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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). This is a new era of dispatchable renewables, based on new contract structures between developer and grid.

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

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BNEF’s latest Long-Term Energy Storage Outlook sees the capital cost of a utility-scale lithium-ion battery storage system sliding another 52% between 2018 and 2030, on top of the steep declines seen earlier this decade. China, the US, India, Japan, Germany, France, Australia, South Korea and the UK will be the leading countries.

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3 Oil Majors That Bet Big On Renewables

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Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. What separates the Italian major from the likes of Repsol and BP with comparable commitments is that ENI has pledged to rein in Scope 3 emissions as well--or emissions generated by ENI’s supply chain partners and end-users.

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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The City of Lancaster will supply guaranteed feedstock of recyclables, and will save between $50 to $75 per ton in landfilling and landfill space costs. It can also provide lowest-cost long-term storage for electrical grids relying on renewable energy. The facility will process 42,000 tons of recycled waste annually.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

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Navigant’s analysis indicates that only buyers in California and Oregon will purchase sufficient numbers of vehicles in order to meet the ZEV requirement in 2018 and 2019. IER, which runs Autolib, is expanding to Lyon and Bordeaux in France and will have its initial U.S. By 2022, not even California will meet the 10% ZEV requirement.

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Australia Goes All-in on Green Hydrogen

Cars That Think

And while coal plants still supplied over half of Australia’s power in 2021, change is afoot. The other glimmer of reality is a project in Gladstone to build one of the world’s largest electrolyzer-manufacturing plants, which promises to provide a local source of equipment amid ongoing chaos in global supply chains.

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This Fusion Reactor Is Held Together With Tape

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The largest by far is Iter , a collaborative international effort to build a massive tokamak in Cadarache, France. The Iter project has greatly increased researchers’ knowledge about magnetic-confinement fusion and spurred the development of the industry’s highly specialized global supply chain and workforce.

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