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

Green Car Congress

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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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. For more articles, please visit CnEVPost.

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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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Thermal Energy Storage Is No Longer Just Hot Air

Cars That Think

The company is building these shipping container systems, which work like giant batteries that store energy as heat and pressurized air , rather than a chemical reaction (Cheesecake’s name is derived from a nerdy acronym for their technology.) Recent years have seen the construction of large lithium-ion battery farms that do just that.

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Benchmark: Saudi Arabia is building an EV battery supply chain

Green Car Congress

Among the deals: June 2023: Australian startup European Lithium and Saudi Arabia’s Obeikan Investment Group announced an agreement to create a joint venture to build and operate a lithium hydroxide refinery in Saudi Arabia. Spodumene prices are currently around $3,650 a tonne, according to Benchmark’s Lithium Price Assessment.

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Stora Enso building €10M pilot plant to produce hard carbon from lignin; electrode materials

Green Car Congress

Stora Enso is investing €10 million to build a pilot facility for producing bio-based carbon materials based on lignin. Wood-based carbon can be utilized as a crucial component in batteries typically used in consumer electronics, the automotive industry and large-scale energy storage systems.

Carbon 359
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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. The R2 will be cheaper than its current models, with starting prices around $40,000 to $50,000. It can also include solar power to harness clean energy from the sun.