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Lux predicts energy storage market will hit $546B by 2035

Green Car Congress

The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Mobility applications remain the long-term growth and demand driver for energy storage through 2035, with personal mobility devices expected to increase to $43.7

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Volvo partnership will recycle EV batteries into energy storage

Teslarati

As the world transitions to sustainable transportation through electric vehicles (EVs), some are considering ways to reduce EV battery waste. One such company includes Volvo, which has announced a partnership to recycle old EV batteries into new energy storage systems.

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How Automotive Dealerships Can Save Money with Battery Energy Storage

Blink Charging

Automotive dealerships must prioritize upgrading their electric infrastructure to support the anticipated increase in electric vehicle (EV) sales, projected to reach 2.5 Discover key insights into incorporating battery storage for your dealership’s sustainable energy storage. What are battery energy storage systems?

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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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Nevada put big battery energy storage where a coal plant used to be

Baua Electric

Nevada utility NV Energy’s largest battery energy storage system sits on a former coal-fired power plant site and will save customers a lot of money. Energy Vault will maintain the system. It’s a two-hour energy storage system that stores and dispatches excess wind and solar power. Get started here.

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Albemarle lithium net sales up 410% in Q4 2022 to $2.1B

Green Car Congress

Albemarle reported that its Q4 2022 lithium net sales increased $1.7 Albemarle estimates Energy Storage net sales for 2023 to range between $8.3 Albemarle estimates Energy Storage net sales for 2023 to range between $8.3 Energy Storage volumes are projected to be up 30-40% in 2023 compared to 2022.

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Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

CN EV Post

The Megafactory is planned to initially produce up to 10,000 units of commercial energy storage batteries per year, with an energy storage scale of nearly 40 GWh, and the product will be available to the global markets. In the first quarter, Tesla's China-made vehicle sales were 229,322, up 25.88