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Lux predicts energy storage market will hit $546B by 2035

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The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Residential storage has a CAGR of 76% and $8 billion revenue increase over the next three years, followed by personal mobility with a CAGR of $49% and $4.6 billion revenue in 2019.

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Tesla could be ‘passing the torch’ to this person as executives depart

Teslarati

Pat, in our absence, the torch passes to you to keep pushing to liberalize energy markets to unlock the full value of energy storage! The post Tesla could be ‘passing the torch’ to this person as executives depart appeared first on TESLARATI. Thanks for kind words Pat and Rohan.

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Johnson Controls endowing University of Wisconsin System for energy storage research

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is endowing a professorship, research labs and graduate studies in energy storage at the University of Wisconsin-Madison and the University of Wisconsin-Milwaukee. Part of the funding will support the creation of The Johnson Controls Energy Storage Research Lab at UW-Madison. Johnson Controls, Inc.

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Mercedes-Benz Trucks opens charging park for customers in Wörth

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At the same time, the eTruck Charging Park also tackles important issues such as grid connection, local energy generation, energy storage, and intelligent management of charging processes. One focus of the eTruck Charging Park is on personal customer consulting, known as eConsulting.

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NAATBatt Coalition recommends deployment of up to 300 GWh of distributed energy storage systems by 2022

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A coalition of 13 leading industrial companies and electric utilities, including General Motors Company, The Dow Chemical Company and Duke Energy, issued a white paper recommending the installation of up to 300 GWh of distributed energy storage (DES) systems around the country by 2022.

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Battery analytics platform TWAICE announces $30m funding led by Coatue

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The round extension, which includes personal investment from Lip-Bu Tan and participation from existing investors, builds on TWAICE’s $26 million Series B in May 2021 led by Energize Ventures. TWAICE, a battery analytics company, has secured $30 million in additional Series B financing led by global investment firm Coatue.

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Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain

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Among its businesses, Phillips 66 is a leading global manufacturer of specialty coke, a key precursor in the production of batteries that power electric vehicles, personal electronics, medical devices and energy storage units.

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