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The 1979 oil crisis, sometimes referred to as the second oil crisis (in reference to the 1973 oil crisis), refers to the drop in oil production in the aftermath of the Iranian Revolution that led to an energy crisis in 1979. Although the global oil supply only decreased by approximately four percent, the oil markets'…

Beijing WeLion New Energy Technology Co., Ltd., known simply as WeLion New Energy or WeLion (Mandarin: 卫蓝; pinyin: Wèilán), is a Chinese battery manufacturer specializing in semi-solid and solid state batteries for use in electric vehicles and energy storage systems. The company is headquartered in the Beijing's…

Electricity pricing (also referred to as electricity tariffs or the price of electricity) can vary widely by country or by locality within a country. Electricity prices are dependent on many factors, such as the price of power generation, government taxes or subsidies, CO2 taxes, local weather patterns, transmission…

A photovoltaic system, also called a PV system or solar power system, is an electric power system designed to supply usable solar power by means of photovoltaics. It consists of an arrangement of several components, including solar panels to absorb and convert sunlight into electricity, a solar inverter to convert the…

A solar inverter or photovoltaic (PV) inverter is a type of power inverter which converts the variable direct current (DC) output of a photovoltaic solar panel into a utility frequency alternating current (AC) that can be fed into a commercial electrical grid or used by a local, off-grid electrical network. It is a…

A multiunit auction is an auction in which several homogeneous items are sold. The units can be sold each at the same price (a uniform price auction) or at different prices (a discriminatory price auction).

Carbon pricing (or CO2 pricing) is a method for governments to mitigate climate change, in which a monetary cost is applied to greenhouse gas emissions. This is done to encourage polluters to reduce fossil fuel combustion, the main driver of climate change.

A balcony solar power system (also called a plug-in solar panel, mini solar system, Plug-in PV, PIPV, or balcony power station) is a small photovoltaic system designed to generate electricity for direct use in a home or apartment. Unlike conventional rooftop solar installations, balcony solar systems connect to the…

Gridserve Sustainable Energy Limited, stylised as GRIDSERVE, is a British company founded in 2017 to develop, own and operate critical infrastructure for sustainable energy production. Gridserve opened the UK's first all-electric car charging forecourt in 2020, with the second opening in April 2022 and plans to…