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Megawatt charging could outshine hydrogen in semis, says report

Envirotec Magazine

The final publication of the standard and commercial rollout is expected in 2024. Challenges in implementing MCS (source: IDTechEx report “Charging Infrastructure for Electric Vehicles and Fleets 2024-2034”). MCS can also draw power from various sources, including renewable energy such as wind, solar, and hydropower.

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Battery-led storage deployments need to sextuple globally says IEA

Smart Energy International

In this scenario, overall energy storage capacity increases sixfold by 2030 worldwide, with batteries accounting for 90% of the increase and pumped hydropower for most of the rest. The EV outlook found that EV sales continue to rise and could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide.

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SNAP invests in Phillipines energy storage

Smart Energy International

The project will be located at the Magat hydropower plant in Ramon, Isabela in the Philippines. The energy storage project is in final preparations for construction, which will start in 2022, with a targeted commercial operation date in 2024. A first for both partners. EPC and financing. Sign up to our newsletter and stay informed.

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Sweden’s ‘largest solar energy deal’ signed

Renewable Energy World

The deal highlights the importance of solar energy in helping both Sweden and Europe to achieve energy transition goals, according to a statement. Kenny Fogel, CEO of HPSolartech, said: “I know many people think solar power is out of the question in Northern Europe, but in fact, it is quite the opposite.

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

Mr. Sustainability

An interview with CEO Peter Carlsson, who urges Europe to quickly build on its own battery knowledge. That battery factory, with a planned capacity of 40 gigawatt hours, will run on clean and cheap hydropower starting next year. Our estimate is that Europe will need 800 gigawatts of battery power within ten years.

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

Business Green

But if the next two years could result in a worrying setback for energy storage and the clean energy transition, BloombergNEF said it expected the recent increase in battery costs to be short-lived, predicting that costs could start to decline again from 2024, before dropping below 2021 prices in 2026.

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4 Climate Stories that Will Define 2024

The City Fix

Last year shattered global heat records. The world witnessed the effects of rising temperatures in the form of devastating wildfires, severe flooding, extreme heatwaves and more. Poor countries and communities who have contributed the least to causing the climate crisis.