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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses.

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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Wind and solar grow from 7% of generation today to 48% by 2050. This will attract $13.3

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Cal ISO: California grid battery storage increased nearly 20x since 2019 to 5,000MW; projected to hit 52,000 MW by 2045

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According to the California Independent System Operator, battery storage capacity in the state has increased by nearly 20 times since 2019—from 250 megawatts (MW) to 5,000 MW. Escalating requirements saw the goal increase to 33% by 2020—a target that was met two years early in 2018. compared to 2020.

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Elcora acquires vanadium sites in quest to further position in battery technologies

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This strategic acquisition supports Elcora’s plan to enhance both its mining and energy storage solutions by adding additional markets related to battery technologies. Roll out of large-scale vanadium flow batteries are underway across the globe, with many others being planned or under construction. —Troy Grant, Elcora CEO.

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As states continue to use less coal for electricity, driving electric vehicles becomes even cleaner

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Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions. by Michael Sivak, Sivak Applied Research.

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Solar and Battery Companies Rattle Utility Powerhouses

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It's being marketed as the " Tesla Energy Plan ," and is available to any individual household in this region of 24 million people that has a solar panel system, a grid connection—and a Tesla powerwall, the Palo Alto firm's gigafactory-made 13.5 kWh battery wall unit. For bigger national grids it gets more complicated.

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MAN Truck & Bus exploring 2nd life, recycling strategies for traction batteries

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MAN Truck & Bus is working on the post-usage strategy for its electric-vehicle batteries. The aim is to extend the life of the batteries in the first step and, if this is no longer possible, to recycle the raw materials contained in them. This can significantly increase the service life of the battery.

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