Remove Africa Remove Energy Storage Remove Global Remove Renewable
article thumbnail

BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.

article thumbnail

GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

Green Car Congress

The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market.

article thumbnail

BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

Green Car Congress

In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming. from the year prior.

Carbon 418
article thumbnail

Jaguar Land Rover partners with Pramac to create charging unit using second-life Jaguar I-PACE batteries

Green Car Congress

Jaguar Land Rover has partnered with Pramac , a global leader in the energy sector, to develop a portable zero-emission energy storage unit powered by second-life Jaguar I-PACE batteries.

article thumbnail

Hynfra and Amarenco MENA form strategic partnership to produce hydrogen and ammonia in MENA region

Green Car Congress

Poland-based Hynfra has signed a framework cooperation agreement with Amarenco MENA, a major developer of renewable energy projects in the Middle East and North Africa and part of Amarenco Group. The area has high solar radiation levels, making it an ideal location for large-scale solar energy production. Hynfra P.S.A.

Hydrogen 150
article thumbnail

BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Green Car Congress

However, the raw materials for batteries are, in most cases, imported into China from Africa and refined before being exported to Europe. Africa has a wealth of critical battery raw materials and is in a position to use these to attract more value-add in downstream processing and manufacturing.

Africa 221
article thumbnail

Vanadium Recovery Project targeting significant increase in vanadium production in Europe with low emissions

Green Car Congress

It is becoming recognized as a significant addition to new lithium-ion chemistries used in electric vehicles as well as in VRFBs used for long duration energy storage solutions from renewable sources. Currently, approximately 75% of global vanadium supply is sourced from China, South Africa, and Russia.

Europe 243