London South East | The UK's favourite investor portal.

And Safetell's website has just put another four new articles on automatic doors at the top of its "Insights" section:-

"Insights

Keep up to date on our product news, business announcements and industry-related content on how to effectively and efficiently secure and maintain your organisation."

http://www.safetell.co.uk/insights/

"Automatic Door Not Opening

11 January, 2024

An automatic door not opening can be a particular headache limiting access to your building. Wear and tear, accidents, weather and the passage of time can all take their toll on your automatic doors. They may develop problems that interfere with their operation. ..."

http://www.safetell.co.uk/insights/automatic-door-not-opening/

"Commercial Door Repair Service

11 January, 2024

... Some of the operational issues to look out for include:

• Slow or inconsistent operation ...

• Noisy operation ...

• Safety Sensor Failures

• Worn or Damaged Component

• Control Panel Malfunction

• Faulty Wiring

• Physical Damage ..."

http://www.safetell.co.uk/insights/commercial-door-repair-service/

"What is BS EN 16005?

12 January, 2024

BS EN 16005 is a set of guidelines that have been developed to ensure the safe installation and operation of powered pedestrian and commercial doors. ...

Regular automatic door maintenance should be carried out to ensure that they operate safely and efficiently. BS EN 16005 must be complied with in full to ensure legal obligations are met and the safety of users is assured. ..."

http://www.safetell.co.uk/insights/what-is-bs-en-16005/

"Automatic Door Installation

12 January, 2024

Do you need an automatic door installation service? Call Safetell now to see how we can offer packages of exceptional value for money – something that gives us an edge over our competitors. ..."

http://www.safetell.co.uk/insights/automatic-door-installation/

"Why It’s Great To Invest In Human Capital Management Solutions

... Lastly, the HCM solution industry does not face overcapacity, unlike many other industries. The number of providers is still limited, so demand elasticity is low. There are few substitutes, and competitors maintain product differentiation. Publicly traded companies enjoy much higher demand, propelled by their popularity and huge market presence.

All these three factors contribute to the sustained growth and expansion of HCM solution companies. As inflation decelerates, you can expect higher revenues with manageable costs and expenses. ...

Pecking Orders

As for pecking orders, these are our top stock picks in the HCM industry. ...

Concerning fundamentals, Paychex (PAYX) appears to be the optimal choice. It has a decent revenue growth of 5.9%. ...

Its operating leverage decreased from 50% to 48%, showing better management of variable costs. Indeed, the company keeps efficient asset management to cope with cost pressures.

Automatic Data Processing, or ADP, ranks second. This firm is one of the largest publicly traded HCM solutions companies.

Growth appears relatively limited lately, but it capitalizes on business expansion, matched with efficiency to generate more sales ...

Paycom (PAYC) is our third pick. It is the smallest company among the three, but its expansion in recent years helped it go head-to-head with much larger firms.

Its operating revenue is still quite lower than the other two, but the 27% YoY growth is remarkable. ...

As for sustainability, all three companies show very high liquidity levels. The low and negative Net Debt/EBITDA Ratio indicates adequate cash reserves and impeccable core earnings. These are enough to cover all its borrowings. These companies can cover all borrowings in less than a year.

Concerning their valuation, all stocks appear to be much cheaper than their five-year average. PAYC had the most notable decrease in PE Ratio for five years. However, PAYX remains the most affordable among the three. Its difference from ADP is still very low, though.

Lastly, if we analyze the stock price movements over the past decade, all three stocks had double-digit annual returns. They even exceeded the S&P (SPX) average, which their lower sensitivity to macroeconomic shocks can drive. ...

Bottomline

Human capital management, or HCM solutions, are becoming more popular today as the digital revolution peaks. Companies capitalize on them to enhance efficiency, reduce employee turnover, and generate more earnings.

So, it’s no wonder the HCM industry is expanding with sustained revenue growth ..."

https://uk.advfn.com/newspaper/advfnnews/72904/why-it-s-great-to-invest-in-human-capital-management-solutions

"Why It’s Great To Invest In Human Capital Management Solutions

By ADVFN NEWS

PUBLISHED: 15 Jan 2024 @ 09:43

The severity of the COVID-19 pandemic was unexpected, prompting government leaders to impose hard lockdowns globally. It limited business transactions and capacity, which led to massive losses and sudden shutdowns. It took quite some time for businesses to recover as restrictions eased.

Even so, it has regained its footing as many companies reopened and rehired employees.

On a lighter note, these unprecedented events opened many surprising business opportunities regardless of size. Many business owners realized their company could survive even if employees worked at home. This discovery led to the rise of remote work flexibility. And even if many businesses have already implemented return-to-office policies, hybrid work setup is now a popular trend.

Amid all these, human capital management (HCM) solutions have become a staple for most companies. Entrepreneurs heavily rely on HCM’s functionalities to enhance efficiency and precision.

Unsurprisingly, many SMEs, startups, and large corporations are investing in HCMs, and many investors are drawn to HCM stocks. As such, this article will explain why it’s cool to invest in HCM stocks and list down the best companies for dividends and value. ...

Why HCM Solutions Are Business Staples

The pandemic prompted many businesses to operate at a limited capacity. But it was also a pleasant surprise for many employees as it allowed them to work from home. However, it did come with particular challenges.

For instance, business owners had to ensure employee productivity despite lower monitoring capacity. And even employee monitoring software could not do everything at times. Payroll management and workflow optimization have also become challenges they had to address.

Even so, the gradual economic recovery and government support allowed the business sector to rebound. And even if restrictions have already eased, employers and employees still favor hybrid work. ...

Why Investors Must Consider HCM Solution Stocks

HCM solution stocks are attractive today, given the high preference for hybrid and remote work setups. HCM solution companies enjoy high demand as the digital revolution continues to peak.

These solutions are transforming the labor market. They are crucial for boosting employee retention and ensuring efficient payroll and workflow management in the era of hybrid work.

In addition, remote work is deeply tied to high travel demand. The pent-up demand in the industry remains high and is poised to fully recover in 2024. Winter and spring travel expectations are still rosy, even if the autumn hype has already ebbed. ..."

https://uk.advfn.com/newspaper/advfnnews/72904/why-it-s-great-to-invest-in-human-capital-management-solutions

I believe that NWT pre-tax profit of up to c. £2M. for its current year could-should be possible, weighted more to H2.

Here are some useful indicators:-

From NWT's latest Investor Meet Company presentation video, 26th. September 2023, Questions & Answers segment:-

Q1: Can we expect the growth in ARR in HCM to continue to grow as a % of sales

A1: "Yes, definitely, that's the key part of our strategy is to get a higher proportion. Obviously we want to grow hardware revenues, but also those service revenues that have higher margins, and that's our key strategy. And as Marie Claire has said before, we're now selling those high margin services to most of our customers. So that IS driving growth."

Q4: When do you expect Safetell to break even?

A4: "We don't have forecasts out there, but anticipation in this year."

Q5: Do you expect to add new HCM software partners in the US as customers in FY 2024? Is Paychex already a customer?

A5: "We're continuing to onboard customers. We've onboarded a couple of new customers this year, and that's part of our growth project. And we're speaking with Paychex on a regular basis."

Q6: You are now nearly 5 months into FY24. How is the company doing compared to H1 FY23 especially wrt to UKG replacement ?

A6: "We've had a strong first five months of the year, and to the targets we've set - we're overachieving those, and we're very excited about this. And we're looking to replace the UKG contract. We're working with a number of software partners at the moment; and also not just with hardware sales, with our service sales as well, which has a greater margin. So we're in line to do that."

https://www.investormeetcompany.com/

From NWT's first 31.10.23 RNS:-

31st Oct 2023 7:00 am RNS AGM Statement

" ... "Last year was a period of significant progress across both businesses, culminating in the Group returning to full-year profitability. As we close the first half of the current financial year, I'm pleased to report that the momentum has continued. New clients and contracts have been won across both businesses ...

... Grosvenor has seen an excellent performance across its Human Capital Management business lines. This has included the onboarding of new clients and displacing its competition, growing its subscription numbers by c.13% ...

"The Board notes that due to the timing of new contracts and orders, it expects revenue for the current financial year to be predominantly weighted to the second half. Importantly, we have adequate financial resources in place to deliver on our plans. ..." ..."

https://www.lse.co.uk/rns/NWT/agm-statement-hupzhufl06ll125.html

And some take-outs from myself:-

• If Safetell breaks even + in its current year, as indicated, this improvement should contribute a £685K.+ improvement to NWT's current year pre-tax profit.

• HCM ARR of up to c. £3M. in April 2024 seems achievable, at a very high margin.

The shell BWN suspended for a RTO just before Christmas, with the RTO being priced at a significant premium to BWN's s.p., and at multiples of BWN's IPO float price and cash:-

22nd Dec 2023 7:41 am RNS Proposed Acquisition and Suspension of Trading

"Proposed Acquisition and Temporary Suspension of Trading in the Company's Ordinary Shares

Bowen (LSE: BWN), a special purpose acquisition company formed to acquire businesses in the technology innovations sector with a focus on the financial services industry, is pleased to announce that it has signed conditional, non-legally binding heads of terms to acquire 93.49 per cent of the issued share capital of MINNADEOOYASAN-HANBAI Co., Ltd ("MOH") ("Acquisition").

About MOH

MOH is a leading crowdfunding services platform in Japan and solution provider for investors seeking returns from investment into real estate. ...

MOH is profitable, reporting EBITDA of JPY 519 million (c. £3.2 million) on revenues of JPY 5.6 billion (c. £34.3 million) in the year to 31 March 2023. In the six-month period to 30 September 2023, MOH management accounts reported (unaudited) EBITDA of JPY 2.1 billion (c. £11.6 million) on revenues of JPY 4.9 billion (c. £27.8 million). Unaudited net assets as at 30 September 2023 were JPY 4.8 billion (c. £26.4 million).

The directors of MOH are of the opinion that a listing by way of a reverse takeover of Bowen by MOH (the "Enlarged Group") will enhance its brand and profile in Japan and internationally, enable access to additional real estate portfolios internationally, thus diversifying risk, and access to fresh equity capital in the future to accelerate its growth strategy, particularly in the area of technology-related real estate.

The listing will also support MOH in attracting and retaining senior professionals both locally in Japan and internationally. Following the Acquisition, it is the intention of the Enlarged Group to grow its presence in the UK.

The Acquisition

The Company has entered into conditional, non-legally binding heads of terms with MOH and KBC to acquire 93.49 per cent of the issued share capital of MOH from KBC for a consideration of approximately £34.47 million to be satisfied through the issue of new ordinary shares of 1p each in the Company ("Ordinary Shares"), at a price of 15p per new Ordinary Share (the "Offer Price"). The Offer Price represents a premium of 25 per cent to the closing middle market price of 12p per Ordinary Share on 21 December 2023, being the closing middle market price the day prior to the release of this announcement. ...

It is currently anticipated by the directors of Bowen that on re-admission the market capitalisation of the Enlarged Group would be approximately £42.72 million, based on the Offer Price ..."

https://www.lse.co.uk/rns/BWN/proposed-acquisition-and-suspension-of-trading-qghyi71xia4nd10.html

22nd Dec 2023 7:41 am RNS Proposed Acquisition and Suspension of Trading

" ... The directors of MOH are of the opinion that a listing by way of a reverse takeover of Bowen by MOH (the "Enlarged Group") will enhance its brand and profile in Japan and internationally, enable access to additional real estate portfolios internationally, thus diversifying risk, and access to fresh equity capital in the future to accelerate its growth strategy, particularly in the area of technology-related real estate.

The listing will also support MOH in attracting and retaining senior professionals both locally in Japan and internationally. Following the Acquisition, it is the intention of the Enlarged Group to grow its presence in the UK.

The Acquisition

The Company has entered into conditional, non-legally binding heads of terms with MOH and KBC to acquire 93.49 per cent of the issued share capital of MOH from KBC for a consideration of approximately £34.47 million to be satisfied through the issue of new ordinary shares of 1p each in the Company ("Ordinary Shares"), at a price of 15p per new Ordinary Share (the "Offer Price"). The Offer Price represents a premium of 25 per cent to the closing middle market price of 12p per Ordinary Share on 21 December 2023, being the closing middle market price the day prior to the release of this announcement. ...

It is currently anticipated by the directors of Bowen that on re-admission the market capitalisation of the Enlarged Group would be approximately £42.72 million, based on the Offer Price, with KBC holding approximately 80.7 per cent of the issued share capital of the Enlarged Group and existing Bowen shareholders holding approximately 19.3 per cent of the issued share capital of the Enlarged Group.

Subject to review of the Enlarged Group's working capital, it is not intended that new capital will be raised as part of the Acquisition and re-admission. ..."

https://www.lse.co.uk/rns/BWN/proposed-acquisition-and-suspension-of-trading-qghyi71xia4nd10.html

22nd Dec 2023 7:41 am RNS Proposed Acquisition and Suspension of Trading

"Proposed Acquisition and Temporary Suspension of Trading in the Company's Ordinary Shares

Bowen (LSE: BWN), a special purpose acquisition company formed to acquire businesses in the technology innovations sector with a focus on the financial services industry, is pleased to announce that it has signed conditional, non-legally binding heads of terms to acquire 93.49 per cent of the issued share capital of MINNADEOOYASAN-HANBAI Co., Ltd ("MOH") ("Acquisition").

About MOH

MOH is a leading crowdfunding services platform in Japan and solution provider for investors seeking returns from investment into real estate. MOH was incorporated in 1998 with its head office in Tokyo, and is regulated under the Real Estate Specified Joint Venture Act. It commenced crowdfunding services in 2007.

In the last 16 years, MOH has arranged over JPY 217 billion (c. £1.3 billion) in capital raising from the Japanese market, with approximately JPY 62 billion (c. £378 million) raised in its financial year ending 31 March 2023.

MOH is majority owned by Kyosei Bank Co., Ltd ("KBC"), a privately owned company in Japan, and provides crowdfunding services to a property holding and management company within the same corporate group as KBC. This provides MOH with a proprietary pipeline of projects to facilitate funds for, and (where it has the resources to do so) occasionally MOH itself may participate in, the acquisition of land for development.

In addition to traditional real estate asset classes such as residential and commercial, MOH is seeking to facilitate funding for technology-driven commercial projects, such as cold-chain logistics facilities, state-of-the-art medical facilities and the revival of traditional cultural parks. MOH intends to participate in building cutting-edge cold-chain logistics infrastructure in Japan and expects to replicate this model in ASEAN countries and beyond in the future as part of its growth strategy.

MOH is profitable, reporting EBITDA of JPY 519 million (c. £3.2 million) on revenues of JPY 5.6 billion (c. £34.3 million) in the year to 31 March 2023. In the six-month period to 30 September 2023, MOH management accounts reported (unaudited) EBITDA of JPY 2.1 billion (c. £11.6 million) on revenues of JPY 4.9 billion (c. £27.8 million). Unaudited net assets as at 30 September 2023 were JPY 4.8 billion (c. £26.4 million). ..."

https://www.lse.co.uk/rns/BWN/proposed-acquisition-and-suspension-of-trading-qghyi71xia4nd10.html

AI (artificial intelligence) should be a key IT driver in 2024, so IT companies should highlight their exposure to this.

"The Year Ahead: Human Capital Management Industry’s Projected Outlook Remains Bright

Spotlight Growth - Thu Dec 28, 2023

... Chief Human Resource Officers (CHROs) are stating their plans for 2024 to include continued development of employee experience, as well as investment in AI ...

Lastly, the survey points to an increased priority to utilize technologies, such as AI, to help automate more HR processes and functions. 61% of CHROs surveyed said they are investing in AI to streamline HR. ...

Asure Software Stands To Benefit From These CHRO Priorities

Asure Software (NASDAQ: ASUR) is one such cloud-based human capital management service provider that stands to see continued benefits from overall growth in the industry. Throughout 2023, Asure has launched several new products and services specifically aimed at helping small and medium-sized businesses (SMBs) cut costs by streamlining operations, as well as improving employee retention and recruitment.

In partnership with companies like H&R Block (NYSE: HRB), Intuit (NASDAQ: INTU), Amazon’s (NASDAQ: AMZN) AWS, ZayZoon, Harbor Compliance, Lendio, and more, Asure has worked to deliver its SMB clients with a wide range of services across payroll & compliance, employee taxation, employee benefits & 401k, remote worker compliance & services, on-demand earned wage access, treasury compliance services, access to funding service providers and more.

During Asure’s recently-announced third-quarter financial results, the HCM provider reported a 34% y/y boost in revenues to $29.4 million. The company also beat its bottom-line estimates with an adjusted EBITDA of $6.2 million, which represented an improvement of $4.4 million in the third quarter of 2022. ..."

HTTP://www.theglobeandmail.com/investing/markets/stocks/AMZN-Q/pressreleases/22999650/the-year-ahead-human-capital-management-industrys-projected-outlook-remains-bright/

Asure Software (NASDAQ: ASUR), which is singled out in the above article, is one of the impressive range of software partners of Grosvenor Technology - which is a subsidiary of AIM-listed Newmark Security (NWT) - and both GT & NWT have AI articles on their websites:-

"The power of AI in workforce management: unlocking productivity and efficiency

... Grosvenor partners with a range of leading software channel partners who integrate their software â€“ and all of the AI youâ€™ll need â€“ onto our devices. ..."

https://newmarksecurity.com/insights/the-power-of-ai-in-workforce-management-unlocking-productivity-and-efficiency/

https://www.grosvenortechnology.com/insights/the-power-of-ai-in-workforce-management-unlocking-productivity-and-efficiency/

"What’s Next for Renewable Energy? Trend Predictions for 2024

... Environmental Impact

1. Biodiversity and Ecosystem Considerations

The focus on the biodiversity and ecosystems is expected to intensify in 2024. This increased attention will likely lead to the implementation of more comprehensive environmental impact assessments and the adoption of best practices to minimize ecological disruption. Strategies may include the careful siting of renewable energy installations to avoid sensitive areas, the use of technology to mitigate impacts, and the integration of biodiversity conservation plans into project development. These efforts aim to balance the expansion of renewable energy with the preservation of natural habitats and biodiversity, ensuring sustainable and responsible energy development.

2. Carbon Footprint Reduction

The role of renewable energy in reducing the global carbon footprint is set to become increasingly significant in 2024. As nations strive to combat climate change, the adoption of renewable energy sources will be a critical factor in policy and investment decisions. The urgency is amplified by the volatility in the global energy market, influenced by economic challenges and energy supply crises. This context highlights the crucial role of renewable energy not only in reducing greenhouse gas emissions but also in providing a more stable and sustainable energy supply, aligning economic and environmental goals in the face of global challenges.

Conclusion

As we approach 2024, a landmark year for the renewable energy sector, we are witnessing emerging trends in the energy sector that are pivotal in shaping a more sustainable, energy-efficient, and environmentally conscious future. This pivotal moment marks a crucial shift towards embracing renewable energy as a core component of global energy strategies. It reflects a collective realization of the urgent need to address climate change and resource sustainability, encouraging innovative solutions and fostering a deeper commitment to preserving our planet for future generations.

BECIS is a sustainable energy solutions provider, partnering with experienced providers of Energy as a Service (EaaS) solutions. We offer a range of services, including solar energy, bioenergy, cooling, waste heat recovery, and energy analytics. Our tailored solutions help companies achieve their renewable energy goals, contributing to a cleaner and resilient energy system. Contact us today to learn more about our services."

https://be-cis.com/renewable-energy-trend-predictions/

"What’s Next for Renewable Energy? Trend Predictions for 2024

... Emerging Energy Market Dynamics

1. Developing Countries Leaping Forward

Developing countries are expected to rapidly adopt renewable energy, bypassing traditional fossil fuel infrastructures. This trend is driven by the declining costs and increasing accessibility of renewable technologies, along with growing international support for sustainable development initiatives. The adoption of renewables in these regions could significantly alter the global energy landscape, offering new opportunities for growth and innovation. Countries globally are seeking to invest in cost-effective renewable energy to address climate change, with a particular focus on reducing reliance on imported energy, especially in European countries and the US.

2. Decentralized Renewable Energy Systems

In 2024, decentralized renewable energy systems are poised to become more prevalent, especially in remote and rural areas. These systems offer a sustainable and reliable alternative to traditional grid-based energy, enhancing local resilience and reducing reliance on large infrastructure. Additionally, the demand for biofuels is expected to continue its upward trajectory, driven largely by the transportation sector. This growth is bolstered by supportive government policies in key global economies like the US, Brazil, Europe, India, and Indonesia, reflecting a broader commitment to diversifying energy sources and promoting sustainable fuel alternatives.

Consumer Trends and Awareness

1. Growing Consumer Demand

In 2024, the rise in consumer awareness and demand for renewable energy will likely be more pronounced. Driven by heightened awareness of climate change impacts and a surge in sustainable living practices. This shift is leading to more informed purchasing decisions, where eco-friendly and renewable energy options are preferred. Social media and influencer campaigns are further amplifying this trend, spreading awareness and encouraging sustainable lifestyle choices. Consequently, consumer preferences will increasingly influence market dynamics, prompting companies to adopt greener practices and technologies, and urging governments to implement more supportive policies for renewable energy.

2. Role of Digital Platforms

With the advent of smart home technologies and IoT devices, consumers will have greater control over their energy consumption. Apps and platforms that provide real-time data on energy usage, offer renewable energy alternatives, and even integrate gamification elements to encourage energy-saving behaviors are anticipated to become more popular. ... These platforms will likely evolve to include AI-driven recommendations for optimizing energy use, further promoting efficiency and sustainability. ..."

https://be-cis.com/renewable-energy-trend-predictions/

"What’s Next for Renewable Energy? Trend Predictions for 2024

... Sustainable Energy Policy Dynamics

1. Enhanced Government Support

Governments are expected to play a pivotal role in accelerating the transition to renewable energy. In 2024, we may see an increase in subsidies, tax incentives, and regulatory frameworks that are more favorable to renewable energy projects. These policies will be essential in encouraging the adoption of renewable technologies and attracting investments. China continues to lead in renewable energy, aiming to exceed its target of generating 33% of its electricity consumption from renewable sources by 2025, with significant developments in wind energy.

2. Grid Integration Initiatives

In 2024, the integration of renewable energy into existing power grids will be a key area of focus. Efforts will center on upgrading grid infrastructure to manage the variability of renewable sources effectively. This will include the implementation of advanced technologies like smart grids and distributed energy systems, which can enhance energy distribution and reliability. These initiatives are essential to ensure a stable and efficient energy system capable of handling an increased share of renewable energy, thereby facilitating a smoother transition towards a more sustainable energy future.

Renewable Energy Investment Trends

1. Corporate Investment Surge

Corporate investment in renewable energy is expected to rise significantly in 2024. More leading companies in key business sectors like food and beverage, textile, pharma, automotive, logistic are committing to renewable energy targets and investing in green energy projects as part of their sustainability strategies. This trend is driven by the growing recognition of the long-term benefits of renewable energy investments, both in terms of financial returns and corporate responsibility. The rising costs of materials, influenced by global market dynamics, could pose challenges for new renewable projects. However, the increase in the cost of fossil fuels and the need for energy security have kept renewable energy competitive in the market.

2. Expansion of Green Bonds and ESG Investments

The market for green bonds and Environmental, Social, and Governance (ESG) investments is anticipated to experience significant growth in 2024. This trend is indicative of a broader shift in the investment community towards sustainability and social responsibility. Investors are increasingly seeking opportunities that not only provide financial returns but also contribute positively to environmental and societal goals. This growing interest is likely to lead to more innovative financial products in the green bond and ESG sectors, offering diverse opportunities for investors to engage with and support sustainable initiatives worldwide. ..."

https://be-cis.com/renewable-energy-trend-predictions/

"What’s Next for Renewable Energy? Trend Predictions for 2024

As we head into 2024, the renewable energy sector is positioned at a critical and exciting juncture, characterized by emerging trends in renewable energy that bring both challenges and opportunities for innovation. Facing global issues such as climate change and dwindling natural resources, this sector emerges as a beacon of hope, offering viable solutions and showcasing a plethora of technological advancements and burgeoning investment opportunities. This blog post delves into the anticipated trends and transformative developments poised to shape the renewable energy landscape in 2024, reflecting a dynamic field that is rapidly evolving in response to the world’s pressing environmental and energy needs.

Sustainable Energy Technological Innovations

1. Green Hydrogen’s Emergence

In 2024, green hydrogen, produced from renewable sources, is expected to become increasingly vital as an energy carrier. We anticipate major advancements in electrolyzer technology, which will significantly improve the efficiency and reduce the cost of green hydrogen production. These developments are pivotal, as they will expand green hydrogen’s viability across various sectors, including industrial processes and transportation. This evolution marks an important step in diversifying renewable energy applications and highlights the potential of green hydrogen in the broader transition to sustainable energy systems.

2. Solar and Wind Energy Advancements

Solar and wind energy are poised for transformative enhancements. Bifacial solar panels that capture sunlight on both sides, and large-scale offshore wind turbines with gigawatt capacities, are just the tip of the iceberg. These advancements will allow for a more efficient capture of renewable resources, making solar and wind energy more viable and competitive with traditional energy sources. The growth of solar PV capacity is a notable trend, forecasted to surpass a terawatt of global solar power generation, accounting for a significant portion of renewable growth. Additionally, the share of offshore wind energy is expected to increase, with more countries, including Canada, the US, India, China, and the UK, expanding their offshore capabilities.

3. Breakthroughs in Energy Storage

The growth of renewable energy in 2024 will be closely tied to advancements in energy storage technologies. We’re likely to see the emergence of innovative storage solutions like solid-state batteries, which offer higher energy densities and longer lifespans compared to traditional lithium-ion batteries. Additionally, the development of gravity-based storage systems is expected to gain traction. These systems provide sustainable, long-term storage options, which are essential for managing the intermittent nature of renewable energy sources. ..."

https://be-cis.com/renewable-energy-trend-predictions/

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