Investment Analyst – Batteriespeichersysteme (BESS)

Discover some of the key emerging sources of renewable energy. Whilst significant progress has been made towards reducing carbon emissions. The question remains, what more can we do?

The renewable energy sector is set to create 42 million jobs by 2050, driven by transformative growth with energy storage playing a crucial role in meeting global power demands. As the industry anticipates that 30% of the world’s energy will be renewable by 2024, the demand for talent with innovative skills to navigate new technologies and ensure safety is intensifying.

In a $2.6 billion deal Iberdrola is set to acquire full ownership of Avangrid, its publicly-traded American subsidiary, approved by both companies’ boards this month, according to a news release on Friday. Iberdrola, which currently owns 81.6% of Avangrid, will buy the remaining 18.4% for $35.75 per share.

For climate tech startups, the fruition of the Inflation Reduction Act (IRA) is becoming increasingly apparent.

Enacted into law by President Joe Biden in August 2022, the IRA has earmarked an impressive $400 billion in federal funding dedicated to propelling clean energy projects.

This commitment aligns with the ambitious goal of the United States to achieve a substantial 40% reduction in economy-wide greenhouse gas emissions by 2030.

A remarkable upturn is occurring within the startup landscape as they begin to benefit.

Labelled the 'Centre of Excellence' for offshore wind - the facility will speed up reliable and fair offshore wind energy deployment and produce a well-educated domestic workforce.

Despite challenges, such as contract terminations and economic uncertainty in 2023, there was significant growth in offshore wind capacity and infrastructure development.