Capitalizing on Financial Opportunities as Solar, Battery and Related Storage Manufacturing Soars

Capitalizing on Financial Opportunities as Solar, Battery and Related Storage Manufacturing Soars

Pelican has witnessed a significant increase in clean technology projects spanning waste recycling, clean energy storage, and solar sectors. Notably, clean energy storage has emerged as a trending area, particularly in the People’s Republic of China (PRC). This surge is attributed to the growing demand for redistributing clean and conventional energy from regions with surplus to those with scarcity, which is greatly supported by national policy.

The recent International Energy Agency (IEA) analysis has also highlighted the rapid growth in clean-tech manufacturing. Solar and battery production capacities are now on track to meet the 2030 milestones for net zero CO2 emissions by 2050. Solar capacity has already reached levels consistent with net zero by the end of 2022, while battery-making capacity has skyrocketed from 6% to 97% of net zero levels since 2021. The IEA also reported significant growth in electrolyzer capacity, increasing from 4% to nearly 60%. However, wind and heat pump capacities still need to catch up, as they are growing more slowly.

This growth presents several opportunities and benefits for businesses, investors, and economies globally.

Key insights from the growth of clean-tech manufacturing include:

  1. Investment Opportunities: The expansion of solar, battery and related storage manufacturing offers attractive investment prospects in these sectors, driving competitive advantages and future growth.
  2. New ESG Funds: A growing number of ESG funds are being set up to invest in companies with positive environmental, social, and governance (ESG) performance and short companies with negative ESG performance.
  3. Economies of Scale: Increased production capacity leads to lower production costs and more competitive pricing, making clean energy solutions more accessible to a wider market.
  4. Job Creation: The clean energy sector has the potential to generate numerous job opportunities, contributing to economic growth and the transition to a low-carbon economy.
  5. Risk Mitigation: Investors can diversify their portfolios and hedge against risks associated with traditional energy sources, such as fossil fuels.
  6. Long-term Benefits: Investing in clean energy technologies can lead to long-term financial gains as the global transition to a low-carbon economy gains momentum.
  7. Carbon Credits: Carbon credits have emerged as a significant byproduct of the clean-tech energy surge, further incentivizing businesses to adopt environmentally friendly practices.

To maintain the momentum and support the continued growth of clean energy technologies, it is essential to foster innovation and collaboration. This will accelerate the transition to a net zero world and seize the financial opportunities that emerge from this transformative shift.

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Capitalizing on Financial Opportunities as Solar, Battery and Related Storage Manufacturing Soars
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