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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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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

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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 mb/d in 2023, according to the forecast. mb/d this year, world oil demand is forecast to expand by 2.2 Runs are forecast to rise by 3.5 mb/d in 2023, surpassing pre-pandemic levels. mb/d in 2022 to 2.2 Following gains of 1.8 mb/d to 101.6

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

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Other elements of the note: BNEF cut the global solar demand forecast for 2020 from 121-152GW to 108-143GW. However, the short-term interruption to production in China has highlighted the need for diversified supply chains and strengthened the case for localized manufacturing in Asia, Europe and the US, especially for batteries.

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Volkswagen ID.7 makes its world premiere

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7 electric sedan will be launched first in Europe and China in the Fall of 2023, North America is scheduled to follow in 2024. According to an initial internal forecast, the ID.7 7 for Europe and North America in the electric mobility plant in Emden. Volkswagen has introduced its new ID. Volkswagen plans to produce the new ID.7

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. 2010 vs 2011 forecasts.

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PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012

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This will bring the region in sync with the recent recoveries in North America and Eastern Europe and the continued growth in developing Asia-Pacific and South America, according to the consultancy. The region is now forecasted to produce nearly 16.2 Capacity in the region is forecasted to grow from 15.4 Eastern Europe.

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New cost forecast model finds 2020 cost/kW for PEM fuel cell stacks and Li-ion high-power batteries could be roughly equal

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Researchers at Daimler AG and a colleague at Albstadt-Sigmaringen University have developed a new cost forecast model for hydrogen fuel cell stacks and Li-ion batteries using a two-factor experience curve approach. —Mayer et al. 2012.07.022.

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