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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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BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. 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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Geely begins mass production of commercial satellites; support for future vehicles

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Eighteen months after start of construction of its intelligent satellite production and testing center in Taizhou, China, Geely Technology Group has begun mass production of commercial satellites. Geely’s entry into the commercial satellite business is part of the Group’s transformation into a global mobility technology enterprise.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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This project will expand Anovion’s existing manufacturing capacity in Sanborn, NY—notably the only qualified US source of battery-grade synthetic graphite commercially shipping product today. Anovion’s selected site has critical infrastructure in place that will allow for an accelerated timeline for the construction of the facility.

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Siemens Energy to supply 1.8GW of electrolyzers to HIF Global for Texas eFuels facility

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eFuels company HIF Global ( earlier post ) and Siemens Energy reached an agreement under which Siemens Energy will supply electrolyzers to the HIF Matagorda eFuels Facility. We face a time of incredible expansion in hydrogen production amid global supply chain challenges.

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Vingroup member VinES and Li-Cycle launch global battery recycling partnership

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Li-Cycle Holdings, the leading lithium-ion battery recycler in North America, and Vines Energy Solutions ( VinES ), a Vingroup company that specializes in the research, development and manufacturing of advanced batteries for mobility and energy storage applications, launched a global recycling partnership.

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Volkswagen global EV production network grows with launch of second German site in Emden

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Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 Buzz will commence this year at Volkswagen Commercial Vehicles in Hanover. 4’s start-up is on schedule, despite the global challenges during the two-year conversion phase. 4 in Emden. Chattanooga (ID.4)

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Plus raises $200M in new funding to advance global commercialization of its automated trucks

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Plus plans to use the new funds to accelerate the global commercialization and deployment of its automated trucking system. The company will also scale deployments in the US and China, and expand internationally to Europe and other parts of Asia. Existing investors including Full Truck Alliance (FTA) also participated.