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Consortium led by POSCO, Samsung SDI to build $54M cathode materials plant in Chile for EVs

Green Car Congress

A consortium led by South Korea’s POSCO and Samsung SDI, and including China’s Sichuan Fulin Industrial Group and Chile’s Molyment, has won a bid to build a cathode materials plant in Chile to support that country’s Li-ion batteries project.

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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon prices rising even faster.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

Green Car Congress

The report recommends five key steps for front-loading net-zero: Build conditions that enable additions of renewable electric- ity sources as quickly as possible. Once there is sufficient renewable output, battery storage and thermal balancing power plant capacity in the system, retire legacy inflexible plants, such as coal.

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Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

Price doubling from 2014/2015 was first seen in China and is now being felt worldwide, with lithium hydroxide prices from $16-20 and carbonate prices from $12-14 thousand USD per ton. In some locations, grid-scale peaking applications have already been implemented, often in old coal power plants, re-using the building and grid connections.

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We Need More Than Just Electric Vehicles

Cars That Think

With all this, consumers and policymakers alike are hopeful that society will soon greatly reduce its carbon emissions by replacing today’s cars with electric vehicles. 70 percent of lithium-ion batteries are produced in China, which derived 64 percent of its electricity from coal in 2020. But coal use varies, even within China.