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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 rise of gigafactories.

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Heliogen and Bloom Energy demonstrate production of low-cost green hydrogen; concentrated solar and high-temp electrolysis

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Heliogen’s AI-enabled concentrated solar energy system is designed to create carbon-free steam, electricity, and heat from abundant and renewable sunlight. When combined with Bloom’s proprietary solid oxide, high-temperature electrolyzer, hydrogen can be produced 45% more efficiently than low-temperature PEM and alkaline electrolyzers.

Low Cost 397
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Gigastack renewable hydrogen from offshore wind project advances to next phase; 100MW electrolyzer system

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million for the next phase of Gigastack, a new renewable hydrogen project, as part of the Department for Business, Energy and Industrial Strategy (BEIS) Hydrogen Supply Competition. Producing hydrogen has traditionally been associated with high carbon emissions, but by using renewable electricity—e.g., Earlier post.).

Wind 379
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Westinghouse, Bloom Energy to accelerate large-scale hydrogen production in nuclear industry; high-temperature integrated electrolysis

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The companies are teaming to identify and implement clean hydrogen projects across the nuclear industry. Westinghouse and Bloom Energy will jointly develop an optimized and large-scale high-temperature integrated electrolysis solution for the nuclear industry. —Rick Beuttel, vice president, hydrogen business, Bloom Energy.

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Los Alamos and Oberon Fuels receive DOE funding to produce renewable hydrogen from renewable DME (rDME)

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DME is a hydrogen-rich molecule that can be produced from waste and/or renewable resources using Oberon’s modular production technology. Because DME handles like propane/liquefied petroleum gas (LPG), it requires minimal modifications to the existing global LPG distribution network and leverages the expertise of its existing workforce.

Renewable 221
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Amyris achieves record low cost farnesene production; sales growth in performance polymers and industrial solvents markets

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Amyris, Inc., , a company which converts plant-sourced sugars into renewable hydrocarbons, reports achieving a record low manufacturing cost of $1.75 Amyris’ farnesene is a renewable hydrocarbon molecule addressing growing demand in a broad range of applications, from diesel and jet fuel to high-performance materials.

Polymer 150
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TEPCO and Toyota develop stationary storage battery system using EV batteries

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The storage battery market is expected to continue growing in light of the spread of renewable energy and electrified vehicles, as well as the global trend toward carbon neutrality.

Toyota 416