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SK Innovation to build second EV battery plant in US, increasing investment to $2.5B

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billion in its US battery business to build two plants at its site in Commerce, Ga., SK Innovation broke ground on the first plant at the Georgia site in March 2019 and is expected to begin mass production in 2022. SK Innovation has increased investment plans for its Georgia EV battery site, shown here in a rendering.

Georgia 394
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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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In its International Energy Outlook 2019 (IEO2019), the US Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. 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.

Asia 220
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Street network patterns reveal global trend towards increasing urban sprawl

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New research from McGill University and the University of California, Santa Cruz has found that the local streets of the world’s cities are becoming less connected, a global trend that is driving urban sprawl and discouraging the use of public transportation. Different forms of gated communities were also found to be on the rise globally.

Global 195
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Energy major Total leads strategic investment into supplier of hydrogen fuel-cell powered commercial vehicles HYZON Motors

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HYZON Motors is a global supplier of zero-emissions hydrogen fuel cell powered commercial vehicles, including heavy-duty trucks, buses and coaches. The Horizon Fuel Cell group had already deployed around 400 fuel cells in commercial vehicles in 2019 before spinning off HYZON Motors in early 2020.

Hydrogen 435
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Volkswagen Group China building battery system factory in Anhui to strengthen BEV value chain

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Thus, Anhui is an important pillar of our global battery strategy. The global strategy leads from vertical integration in the raw material market via building battery plants, as well as cell factories in collaboration with partners—amongst them the Chinese battery expert Gotion—to second life solutions and recycling.

China 186
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Report: CCS capacity increased 33% in 2020

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Findings released by international think tank the Global CCS Institute show that the total capacity of carbon capture and storage (CCS) facilities operating and under development grew by 33% world-wide over the last year. Source: 2020 Global Status on CCS. World map of CCS facilities at various stages of development.

2020 332
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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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Global cumulative energy storage installations. BNEF’s Energy Storage Outlook 2019 predicts a further halving of lithium-ion battery costs per kilowatt-hour by 2030, as demand takes off in two different markets: stationary storage and electric vehicles. Source: BloombergNEF. —Logan Goldie-Scot, head of energy storage at BNEF.