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JERA and Toyota deploy first large capacity Sweep Energy Storage System with second-life batteries

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JERA, the largest power generation company in Japan, responsible for about 30% of Japan’s electricity, and Toyota Motor have built and deployed the first large-capacity “Sweep Energy Storage System”. The project plans to operate grid storage batteries for recharge and discharge operations, connected to the Chubu Electric Power Grid Co.,

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DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

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The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The 2022 estimate is $153/kWh on a usable-energy basis for production at scale of at least 100,000 units per year.

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. billion by 2023, according to a new forecast by GlobalData. —Bhavana Sri, Power Analyst for GlobalData.

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Electrochemical energy storage startup SPARKZ licenses ORNL cobalt-free battery tech

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Stealth-mode electrochemical energy storage startup SPARKZ Inc. has exclusively licensed five battery technologies from the Department of Energy’s Oak Ridge National Laboratory (ORNL) designed to eliminate the use of cobalt metal in lithium-ion batteries. —SPARKZ Inc. CEO Sanjiv Malhotra. SPARKZ Inc.

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ENC next-gen battery-electric and fuel-cell buses to be delivered in 2023

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and a manufacturer of heavy-duty transit buses and emission-free technology, announced that the next generation of its zero-emission products, Axess Battery Electric Bus (EVO-BE) and Axess Hydrogen Fuel Cell Electric Bus (EVO-FC), are now in development. The next generation Axess EVO-BE will feature 738 kWh of battery energy storage.

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BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

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The falling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg NEF (BNEF). The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2

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DOE launches Energy Storage Grand Challenge

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The US Department of Energy (DOE) launched the Energy Storage Grand Challenge , a comprehensive program to accelerate the development, commercialization, and utilization of next-generation energy storage technologies.