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

Green Car Congress

The falling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg NEF (BNEF). The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2

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Tesla Australia & New Zealand celebrate 100,000 units on the road

Teslarati

Tesla Australia and New Zealand recently celebrated having 100,000 units on the road. Tesla Executive Rohan Patel joined the celebration, dropping some facts about the company’s presence in Australia and New Zealand. This is just the start for Tesla [Australia and New Zealand],” Patel commented.

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

Green Car Congress

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). Global cumulative energy storage installations. Source: BloombergNEF.

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Albemarle to invest ~US$1B to double lithium hydroxide output at Kemerton to up to 100 ktpa

Green Car Congress

Albemarle Corporation announced its decision to build two additional processing trains at the Kemerton lithium hydroxide plant in Western Australia. million electric vehicles annually. million electric vehicles annually.

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Allkem and Livent to merge to create $10.6B lithium producer, one of world’s largest

Green Car Congress

Australia-based Allkem and US-based Livent announced a definitive agreement to combine in an all-stock merger of equals valuing the combined company at US$10.6 Livent has nearly eight decades of experience producing a diverse range of lithium chemicals for energy storage and other specialty applications. billion (A$15.7

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Tesla Energy director believes Australia can become a large supplier of lithium

Teslarati

Tesla Energy director Mark Twidell believes Australia is well-positioned to become a large supplier of lithium as demand for electric cars and large energy storage units continues to rise. During the event, the Tesla executive said that Australia had a big opportunity in exporting lithium around the world. .

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Tesla aims to speed up Powerwall distribution in Japan

Teslarati

Tesla’s partnership with Yamada Holdings hints that it is ready to ramp up its residential battery energy storage system in Japan. The US-based company has steadily grown its energy business for the past year. Tesla has also had some success with the Powerwall and Megapacks in Australia.

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