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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

Wind 220
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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 mb/d in 2023, according to the forecast. OECD industry stocks also rose, by 42.5 At 2,669 mb, OECD industry stocks were nevertheless 290.3 mb/d this year, world oil demand is forecast to expand by 2.2 mb/d in 2022 to 2.2

Oil 210
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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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This trend was already underway before the pandemic, due to cost-competitive gas in key sectors including power, industry and transport, and major regions including Europe, North America and Asia. —Ashish Sethia, global head of commodities at BNEF. The hydrogen market is on the verge of a revolution. Source: BloombergNEF.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. 2010 vs 2011 forecasts.

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PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012

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This will bring the region in sync with the recent recoveries in North America and Eastern Europe and the continued growth in developing Asia-Pacific and South America, according to the consultancy. Global automotive industry regional highlights include: North America. The region is now forecasted to produce nearly 16.2

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New cost forecast model finds 2020 cost/kW for PEM fuel cell stacks and Li-ion high-power batteries could be roughly equal

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Researchers at Daimler AG and a colleague at Albstadt-Sigmaringen University have developed a new cost forecast model for hydrogen fuel cell stacks and Li-ion batteries using a two-factor experience curve approach. —Mayer et al. 2012.07.022.

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JRC study finds 8 metals for low-carbon energy technologies at risk of shortages; EVs, wind and solar, and lighting the applications of most concern

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The applications, i.e. technologies, of particular concern as a result are electric vehicles, wind and solar energy, and lighting. kg/MW) was been used, along with forecasts of demand. For hybrid and electric vehicles, this highlighted the sensitivity of the results to widely different demand forecasts.

Wind 290