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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

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The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit. Cost is the name of the game.

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IDTechEx: EV market doubles down on permanent magnets despite material costs

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The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 times higher than it was between 2013-2020. the average value between 2013-2020. Induction motors use a copper cage or windings on the rotor and use an asynchronous operating principle.

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power. —IEA Executive Director Fatih Birol.

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McMaster switched reluctance motor spinout Enedym closes $15M funding round

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The Enedym team has developed a disruptive way to design electric motors at a fraction of the time and cost of existing methods. In a switched reluctance motor, torque is produced by the magnetic attraction of a steel rotor to stator electromagnets; there are no permanent magnets, and the rotor carries no windings. Earlier post.).

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Cemvita demonstrates “gold hydrogen” production in situ, sets up subsidiary

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Traditional methods of producing hydrogen without greenhouse gas emissions (green hydrogen) include electrolysis powered by renewable sources such as wind, solar, or hydro. billion in 2020. According to a report from S&P Global Commodity Insights, the cost of electrolytic hydrogen from renewable energy spiked as high as $16.80/kg

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US Departments of Energy and Interior unveil national offshore wind strategy and major offshore wind initiatives

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Unveiling a coordinated strategic plan to accelerate the development of offshore wind energy, Secretary of the Interior Ken Salazar and Secretary of Energy Steven Chu announced steps forward in support of offshore wind energy in the United States, including new funding opportunities for up to $50.5 Next-Generation Drivetrain (up to $7.5

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SOFC-maker Bloom Energy announces initial strategy for hydrogen market entry; partnership with SK

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By the end of 2020, Bloom expects to ship a 100 kW pilot server to South Korea to power an SK E&C facility in early 2021. Over time, it has improved the efficiency and aggressively reduced the cost of its products and expects this trend to continue. —KR Sridhar, founder, chairman, and CEO of Bloom Energy.

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