Truth To Power

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro investigates the feed in tariffs, public finance and capital efficiency of the global chemical heat & #hydrogen market from the IntelStor Future of Renewables #marketresearch Report.
While there have been cutbacks since 2019, particularly in Africa & the Middle East, there is still around $600 million per year which is provided to support project developments. The funding provided in Africa & the Middle East is particularly concerning. Spread out since 2005 for a period of 13 years, the region has seen a total of US$14.2 billion on studies to investigate capacity ramp up in the region using either chemical heat or hydrogen based techniques.
Overall, capital efficiency is relatively good for chemical heat and hydrogen with only $27,000 per installed megawatt being spent in the Asia Pacific region. That is comparable to the best performing renewable energy technologies when it comes to leveraging public finance. The total for Africa and the Middle East at US$244,000 / MW in public finance is somewhat deceptive.
This figure only includes the capital pledged for the capacity actually installed. Since the bulk of the US$14.2 billion which has been allocated in Africa has not yet been installed, it is merely wasted expenditure at this point. This is one of the worst examples of wasted public funding allocation in the entire renewable energy sector, and something that needs to be more thoroughly investigated to ensure this has not been provided to countries with no potential for commercial exploitation of chemical heat or hydrogen technology.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro analyzes the generation and efficiency of the global chemical heat & #hydrogen market from the IntelStor Future of Renewables #marketresearch Report.
In the year 2000 just 29.7 terawatt hours of chemical heat for power generation were produced, but by 2025, that increased to 160.12 terawatt hours. Europe led the market with more than 50% of the total generation back in the year 2000. By 2025 Asia Pacific took over the lead in generation with 46.5%, Europe dropped to 28.5% and the Americas improved from just under 10 % in the year 2000 to over 25% by 2025.
Capacity factors indicate that Europe has had an average of 41.2%, but a wide variety of technological implementations has meant that other regions have seen performance under this level. Asia Pacific’s 37.6% reflects more recent deployment of less efficient hydrogen generation technology which then allows the hydrogen fuel to be used for power generation. This is inherently less efficient than a chemical heat process, which is largely used in Europe.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro analyzes the installed capacity and market share of the global chemical heat & #hydrogen market from the IntelStor Future of Renewables #marketresearch Report.
The global market for chemical heat and hydrogen is 72.7GW as of the end of 2025 in 57 countries. Significant deployments in the United States, Mexico and China total 72.3% of the entire global installed capacity. These countries have chosen to prioritize hydrogen storage and power generation deployments during the recent hype cycle of the technology.
China’s 15.3 GW of capacity helped secure Asia Pacific’s 27.6% share, while much of Europe was previously dependent on chemical heat for power generation and has not yet deployed a significant amount of hydrogen.
While there are still countries that are looking at the utilization of chemical heat for power generation, without the capacity from hydrogen this industry segment would only have approximately 20 GW installed globally. there should be between 4.7 and 6.7 GW of capacity installed annually over the next five years.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro investigates the LCOE, feed in tariffs, public finance and capital efficiency of the global #offshorewind energy market from the IntelStor Future of Renewables #marketresearch Report.
More recently, the average LCOE has gone well below US$100 / MWhr partly driven by China removing federal subsidies in 2021 and setting the technology on course for “cost parity” with coal, onshore wind and solar PV in their electricity markets. Offshore wind has the potential to achieve a LCOE that would be within 25 - 35% that of onshore wind with continued scale.
Annual public investment for offshore wind has been spent almost entirely on project development, and until recently, almost exclusively in Europe. It is plausible that future developments in the Americas or Africa & Middle East regions would benefit from allocation of public finance so we would expect to see funding shift from Europe to newer countries which are at the beginning of their journey to add capacity.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro presents the generation and efficiency of the global #offshorewind energy market from the IntelStor Future of Renewables #marketresearch Report.
Generation of offshore wind energy has seen rapid growth in the past 15 years, as the industry increased from 100 MW installed to just under 100 GW installed. By 2030, the industry should achieve a total of 567 terawatt hours with 39% coming from Europe 33.7% coming from the Asia Pacific region and up to 27.2% from the Americas region.
Average capacity factor analysis for offshore wind shows that the installed capacity in the Americas operates most efficiently with a capacity factor of just over 49%. By contrast, Europe’s average capacity factor at 26.8% indicates the impact of asset age on the degradation of performance. In the Asia Pacific region, which is dominated by China, the average capacity factor for offshore wind is just 25.5%.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro digs into the installed capacity and market share of the global #offshorewind energy market from the IntelStor Future of Renewables #marketresearch Report.
The global market for offshore wind is 99GW as of the end of 2025 with installation of the technology in just 19 different countries. The Asia Pacific region is dominated by China, resulting in more than 56.7 GW installed and 57.3% market share. Europe is second with a total of 41.1 GW installed for 41.6% market share. The region has planned capacity auctions in the United Kingdom Germany, the Netherlands, Denmark, France and Poland that will keep the industry segment growing.
While the forecast for annual capacity additions had to be re-adjusted after the policy changes in the USA we remain confident that the world will see close to 150 GW of new capacity additions over the next five years. Europe has approximately 61 GW in their installation pipeline, while Asia Pacific is poised to almost double their current installed capacity with another 50.7 GW. The Americas had hoped to add substantially to this, but they may only manage 14 – 15 GW out of the 34.8 GW originally planned.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro digs into the LCOE, feed in tariffs, public finance and capital efficiency of the global solid #biofuels market from the IntelStor Future of Renewables #marketresearch Report.
Feed in tariffs (FiTs) for solid biofuels have an average range from US$89.58 – US111.71 / MWhr, but ranging upwards of US$300.00 / MWhr in some countries in the Americas, Asia Pacific and European regions as well. Such high FiT prices underscore how the asset owners  of solid biofuels are able to achieve profitability, but as noted in the study of solid biofuels LCOE, such the industry would not be as competitive as other renewable energy technologies without such generous support. Prices are now below US$150 / MWhr across Europe as well as the Asia Pacific regions, which still provide modest subsidies to support prices.
A total of US$81.8 billion in public funding has been allocated to solid biofuels in the past 25 years with Africa & the Middle East  taking a total of 35%. For solid biofuels in the Africa &  Middle East region, the figure  of just under US$8.4 million per installed megawatt with a total of US$28.7 billion of funding allocated over the past 25 years is the worst performance in the entire renewable energy industry. While we cannot point directly to incompetence or corruption at this time, this discrepancy warrants further investigation to understand how that much public funding could be deployed with so few results.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro presents the generation and efficiency of the global solid #biofuels market from the IntelStor Future of Renewables #marketresearch Report.
Generation of solid biofuels has accelerated globally in the past 25   years with a 415.6% growth or 16.6% average annual growth rate. A total of 463 terawatt hours is  provided across the globe with the Asia Pacific leading as of 2025 with 45% of the generation total.
Europe now enjoys a 52.8% capacity factor for solid biofuels, while the Asia Pacific region follows at 41.8%. The Americas region also sports a   38.7% capacity factor which reflects the age and performance of the   systems which were mainly  installed up to 2018.
The Asia Pacific region has improved from ~35% capacity factor in the   year 2000 to 41.8% by 2025, but they have seen more peaks and troughs over the years. Africa & Middle East has also remained mostly flat since the year 2000 with some years showing modest fluctuations above the long-term average of 23% capacity factor.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro investigates the installed capacity and market share of the global onshore #windenergy market from the IntelStor Future of Renewables #marketresearch Report.
The global market for solid biofuels is   113.1GW as of the end of 2025  with capacity deployed in  118 countries worldwide. While China leads the world with   19.53 GW installed, unlike other   renewable energy technologies, solid   biofuels capacity in the rest of the  world is fairly close to that of China.
The diversity of countries supporting   the strength of market share in all   global regions is noteworthy. The Americas has 35.4 GW installed   for a 31.3% market share to date.   Europe’s 22.5% share is spread across almost all EU member states as well   as many other European countries   which enjoy heavily forested areas.
Annual capacity additions for solid   biofuels did surge recently with 2025   showing the largest installed  capacity  in the past 25 years at 7.65 GW. By 2030, solid biofuels should end the   decade with a total of 164.4 GW,   with the Asia Pacific region leading  at 78.8 GW installed.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3

On this week's episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro investigates the LCOE, feed in tariffs, public finance and capital efficiency of the global onshore #windenergy market from the IntelStor Future of Renewables #marketresearch Report.
Cost of energy for onshore wind has seen significant reduction in the past 15 years. Besides the benefits brought to the industry from the economies of scale, the cost efficiencies gained have put onshore wind in direct competition with natural gas, petroleum and even coal generation.
With an average just over US$33.00 / MWhr wind energy is capable of competing with non-renewable power generation sources in most countries of the world. Average feed in tariff prices have ranged from US$69.75 / MWhr in the Americas to US$108.62 / MWhr in Africa & the Middle East.
Since 2000 a total of US$60.3 billion of public finance has been spent on onshore wind energy. A total of US$23.2 billion or 38.5% was spent in the Americas, 31.5% of total investment was provided to Europe, 16.1% in Africa & the Middle East and just 13.9% in the Asia Pacific region.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/e98Z9qs3