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IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

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The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy. This will enable utilities to integrate more renewable energy into the power grid, the company says. This amount of additional energy can power roughly more than 14,000 homes.

Wind 306
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Roskill: CO2 emissions from lithium production set to triple by 2025

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Given the more energy-intensive nature of mining along with the requirement for emissions-intensive shipping of mine site concentrate to China for refining, this perhaps comes as no surprise. The high emissions intensity of refining concentrate to lithium carbonate or hydroxide, in part driven by China’s power grid mix and reliance of coal.

Emissions 459
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability.

Auto 52
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. Under a more “ideal” scenario, the association sees China’s new energy storage capacity installations rising 19% year-on-year to 41.2GW, the white paper found.

Auto 52
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World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives

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Industry forecasts suggest that the global electric vehicle sales will contribute between 2% to 25% of annual new vehicle sales by 2025, with the consensus being closer to 10%. This is largely due to China’s strength in batteries and motors. Yet, China and other countries face steep challenges in promoting electric vehicles.

China 199