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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy.

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TEPCO and Toyota develop stationary storage battery system using EV batteries

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This system will be installed in the Eurus Tashirotai Wind Farm by Toyota Tsusho Corporation and Eurus Energy Holdings Corporation, and the four companies will begin a collaborative verification project around fall of this year.

Toyota 416
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

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The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel?

China 416
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Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

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Groupe Renault is creating the REFACTORY in Flins, the first European circular economy site dedicated to mobility. It will be based on a wide network of partners from all sectors and will revolve around 4 poles of activity, putting into practice the principles of the circular economy at each stage of the vehicle life cycle and mobility.

Economy 397
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World Bank Group: mineral production to soar as demand for clean energy increases

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A new World Bank Group report finds that the production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies. Source: “Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition”.

Clean 243
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Benchmark: lithium has to scale twenty times by 2050; generational challenge for automakers

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The world will need more than twenty times the amount of lithium than was mined last year to meet demand by mid-century, driven by growth in energy storage and electric vehicles, according to new analysis from Benchmark Mineral Intelligence. Annual production of 11.2 —Simon Moore. —Simon Moore.