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Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

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A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.

Hydrogen 474
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Juniper Research: EV battery pack shipments to reach 30M units in 2027, up from 10M in 2022; led by commercial vehicles

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A new study from Juniper Research forecasts that the volume of electric vehicle battery pack shipments will reach 30 million in 2027 up from 10 million in 2022. The study predicts that this growth will be strongest within the commercial segment, with commercial electric vehicle battery pack shipments growing from 1.4

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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). BNEF has more than doubled its estimates for energy storage deployments from 2025 to 2030 across Europe from previous forecasts.

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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

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In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 European Light Commercial Vehicle Sales 2018. IDTechEx says that the light commercial vehicle market is uniquely positioned to rapidly transition to electric vehicles. million units annually by 2030.

Global 259
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Heliogen and Bloom Energy demonstrate production of low-cost green hydrogen; concentrated solar and high-temp electrolysis

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Electricity accounts for nearly 80% of the cost of hydrogen from electrolysis. In addition, the ability to use heat, which is a much lower cost source of energy than electricity, further improves the economics of green hydrogen production. By using less electricity, hydrogen production is more economical and accelerates adoption.

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IDTechEx forecasts second-life EV battery market to reach US$7B by 2033

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IDTechEx forecasts that the second-life EV battery market will reach US$7B in value by 2033. The second-life EV battery market adds value to future energy infrastructure, creates a circular economy for electric vehicle (EV) batteries, and provides a lower levelized cost of storage compared to new batteries.

Market 195
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Mangrove Lithium closes $10M Series A to build first commercial-scale processing plant

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Mangrove Lithium, the developer of a platform for the cost-effective production of battery-grade lithium hydroxide and carbonate from diverse input streams and assets, closed a $10-million Series A investment round led by Breakthrough Energy Ventures (BEV) with participation from existing investor BDC Capital’s Cleantech Practice (BDC).