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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). Record electricity prices are forcing consumers to consider new forms of energy supply, driving the residential storage market in the near term.

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Roskill: Rising prices could be new norm for lithium industry

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In its second quarterly update to its Lithium: Outlook to 2030, 17 th Edition report, Roskill maintains the view that future refined lithium supply will remain tight, with a period of sustained supply deficit in the mid-2020s. The lithium-ion battery supply chain does not only depend on lithium.

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EIA: US ethane demand grew 9% in 2022, driven by petrochemical capacity additions

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million barrels per day (b/d), according to the US Energy Information Administration’s (EIA’s) Petroleum Supply Monthly. US ethane product supplied, a proxy for ethane consumption, averaged just under 2.0 Ethane prices nearly doubled during the first six months of 2022, from approximately 37 cents/gallon (gal), or $5.65

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Euro Manganese enters offtake term sheet with battery-maker Verkor

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The parties intend to enter an offtake agreement, whereupon the pricing mechanism and minimum tonnages outlined in the term sheet would become binding upon the signing by the parties of a legally binding offtake agreement, together with any other agreements necessary to give effect to the project.

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Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets

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Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. With demand expected to triple by 2035, shortages and price increases are also forecasted. Earlier post.).

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J.D. Power: new-vehicle transaction prices hit all-time high despite rising interest rates; sales volume constrained as inventory stays flat

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New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. The average transaction price for the first six months of 2022 is expected to reach a record of $44,907—a 17.5% increase in transaction prices. Power and LMC Automotive. increase from 2021.

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

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According to BNEF, developed countries and multilateral institutions should include electric vehicle investments, incentives and charging infrastructure deployments in their international climate finance plans, making capital available to emerging economies that have credible plans to develop this sector.