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

Green Car Congress

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). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.

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How Automotive Dealerships Can Save Money with Battery Energy Storage

Blink Charging

federal government is actively facilitating EV adoption, aiming to simplify the purchasing process for consumers , encourage companies to electrify their fleets , and assist businesses in installing EV charging stations. The Sweep Energy System aims to provide around 100,000 kWh of electricity to Japan’s grid by the mid 2020s.

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Tesla To Reap $1.8 Billion From IRA Incentives, All Model 3 Cars Eligible For Full Tax Credit

CleanTechnica EVs

billion in Inflation Reduction Act production tax credits this year. That will put the two companies far ahead of the estimated $480 million that General Motors and LG Energy Solution are expected to receive. Benchmark Mineral Intelligence is reporting that Tesla and Panasonic are expected to receive about $1.8

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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

Green Car Congress

The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Ford Motor Company. Funded at $2.3

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AFS Trinity Awarded Patent for Extreme Hybrid Drivetrain; Company Arguing for Full PHEV Tax Credit

Green Car Congress

AFS Trinity Power Corporation has been awarded a patent for its Extreme Hybrid drive train that combines ultracapacitors and other power electronics and energy storage devices with off-the-shelf chemical batteries in plug-in hybrid vehicles. Earlier post.).

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LG Energy Solution reports steady increase in profit for FY 2023 

Teslarati

LG Energy Solution (LGES) announced its 2023 full-year earnings, reporting a steady increase in consolidated revenue and operating profit. The South Korean company reported a steady increase in consolidated revenue to KRW 33.7 The LGES’ earnings report showed that the company’s consolidated revenue increased by 31.8%

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Imperium3 New York produces its first full-sized prismatic cells

Green Car Congress

million in Excelsior Jobs Program tax credits in exchange for job creation commitments for the iM3NY project. iM3NY has an exclusive North American technology license agreement with C4V, a Binghamton, NY-based R&D company with IP/patented technologies in the development and design of environmentally friendly lithium-ion batteries.

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