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

Green Car Congress

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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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

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Under the new plan, the company aims to boost annual global BEV sales to 1.87 million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. The innovation will be expanded to global plants in the future.

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Navigant: China leads global smart meter market with 68% of tracked installations

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China continues to lead the global smart meter market through 1Q 2017 with upwards of 408 million meters installed, accounting for 68.3% of tracked installations, according to a new report from Navigant Research. The report, Global AMI Tracker 2Q17 , provides an analysis of global utility smart meter projects.

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HIF Global, Porsche and Volkswagen Group unveil new direct air capture unit to be installed at eFuels plant in Chile in 2024

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At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Earlier post.) Why not combine the two? Earlier post.)

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Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%

CN EV Post

CATL and BYD remained the top two players in the global EV battery market in the first two months, with the former's share remaining stable and the latter rising. percent from the previous year, according to data released today by South Korean market research firm SNE Research. BYD installed 13.7 GWh, up 39.0 GWh, up 39.0

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. APAC will continue to be the largest market, reaching $6.05 billion by 2023, according to a new forecast by GlobalData.

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Norsepower announces installation of five tiltable rotor sails on newbuild VLOC chartered by Vale

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the leading global provider of auxiliary wind propulsion systems, announced the installation of five tilting Rotor Sails ( earlier post ) on board a new-build Very Large Ore Carrier (VLOC) chartered by Vale, the Brazilian mining company. Norsepower Oy Ltd.,