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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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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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Naturgy and Enagás studying production of green hydrogen from 350 MW of wind power in Asturias

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Naturgy and Enagás are studying the production of green hydrogen from a 250MW floating offshore wind farm and another 100MW onshore wind farm in Asturias (Spain) for industrial consumption in this Autonomous Region. Enagás and ACCIONA launch green hydrogen project in Mallorca.

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Cargill, BAR Technologies testing WindWings on cargo vessel

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meters in height that can be fitted to the deck of cargo ships to harness the power of wind. Wind is a near marginal cost-free fuel and the opportunity for reducing emissions, alongside significant efficiency gains in vessel operating costs, is substantial.

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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. billion raised, is the lowest quarterly total since 2Q 2020.

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Wind-powered offshore enhanced oil recovery concept moves closer to implementation

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The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection. WIN WIN uses a floating wind turbine as a platform for an autonomous water injection system.

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Lux forecasts global market for carbon fiber composites to more than double to $36B in 2020; aerospace and wind to lead

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As innovative new production technologies lower carbon fiber cost, the global market for carbon fiber reinforced plastics (CFRPs) will more than double to $36 billion in 2020, growing at a compound annual growth rate of 13% from $14.6 Among their findings: Cutting precursor costs is critical. kg today to $10.5/kg