This was a report from the International Renewable Energy Agency. The agency predicts that by 2030 the solar PV capacity will be nine times what it was way back in 2013, and wind power will also increase five-fold. The sales of electric vehicles (EV) rose to 128% since 2012, even though electric vehicles made less than 1% of the total U.S. vehicle sales in the year 2014. With a rise in electric vehicles’ sales, the plug-in market is predicted to grow between 14.7- 18.6% annually through to 2024.
The significant rise in the opt for renewables is vast because of concerns about climate change and energy security, rising retail electricity costs, governmental incentives for renewable energy, and batteries’ reduced prices. The growth in EV sales affects the economies of scale in battery manufacturing industries, which are in-turn reducing prices.
Batteries convert electricity into potential chemical energy for storage, and then it transforms back into electrical energy when required.
The batteries can perform various functions at specific points along the electric grid. In solar PV or wind turbines, the batteries can even out the energy flow variability and store excess energy when the demand is low and release it when the demand becomes high again.
Bu hikaye Industry Leaders dergisinin December 2020 sayısından alınmıştır.
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Bu hikaye Industry Leaders dergisinin December 2020 sayısından alınmıştır.
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Architects Pick Their Favorite Building Material
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IRS AND JUSTICE DEPARTMENT INVESTIGATING CRYPTO EXCHANGE BINANCE
Singapore-based Binance was co-founded in 2017 by Changpeng Zhao, and is the largest cryptocurrency exchange in the world. The US Commodity Futures Trading Commission (CFTC) is probing money laundering and tax-related offenses on the platform by any US citizen. They are investigating whether any illegal trading of derivatives linked to digital tokens was done. The United States residents can only purchase these kinds of products from firms registered with the CFTC.
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In a post-COVID-19 world, the role of Mergers and Acquisitions (M&A) will be redefined. Companies striving to defend their existing markets and accelerate recovery are looking at a wide range of strategies such as alliances and partnerships. In addition, deal-makings now have to reflect the new environmental and societal priorities of the post-crisis world, which include making organic changes like going virtual, remote collaborations, and potentially less inperson networking.
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GOOGLE PLANS TO BUILD A COMMERCIAL QUANTUM COMPUTER BY 2029
Google is confident it can build a commercial-grade quantum computer by 2029. The search engine giant’s chief executive Sundar Pichai announced the plan to build a quantum computer during the Google I/O stream. To follow through on this ambitious journey is an important milestone in the form of a new Quantum AI campus in Santa Barbara, California, where Google engineers and scientists will be hard to work to build the world’s first commercial quantum computer.
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The dream of space tourism is alive and well.
2021 SEMICONDUCTOR CHIP SHORTAGE
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