In our week 44/2024 update, key developments in renewable energy and e-mobility reflect Codibly’s commitment to interoperability and software solutions. Tesla’s energy storage growth, Volkswagen’s restructuring, and SolarEdge’s new demand response model showcase industry shifts. The IEA projects a $2 trillion clean tech market by 2035, while the $700 billion value in 2023 alone underscores rapid growth. Join us in exploring the role of standards like OpenADR and protocols essential for future-ready energy solutions.

 

Check out the video below for a quick overview of all the insights:

Stay updated with Codibly’s latest insights in renewable energy and e-mobility! This week, we’re focusing on pivotal advancements that align with our strengths in interoperability, software solutions, and EV infrastructure:

  • Tesla to double energy storage deployments in 2024 – Tesla’s focus on scaling energy storage capacity through its Megapack systems reflects rising demand from utilities and commercial clients, accelerating grid resilience and storage solutions.
  • IEA projects a $2 trillion clean tech market by 2035 – According to the Energy Technology Perspectives 2024 report, the global clean technology market, including solar, EVs, and batteries, is set to triple. This shift emphasizes the importance of investments in renewable infrastructure and tech-driven energy solutions.
  • Volkswagen to restructure, closing German factories – Volkswagen’s decision to streamline operations by closing multiple plants highlights the shift towards efficient, cost-effective production in the e-mobility sector.
  • SolarEdge and Frank Energie introduce demand response model – This model enables Dutch homeowners to manage energy costs and earnings by integrating SolarEdge’s software with real-time electricity market signals, advancing energy savings and smart grid integration.
  • 🔢 Number of the Week: $700 Billion – In 2023, the clean energy market reached a value of $700 billion, a fourfold increase since 2015, underscoring rapid growth across renewable energy technologies.
  • Join our upcoming webinar – Codibly’s Spencer Borison and Bruce Nordman from Berkeley Lab will discuss the future of OpenADR 3.0 in standardizing grid communication. Don’t miss it on November 7, 2024 — secure your spot on our LinkedIn!

Let’s continue advancing interoperability, OpenADR and other standards and EV charging solutions to power a sustainable future!