Remove 2015 Remove Energy Remove Energy Storage Remove Financing
article thumbnail

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

Green Car Congress

The amount is just a fraction of the estimated $35 trillion needed to be spent on the energy transition by 2030, according to the International Renewable Energy Agency. Global investment in technologies to help the energy transition reached a record $1.3 trillion in 2022, IRENA said. Refined nickel, too, will pose a challenge.

article thumbnail

40 Tesla Megapacks replace WW2 turbojet generator in Belgium

Teslarati

A total of 40 Tesla Megapack battery storage systems replaced a World War II turbojet generator in Lessines, Belgium, Tesla announced. Previously, the generator had been providing energy support to the community since the 1950s. This project is an important step for the development of electricity storage solutions in Europe.

Belgium 132
article thumbnail

President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

Green Car Congress

billion for the US Department of Energy (DOE). billion) above the FY 2015 enacted level. billion (35.8%) science and energy Budget Request, $1.3 billion for applied energy activities, including: $2.72 billion for applied energy activities, including: $2.72 President Barack Obama’s 2016 Budget requests $29.9

article thumbnail

DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

Green Car Congress

The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. The plan is organized into 12 strategic objectives aimed at three distinct goals: Science and Energy; Nuclear Security; and Management and Performance. DOE will continue to pursue carbon capture and storage technologies as well as nuclear power.

2014 225
article thumbnail

Gogoro announces major partnership to help accelerate global expansion

Baua Electric

Today, Gogoro announced signing an MOU to form a new partnership with Japanese giants Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing Co., Many people think of Gogoro as an electric scooter company, but Gogoro is really more of an energy platform. Oh, and not just for light electric vehicles anymore.

Global 52
article thumbnail

Tesla makes ~$2.8B all-stock offer to acquire SolarCity

Green Car Congress

to acquire all of the outstanding shares of solar energy provider SolarCity. And in March 2015, we launched Tesla Energy, which through the Powerwall and Powerpack allow homeowners, business owners and utilities to benefit from renewable energy storage. This proposal represents a value of $26.50

Tesla 150
article thumbnail

Boeing HorizonX invests in lithium-metal rechargeable battery startup Cuberg

Green Car Congress

It combines a lithium metal anode, proprietary electrolyte and high-voltage cathode to achieve high energy density and thermal durability. The NSF SBIR project will develop key components of a next-generation lithium metal battery that greatly increases both energy density and safety compared to the best lithium-ion batteries.

Recharge 218