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

Green Car Congress

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. Global investment in technologies to help the energy transition reached a record $1.3 Most of this (56%) will be put towards building 1.2

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

Green Car Congress

An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022 to 2030, according to the forecast—more than Japan’s entire power generation capacity in 2020. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Audi, along with ETOGAS, is building the first commercial-scale demonstration plant (6.3 Financing Project VGV: the Green Redemption Fund.

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Electric Vehicle Spotlight: Financing Rivian R1S

EV Life

After battling supply chain issues due to the global pandemic, Rivian finally began fulfilling orders for the R1S in August 2022. This article will explore the Rivian R1S, examining its available models and premium features and showcasing how financing the R1S through EV Life can save you both time and money.

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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change. The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5

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First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

Green Car Congress

The feasibility study demonstrates that the First Cobalt Refinery project can become a viable, globally competitive player in the North American and European electric vehicle (EV) supply chain. The study shows strong asset-level economics that position the refinery to be competitive globally and provide attractive investment returns.

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bp to invest up to $8B additional in transition growth engines by 2030, for cumulative $55-65B over 2023-2030

Green Car Congress

bp aims to build a leading position globally in hydrogen, initially supplying its own refineries, scaling up to meet growing customer demand and in parallel, as markets develop, developing global export hubs for hydrogen and its derivatives. It continued to strengthen its finances, reducing net debt by $9.2

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