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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Global cumulative energy storage installations. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar. In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build. Source: BloombergNEF.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022 to 2030, according to the forecast—more than Japan’s entire power generation capacity in 2020. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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Volkswagen launches PowerCo for global battery business; €20B investment; standard factories

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With immediate effect, responsibility for global battery business is to be held by the newly created company “PowerCo”. The Volkswagen Group is bundling its global battery activities in the European company (SE) PowerCo. Looking ahead, further products such as major storage systems for the energy grid are planned.

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Ford launches new global battery center of excellence

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Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing. In North America, the Ford Mustang Mach-E already has found early sales success. The Ford Ion Park team is underway already.

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Hitachi Energy invests $1.5 billion to ramp up transformer production for grid transmission – Charged EVs

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Delays in getting electrical service hooked up represent one of the biggest roadblocks to building more EV charging hubs, and several industry insiders have told Charged that a major reason for those delays is a shortage of transformers. Source: Hitachi Energy , Electrek The post Hitachi Energy invests $1.5

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Daimler Truck North America and partners to form JV for nationwide charging network for MD and HD commercial vehicles

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The parties plan to build a network of charging sites on critical freight routes along the east and west coasts and in Texas by 2026, leveraging existing infrastructure and amenities while adding complementary greenfield sites to fulfill anticipated customer demand.

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Electrify America to add Tesla battery storage to more than 100 new charging stations

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Electrify America plans to install Tesla Powerpack battery systems at more than 100 of its electric vehicle charging stations nationwide over the course of 2019. Tesla’s Powerpack system is a natural fit given their global expertise in both battery storage development and EV charging. —Giovanni Palazzo, CEO of Electrify America.

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