Remove Cost Of Remove Energy Storage Remove Low Cost Remove Transportation
article thumbnail

BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

Green Car Congress

Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.

article thumbnail

Faraday Institution to award up to £55M to five consortia for energy storage research

Green Car Congress

The ultimate aim of the research is to facilitate improvements in batteries used for transport and other applications such as grid storage with improved performance and cost characteristics. Its aim is to put on the path to commercialisation a safe sodium ion battery with high performance, low cost and a long cycle life.

article thumbnail

DOE launches Hydrogen Shot Fellowship

Green Car Congress

The first Energy Earthshot, launched 7 June—Hydrogen Shot—seeks to reduce the cost of clean hydrogen by 80% to $1 per 1 kilogram in 1 decade (“1-1-1”). Achieving the Hydrogen Shot’s $1/kg cost goal will enable new markets for hydrogen, including energy storage, steel manufacturing, clean ammonia, and heavy-duty trucks.

Hydrogen 321
article thumbnail

RAL proposes new efficient and low-cost process to crack ammonia for hydrogen using sodium amide; transportation applications

Green Car Congress

As an abundant and inexpensive material, the development of NaNH 2 -based NH 3 cracking systems may promote the utilization of NH 3 for sustainable energy storage purposes, they suggest. These calculations indicate that ammonia-based transportation is achievable. decomposition efficiency with 0.5 —David et al.

Sodium 210
article thumbnail

€12M Current Direct project seeks to support marine electrification with swappable containerized battery system

Green Car Congress

Current Direct , a new €12-million research and innovation project funded by the European Commission’s Horizon 2020 program, is proposing an innovative lithium-ion cell optimized for waterborne transport, using novel manufacturing techniques allowing for a consistent cost reduction compared to the current market prices.

Mariner 305
article thumbnail

GlobalData: hydrogen to become game changer as large-scale source of cleaner power

Green Car Congress

GlobalData’s latest report, ‘ Thematic Research: Hydrogen ’, highlights that countries worldwide are striving to accelerate the development and use of hydrogen technology to tackle environmental concerns and enhance energy security. Hydrogen fuel can be stored for long periods, in quantities limited only by the size of storage facilities.

Hydrogen 199
article thumbnail

Cornell team develops aluminum-anode batteries with up to 10,000 cycles

Green Car Congress

Friend Family Distinguished Professor of Engineering, have been exploring the use of low-cost materials to create rechargeable batteries that will make energy storage more affordable. So if we have a longer service life, then this cost will be further reduced. They also have a very long cycle life.

Batteries 454