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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. trillion of that going to wind and solar and a further $1.5 The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. NEO 2018 sees $11.5

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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. By utilizing local weather forecasts, HyRef can predict the performance of each individual wind turbine and estimate the amount of generated renewable energy.

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IDTechEx: EV market doubles down on permanent magnets despite material costs

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IDTechEx has researched the electric motor market for electric vehicles, including analysis, benchmarking, and demand forecasts of different motor technologies resulting in its report: “ Electric Motors for Electric Vehicles 2022-2032 ”. Induction motors use a copper cage or windings on the rotor and use an asynchronous operating principle.

Market 259
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IRENA sees renewable hydrogen at least cost-possible within decade

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Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). A combination of falling costs for solar and wind power, improved performance as well as economies of scale for electrolyzers could make it possible.

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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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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). BNEF’s analysis suggests that cheaper batteries can be used in more and more applications.

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Adamas Intelligence expects 10-fold increase in value of rare earths to $36.2B by 2035; growth led by passenger EV traction motors

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NdPr, Dy and Tb oxides—were consumed globally in NdFeB alloys for energy-transition-related applications, including EV traction motors and wind power generators. In 2022, Adamas Intelligence calculated that $3.8 billion worth of magnet rare earth oxides—i.e., billion in 2022 to $36.2 billion in 2035.

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California Energy Commission awards nearly $400,000 to UC Davis for wind forecasting for grid operator

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The California Energy Commission has awarded $398,662 to the University of California, Davis to develop a forecasting tool that can be used by the state’s grid operator to respond to sudden changes in wind power production.

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