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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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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. Grid-connected battery farms back up renewables when the sun is not shining or the wind is not blowing and are considered important to help integrate clean energy into power grids.

Auto 52
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Roskill: CO2 emissions from lithium production set to triple by 2025

Green Car Congress

The high emissions intensity of refining concentrate to lithium carbonate or hydroxide, in part driven by China’s power grid mix and reliance of coal. The low emissions output from mining equipment and on-site vehicles, despite their comparatively high energy intensity.

Emissions 459
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PNNL study finds 2028 grid resource adequacy likely sufficient for high EV penetration; managed charging strategies can double adequacy

Green Car Congress

A new study of the impact of high EV adoption on the Western US power grid by a team from Pacific Northwest National Laboratory (PNNL) has found that 2028 grid resource adequacy—from generation through transmission—is likely to be sufficient for high EV penetration.

Grid 396
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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Yet, its natural gas output will still comprise 85% of its total production by the end of the forecast period. NASDAQ:TSLA) a run for its money thanks to its 2016 acquisition of battery company Saft. Natural gas does produce about 28% less CO2 emissions than heating oil and 50% less than coal for the same amount of energy when burned.

Oil 418
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CMU researchers find controlled charging of PHEVs can cut cost of integration into electricity system by 54-73%; higher benefits with wind power

Green Car Congress

To compensate for the increased amounts of these inherently–variable sources of electricity, the power grid requires additional flexibility to manage fluctuations in generation. They used hourly data for wind and load and assumed perfect information (no forecast error) to focus on capacity expansion and unit commitment decisions.

Wind 286
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World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives

Green Car Congress

Industry forecasts suggest that the global electric vehicle sales will contribute between 2% to 25% of annual new vehicle sales by 2025, with the consensus being closer to 10%. This is largely due to China’s strength in batteries and motors. The first emerging standard is for vehicle charging.

China 199