Japan Turns to Hydrogen to Diversify Energy Sources
According to a report by the New Energy and Industrial Technology Development Organization, the hydrogen market in Japan is set to expand to 1 trillion yen ($9.8billion) by 2030 and 8 trillion yen by 2050. The report notes that Japan has the largest number of applications for patents related for hydrogen fuel cells. The findings come as the Asian nation seeks to diversify its energy sources following the shutdown of its atomic reactors brought about by the 2011 Fukushima incident.
New Battery That Hold 7 Times More Energy
A research team at the University of Tokyo School of Engineering announced a new lithium ion battery that can hold 2,570 watt-hours per kilogram, which is seven times more than lithium ion batteries that are currently in the market. The team, led by Professor Noritaka Mizuno, added cobalt to the lithium oxide crystal structure of the positive electrode, which promotes the creation of oxides and peroxides during the charging and discharging cycle. Another benefit is faster recharge times.
Brazil’s Solar Power Auction Draws 10.8 GW of Interest
Solar energy developers applied to sell power from 400 power plants in Brazil’s first national energy auction with a specific category for PV projects. The solar projects amounted to a total capacity of 10.79 GW says energy research agency Empresa de Pesquisa Energetica. Developers also posted 626 proposed wind farms and eight biogas projects for the Oct. 31 auction. Brazil is blessed with strong sunlight, with an average irradiation that is almost double that of Germany, the world’s number one in terms of installed solar capacity.
SMA Solar to Cut 600 More Jobs Due to Weak Demand
SMA Solar Technology AG, Germany’s largest solar company, said that it may lose as much as 45 million euros this year mainly due to weak demand in the solar industry. The company will fire 600 more workers in its bid to reduce cost to counter falling sales in Europe. The company, which earlier forecasted profits of as much s 20 million euros, now anticipate to only break even at best. Shares have already dropped the most in seven months.