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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. "Now, That pushes potential completion out to at least 2024, depending on how things go. We need long-duration storage.".

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Battery-led storage deployments need to sextuple globally says IEA

Smart Energy International

The most common type of batteries, those based on lithium-ion, have typically been associated with consumer electronics. 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.

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

Mr. Sustainability

That battery factory, with a planned capacity of 40 gigawatt hours, will run on clean and cheap hydropower starting next year. The demand for lithium-ion batteries is therefore going to 'explode', says Carlsson. In baking ovens, materials for batteries such as lithium are dried. Photo: Nils Petter Nilsson for the FD.

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? Blackrock’s $550M DAC bet #174

Climate Tech VC

  Early-Stage 🔋 Princeton NuEnergy , a Bordentown, NJ-based lithium-ion battery recycling platform, raised $16M in Series A funding from Wistron Corporation, Honda, GS Futures, Traxys North America, Shell Ventures and other investors.   Solar is expected to generate over 318 billion KWh next year in the US.

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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. 💨 Private equity and O&G bet big on climate tech’s next frontiers: DAC and lithium. Blackrock injected $550M into Oxy’s DAC plant and ExxonMobil unveiled its first-ever lithium mining operation.