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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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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). BNEF has more than doubled its estimates for energy storage deployments from 2025 to 2030 across Europe from previous forecasts.

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GlobalData: China to overtake US in nuclear capacity by 2026

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China is on track to have the largest nuclear power generation fleet of 93GW and is set to overtake the US by 2026, according to research and analytics company GlobalData. China alone is set to account for more than 50% (83GW) of the new capacity built, followed by India with 8.9% (14.5GW) and Russia with 6.4% (10.5GW).

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

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Demand for lithium ion batteries is forecast to grow to 3.7 Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Natural and synthetic graphite are forecast by Benchmark to have a combined supply gap of 3.6 The rise of gigafactories.

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EIA: US ethane demand grew 9% in 2022, driven by petrochemical capacity additions

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MMBtu, according to Bloomberg Finance, L.P. US ethane exports to China increased 50% from 2021 to a record-high average of 157,000 b/d in 2022. Ethane exports to China increased because an additional 75,000 b/d of ethane-fed cracker capacity came online in China. EIA expects ethane consumption to average 2.1

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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Efficient Drivetrains raises initial $7.5M in Series C; forecasting $15M

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Efficient Drivetrains has closed initial funds in its Series C financing round, highlighted by an initial infusion of $7.85 The Series C round, forecasted at $15 million is expected to close in Q4 2016, subject to final agreements. Funds will also be used to expand its manufacturing footprint in the US and China.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units.

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