Between 2025 and 2030, the world is expected to build nearly 4,600 gigawatts — or 4.6 terawatts, if you please — of clean power, according to a new report from the International Energy Agency.
That’s nearly double the amount built over the previous five-year period, which was in turn more than double the amount built across the five years before that. Put differently, the growth has essentially been exponential.
Solar is the driving force behind this expansion, which is key to transitioning the world away from planet-warming fossil fuels. It accounts for more than three-quarters of the expected increase in renewables between 2025 and 2030 — the result, IEA says, of not only low equipment costs but also solid permitting rules and a broad social acceptance of the tech.
This solar boom will be almost equally split between utility-scale installations and distributed projects, meaning panels atop roofs or shade structures in parking lots, for example. Just over 2 TW of large-scale projects will be built compared to 1.5 TW of the smaller, distributed stuff, IEA predicts. The latter category is increasingly popular both in countries with rising electricity rates and in places with unreliable grids, like Pakistan, where residents are taking refuge in the affordable and stable nature of the tech.
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German companies Daimler Truck and Hamburger Hafen und Logistik (HHLA) have signed a memorandum of understanding (MoU) with Japanese Kawasaki Heavy Industries to explore the development of a green liquid hydrogen supply chain via the Port of Hamburg to the European hinterland.
As disclosed, the partnership intends to enable the import of liquid hydrogen from hydrogen-producing countries to Germany. Over the coming months, the companies are expected to assess the logistical requirements for transshipment and onward transport by road and rail.
Andreas Gorbach, Member of the Board of Management, Daimler Truck, and Head of Truck Technology, said: “Europe will continue to rely on green energy imports in the future and hydrogen will play a key role here. The partnership is an important step in this direction, and we will need more initiatives like this to strengthen Europe’s position as a leader in liquid hydrogen. What makes it special is that our Mercedes-Benz GenH2 Truck can not only be powered by liquid green hydrogen – the truck can also transport it via road. And the best thing about it: Hydrogen allows us to increase the speed of decarbonization – and reduce the scope and cost of the already slow expansion of the power grid.”
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