Remove Cost Of Remove Financing Remove Grid Remove Industrial
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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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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. This includes spending on renewables such as wind and solar as well as grid and other infrastructure. The cost of geopolitics.

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

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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. This would help speed up the return on investment in VGV for the development costs of the energy transition. Diagram: Isabelle Plat.

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XL Fleet and eNow partner to electrify refrigerated trailers

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Additionally, the partnership enhances XL Fleet’s strategic position to collaborate with important Class 8 transportation customers, providing potential cross-selling opportunities for XL Fleet’s integrated solutions offering, including electrified powertrains and XL Grid charging infrastructure.

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO).

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DOE releases draft energy storage grand challenge roadmap and requests stakeholder input

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To accomplish these goals, the Manufacturing and Supply Chain Track will pursue five types of activities, in coordination with industry and other ESGC tracks. These mechanisms will enable the commercialization, private sector financing, and deployment of energy storage technologies.

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Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Electra Vehicles

The new funding will support scaling operations and continuing to deploy innovative software technology that solves the electrification industry's largest problems, including range, lifetime, and safety concerns.

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Additional $47M to 7 ARPA-E SCALEUP projects; $27M to 3 advanced battery projects for EVs and electric aviation

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These new SCALEUP teams are receiving funding to support the scaling of high-risk and potentially disruptive new electric vehicle battery, data center efficiency, grid modernization, emissions mitigation, and storage technologies. This project will demonstrate that the IM PE can be a low-cost component in safe, solid-state Li-ion batteries.

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