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Battery-led storage deployments need to sextuple globally says IEA

Smart Energy International

Despite immense cost cuts and their deployment in the power sector last year more than doubling, batteries need to lead a sixfold increase in global energy storage deployments to enable the world to meet 2030 targets, says the International Energy Agency (IEA). But today, the energy sector accounts for over 90% of overall battery demand.

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Kauai to Hit 80% Renewable Power With Solar-Charged Hydro Storage

GreenTechMedia

With several lithium-ion battery installations to shift solar generation into later parts of the day, Kauai has gone for as long as nine hours in a day on entirely renewable electricity production. A small battery next to the solar facility will keep the pumps running smoothly when clouds are blocking the sun.

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NorthVolt’s Battle Plan to Win the Upcoming Battery-Wars

Mr. Sustainability

An introduction to the battery company NorthVolt and its strategy Summary - NortVolt, led by Tesla-Veteran Peter Carlsson, is building the very first European battery gigafactory. What is NorthVolt’s strategy to create a European battery power basis? He came back to build his own battery factory. million jobs, vulnerable.

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Rising battery storage costs: A long-term trend or short term blip?

Business Green

The price of battery energy storage systems rose for the first time since records began in 2022, as raw material and component costs soared, and developers and system integrators increased their margins in the face of challenging economic headwinds and soaring energy costs worldwide. link] pic.twitter.com/C55UHprYIv.

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Can Gas-Fired Power Plants Coexist with a Net-Zero Target? Yes, Southern Company Insists

GreenTechMedia

That means Southern Company intends to keep building new natural gas power plants to meet its supply needs, even as it grows its renewable energy portfolio from 9 gigawatts today to about 14 GW by 2024.

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? Blackrock’s $550M DAC bet #174

Climate Tech VC

  In deals, major funding for transportation including $144M for Indian EVs, $33M for rare earth-free magnets, and $15M for battery recycling.    In a ray of sunshine, US solar generation is expected to surpass hydropower for the first time in 2024.   Thanks for reading! Not a subscriber yet?

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Look forward to 2024 predictions from many of your favorite clairvoyant climate voices. conditional commitment to Ford’s battery manufacturing program. 💨 Private equity and O&G bet big on climate tech’s next frontiers: DAC and lithium. 🏦 The Loans Program Office kept busy.