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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). Europe, however, is catching up with a significant ramp-up in capacity fueled by the current energy crisis.

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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

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In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 Forecast eLCV share of total global LCV market revenue. million units annually by 2030. Source: IDTechEx Electric Vans 2020-2030.

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 While higher prices and a weaker economic outlook are moderating consumption increases, a resurgent China will drive gains next year, with growth accelerating from 1.8 mb/d in 2023, according to the forecast. Runs are forecast to rise by 3.5

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EIA: high prices for natural gas this winter as global consumption remains high and inventories low

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The US Energy Information Administration (EIA) expects higher-than-average natural gas prices globally as demand remains high this winter in the United States, Europe, and Asia, and inventories remain low. That price will be the highest inflation-adjusted monthly average price since 2008.

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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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BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. —Seb Henbest, head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. NEO 2018 sees $11.5 BNEF sees $1.3

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ABB-sponsored report suggests global plans for 80 new EV battery gigafactories insufficient

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A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories.

Global 448
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Navigant forecasts modest global annual sales growth of e-bicycles, reaching 40.3M units in 2023

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In a new report , Navigant Research forecasts that global annual sales of e-bicycles will grow modestly from 31.7 million e-bicycle sales this year under the base scenario, representing 91% of the total global market. This growth in demand is expected to result in revenue for global e-bicycle sales of $13.5

Global 281