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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in non-OECD Asia. Other significant findings of IEO2019 include: Manufacturing centers are shifting toward Africa and South Asia, especially India, resulting in energy consumption growth in those regions.

Asia 220
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IDTechEX: solid-state battery market will grow to $8B by 2031

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Although in 2017, Bosch gave up SEEO and was selling the company, and Dyson abandoned the technologies of Sakti3, the interest in solid-state batteries never vanished. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and South Korea playing a significant role.

Market 418
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New GKN plant in Japan to meet increasing demand for AWD and eDrive systems; trend of electrification in Asia

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GKN Driveline plans to construct a new world-class manufacturing facility in Tokoname City, Japan. Construction of the new facility will break ground in September 2017 and is scheduled to be complete by the middle of 2018. —Phil Swash, CEO of GKN Driveline.

Asia 150
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ExxonMobil plans to invest $20B over 10 years to expand manufacturing capacity in US Gulf Region

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ExxonMobil Corporation is expanding its manufacturing capacity along the US Gulf Coast through planned investments of $20 billion over a 10-year period. ExxonMobil is strategically investing in new refining and chemical-manufacturing projects in the US Gulf Coast region to expand its manufacturing and export capacity.

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Pike Research forecasts automotive Li-ion battery prices to drop by more than 1/3 by 2017

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According to a recent report examining batteries for electric vehicles from Pike Research, as manufacturing efficiencies improve and access to lithium expands, the installed cost of Li-ion batteries will fall by more than one-third by the end of 2017. billion by 2017, the market intelligence firm forecasts. Although a number.

Li-ion 324
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Albemarle signs definitive agreement to acquire lithium salts production assets in Asia

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The transaction includes manufacturing assets located in both Jiangxi and Sichuan, China focused on the production of battery-grade lithium carbonate and lithium hydroxide. This transaction will enable us to supply premium lithium salts to an expanded global customer base.

Asia 150
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Ballard receives $7.7M MEA order from Synergy JV in China

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million purchase order for membrane electrode assemblies (MEAs) for use in manufacturing FCvelocity-9SSL fuel cell stacks from Guangdong Synergy Ballard Hydrogen Power Co., Synergy-Ballard JVCo was established in 2017 between Ballard and Guangdong Nation Synergy Hydrogen Power Technology Co. Ballard Power Systems has received a $7.7-million

China 243