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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

Green Car Congress

BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy.

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Role of Batteries in Clean Energy Transitions – ET Auto

Baua Electric

The alliance, including India, aims to secure 5 GW of battery energy storage by 2024, aligning with the long-term goal of developing 90 GW of storage capacity worldwide. However, beyond celebrating this achievement lies a broader recognition of the crucial role batteries play in driving clean energy transitions worldwide.

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Is Rivian planning a Tesla Powerwall-like home energy storage system?

Baua Electric

Is Rivian planning its own home energy system like the Tesla Powerwall? The EV maker’s recent patent for an Energy Storage Device hints one could be coming. Rivian energy storage device (Source: USPTO) The patent shows an image of an EV hooked up to an energy storage device.

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Li-Ion battery manufacturer RCRS Innovations to invest INR 50 cr to scale capacity – ET Auto

Baua Electric

With this, the company is gearing up to meet the growing demand for clean energy storage solutions, according to a company statement. RCRS Innovations manufactures Li-Ion battery packs and solar panels in two separate plants in Delhi NCR with primary applications in clean (renewable) energy storage and solar lighting.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability.

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New member benefit: Electric Auto Association partners on clean energy and EV loans

Electric Auto Association

EAA partners with credit union to offer loans on clean energy, EVs, and e-bikes. By: Ron Freund, Electric Auto Association Director. The Electric Auto Association and Colorado-based Clean Energy Credit Union have partnered on a new member benefit. E-bikes are also included.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

Growth in China’s battery storage capacity could slow down in 2024, according to an industry association, as energy storage struggles with low profitability. That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper.

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