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

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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.

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

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Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energy storage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

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FREYR Battery to site US gigafactory in Georgia; initial investment $1.7B, growing to $2.6B through 2029

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FREYR Battery announced the selection and purchase of a site in Coweta County, Georgia for its planned Giga America battery plant. The SemiSolid platform enables capital and energy efficient production of lithium-ion batteries at scale.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

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Widely ignored, although gaining attention, is China’s strategic positioning as a crucial gatekeeper to several key “green” technologies, including battery energy storage to support electric vehicles (EVs)—specifically, battery electric vehicles (BEVs)—along with stationary storage for power grids.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.

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BLUETTI expands its Solar+ program to three more states

Baua Electric

Following a successful launch in Texas last year, energy storage leader BLUETTI is expanding its Solar+ program to California, Massachusetts, and North Carolina. BLUETTI believes that a quality solar and battery storage system with good service support doesn’t have to come at a premium price.

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