• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, July 16, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Future Tech Clean Energy

Renewable Energy Costs Reduced but Chip Demand Increases

by Meghana Kandra
April 20, 2021
in Clean Energy, Electric Vehicles, News
Reading Time: 2 mins read
0
Renewable Energy Costs Reduced but Chip Demand Increases
TwitterWhatsappLinkedin

University of Oxford researchers recently found that over the last decades there are promising technological improvements in renewable energy sources. However, the increasing demand for semiconductor chips is of concern for technological advancement.

You might also like

EU Backs National Social Media Restrictions for Children in New Online Safety Guidelines

Denied Over Reddit? U.S. Student Visa Applicant Faces Setback Despite Public Account

PhonePe Ropes In Shivnath Thukral as VP of Public Policy

semiconductor industry: Why shortages of a $1 chip sparked crisis in the  global economy, Auto News, ET Auto  Urgent action needed for clean energy for all by 2030: UN member states |  Business Standard News

New problem lying with production than advancement

As the world is focusing on shifting towards sustainable energies, so are the returns. According to the research, investors demand 40% returns for coals, while emerging solar and wind need 11% returns.

Image credits- The Guardian

It is considered a progressive step, as this could mean cheaper for the taxpayers on renewable energy sources. Furthermore, the report had the data on investments and related details from 2010 to 2020. Here, the data from 2010 to 2014 was compared with the data from 2015 to 2020.

As the possibility of using electric vehicles is increasing the chip demand has been a concern for some months now. Every auto-manufacturer is able to make progress towards making cheaper EVs, fast and longer ranges. However, with the semiconductor chip shortage, production is the next challenge. Yet, there is no assurance from any side of how the chip shortage to be controlled.

Rozycki’s company from Texas who sell small chips said on the matter as,

“Every month, our product is getting more popular. But we may not be able to make it in several months.”

World wide view

As of now, Europe has lower costs for its offshore wind farms, with more people preferring hybrid vehicles. Also, Australia has lower financing costs for onshore wind farms, along with innovative ideas for EV charge points. And, North America’s renewable energy sources financing costs fell down the fastest.

However, with progression come newer problems. The supply chain halt is mainly due to companies not being able to meet the demand. Smart chips are used in different technologies from smartphones to electric vehicles. As electric vehicles are coming on a large scale only recently, the demand was something the industry not prepared for.

The American president, Joe Biden recently ordered a 100-day review on many large companies’ supply chain processes. Intel’s CEO, Pat Gelsinger gave his insights on the matter, pointing out that every aspect of the online world is dependent on semi-conductor chips.

Since a fire in Japan’s manufacturing unit, the shortage of semi-conductors started. Renesas Electronics chip factory had a fire, which stopped Samsung’s manufacturing unit in Texas.

Intel is preparing itself to shift its processes to their older factories. Recently, when a Chinese company bought an Italian semi-conductor manufacturing company, the Italian government intervened. Countries are acknowledging the importance of the $3 chip.

Shifting towards renewable energy is not within the hands of one industry. Every industry needs to have progressive growth towards reducing carbon emissions.

 

Tags: AmericaAustraliaChinaItalyJapanNorth AmericaRenewable energy sourcessemi conductor chipshortage
Tweet54SendShare15
Previous Post

Here’s how to watch Apple ‘Spring Loaded’ event

Next Post

Tiger Global invests in healthcare startup Pristyn Care

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

EU Backs National Social Media Restrictions for Children in New Online Safety Guidelines

by Harikrishnan A
July 16, 2025
0
EU Officials Issued Burner Devices for U.S. Trips Amid Deepening Distrust

The European Commission has issued new guidelines under its Digital Services Act (DSA) that allow EU member states to introduce their own rules restricting access to social media...

Read more

Denied Over Reddit? U.S. Student Visa Applicant Faces Setback Despite Public Account

by Ishaan Negi
July 16, 2025
0
Denied Over Reddit? U.S. Student Visa Applicant Faces Setback Despite Public Account

In a digital age where social media footprints are closely monitored, a recent case has stirred debate about the fairness and technicalities behind U.S. visa procedures. A visa...

Read more

PhonePe Ropes In Shivnath Thukral as VP of Public Policy

by Ishaan Negi
July 16, 2025
0
PhonePe Ropes In Shivnath Thukral as VP of Public Policy

India’s fintech race just got a new twist. PhonePe, the country’s largest digital payments platform, has made a bold move by appointing Shivnath Thukral as its Vice President...

Read more
Next Post
Pristyn Care Funding

Tiger Global invests in healthcare startup Pristyn Care

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?