completed BlueRock Diamonds* (BRD LN) – Funding raised to implement new mine plan Pan African Resources (PAF LN) – Q3 results on track to meet guidance of 170,000oz of gold production