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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). Record electricity prices are forcing consumers to consider new forms of energy supply, driving the residential storage market in the near term.

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Australian-German business coalition releases roadmap for large-scale green hydrogen import to Germany

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A group of leading German companies along with Australia’s Fortescue Future Industries (FFI) has released a green hydrogen roadmap, outlining a set of recommendations for government and industry, to meet the ambitious target of importing large amounts of green hydrogen from Australia to Germany. Source: RMI analysis).

Germany 305
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Groundbreaking for Mercedes-Benz battery recycling factory in Kuppenheim, Germany

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Mercedes-Benz held its groundbreaking ceremony for a new battery recycling factory in Kuppenheim, Germany, which will help reduce resource consumption and establishing closed-loop recycling of battery raw materials. Mercedes-Benz lays the foundation for a sustainable battery recycling factory in Kuppenheim in southern Germany.

Mercedes 372
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.

Companies 430
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ADNOC sends first low-carbon ammonia shipment from the UAE to Germany

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Abu Dhabi National Oil Company’s (ADNOC’s) first shipment of low-carbon ammonia recently left the United Arab Emirates (UAE) bound for Hamburg, Germany. This is the first cargo of low-carbon ammonia to be shipped to Germany.

UAE 218
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Germany and Australia to establish alliance on green hydrogen supply chain

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German Federal Minister of Economics Peter Altmaier and Federal Minister of Research Anja Karliczek, together with their Australian counterpart, Energy Minister Angus Taylor, have signed a letter of intent to establish a “Germany Australia Hydrogen Accord” to facilitate a green hydrogen supply chain between the countries.

Australia 334
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SVOLT builds additional battery cell factory in Germany for European market

Electric Cars Report

SVOLT), a global high-tech company with headquarters in China and with a European office in Frankfurt am Main, announced that it will build another battery cell factory for the European market in Lauchhammer (district of Oberspreewald-Lausitz in the German State of. SVOLT Energy Technology Co.,

Germany 104