Remove 2015 Remove Batteries Remove Energy Remove Lithium Ion
article thumbnail

Stellantis-LG Energy Solution battery joint venture named NextStar Energy; 45 GWh plant in Windsor

Green Car Congress

Stellantis and LG Energy Solution announced NextStar Energy Inc. as the official name of its battery joint-venture company. NextStar Energy will be Canada’s first large-scale lithium-ion battery production plant. Stellantis and LG Energy Solution committed to invest more than $5 billion CAD ($4.1

San Jose 325
article thumbnail

ICL model predicts lithium-ion batteries most competitive for storage applications by 2030

Green Car Congress

levelized cost)—as opposed to the investment cost—of 9 electricity storage technologies for 12 different applications between 2015 and 2050. The model predicts lithium-ion batteries to be the cheapest technology in the coming decades. An open-access paper on their work is published in the journal Joule.

article thumbnail

DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

Green Car Congress

The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The 2022 estimate is $153/kWh on a usable-energy basis for production at scale of at least 100,000 units per year.

2008 475
article thumbnail

IDTechEX: solid-state battery market will grow to $8B by 2031

Green Car Congress

A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. Under most of the mass-production plans, the solid-state battery will likely take off after 2025, although small-scale production may happen even earlier, IDTechEX said. Major solid-state battery players globally.

Market 418
article thumbnail

Northvolt acquires US Li-metal battery company Cuberg; next-gen battery cells for electromobility

Green Car Congress

European battery-maker Northvolt has acquired Cuberg , a US-based battery technology company delivering high-performance lithium-metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions. Department of Energy, and the TomKat Center at Stanford.

article thumbnail

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 terawatt-hours by 2030, up from around 1 TWh this year.

article thumbnail

Li-ion battery recycling and manufacturing startup Battery Resourcers completes $20M Series B

Green Car Congress

The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries—the batteries from approximately 20,000 electric vehicles (EVs) a year. Lithium carbonate (Li 2 CO 3 ) is also a current product offering. as a spinout from the lab of Prof.

Li-ion 210