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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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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

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BASF pitching NiMH batteries for grid energy storage applications

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BASF Battery Materials will discuss its latest improvements in Nickel Metal Hydride (NiMH) battery technology for grid energy storage applications at the 8 th International Renewable Energy Storage Conference and Exhibition (IRES 2013), being held 18-20 November 2013 in Berlin, Germany.

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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.

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Geely supporting Danish initiative on e-methanol with vehicle trials in Aalborg

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Denmark has been a global leader in sustainability, and has pledged to reduce its carbon emissions by 70% by 2030. In 2016, Geely Holding invested in Carbon Recycling International (CRI) which utilizes renewable energy and carbon capture to synthesize green e-methanol on an industrial scale.

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DOE releases Energy Storage Grand Challenge Roadmap; 44% reduction in manufactured cost for 300-mile EV pack by 2030

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DOE also released two companion ESGC reports: the 2020 Grid Energy Storage Technology Cost and Performance Assessment and the Energy Storage Market Report 2020. kWh levelized cost of storage for long-duration stationary applications, a 90% reduction from 2020 baseline costs by 2030.

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Octillion Power Systems debuts new EV battery-leasing plan

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Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. Access to the program will be on a first-come, first-served basis.

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