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INEES report shows intelligent integration of EVs reduces power fluctuations, but not currently economically viable

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Partners Volkswagen AG, Lichtblick SE, SMA Solar Technology AG and the Fraunhofer Institute Wind Energy and Energy System Technology (IWES) have submitted the final report from the INEES research project (Intelligent integration of electric vehicles into the power grid for the provision of system services).

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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This includes spending on renewables such as wind and solar as well as grid and other infrastructure. To put the scale of the lithium challenge into context, more lithium will be needed in 2030 than was mined between 2015 and 2022, according to Benchmark’s Lithium Forecast. Most of this (56%) will be put towards building 1.2

Industry 243
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M5BAT 5MW storage system integrates multiple battery technologies

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electric utility company, battery manufacturers Exide and beta-motion and inverter manufacturer SMA Solar Technology AG (SMA) have joined forces to build the first multi-technology, modular large-scale 5MW battery storage system. Batteries Power Generation Solar Wind' Energy Research Center at RWTH Aachen University, E.ON

Battery 290
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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Renewables investment has been more resilient during the crisis than fossil fuels, but spending on rooftop solar installations by households and businesses has been strongly affected and final investment decisions in the first quarter of 2020 for new utility-scale wind and solar projects fell back to the levels of three years ago.

Global 344
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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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The overarching objective of the study is to analyze the scale and scope of investments in low-carbon technologies in power generation, transport, buildings and industry (including heating and cooling) that are needed to facilitate such a transition in a cost-effective manner, while also working towards other policy goals. Click to enlarge.

Renewable 199
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US and China jointly announce GHG reduction targets; US to cut net GHG 26-28% by 2025, China to peak CO2 by ~2030

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The Administration said the United States will submit its 2025 target to the Framework Convention on Climate Change as an “Intended Nationally Determined Contribution” no later than the first quarter of 2015. launching a new track on the interaction of energy and water (the energy/water ‘nexus’). million cubic meters of freshwater per year.

China 300
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DOE awarding >$24M to 77 projects through Technology Commercialization Fund

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OTT was established in 2015 to advance the economic, energy, and national security interests of the United States by expanding the commercial impact of the Department of Energy’s research and development portfolio. Quanex Building Products Corporation, Houston, Texas SCP SYS LLC, San Francisco, Calif. Louis , Mo. San Jose, Calif.