Remove Asia Remove Electricity Remove Lithium Remove North America
article thumbnail

Global Energy Trends From The 2023 Statistical Review Of World Energy

R-Squared Energy

The decline was attributable to record price levels in Europe and Asia in 2022, rising nearly threefold in Europe and doubling in the Asian LNG spot market. Global electricity generation increased by 2.3% Renewables (excluding hydro) met 84% of net electricity demand growth in 2022. Henry Hub prices rose over 50% to average $6.5/MMBtu

article thumbnail

Britishvolt agrees €36m deal for German battery tech firm EAS

Business Green

Britishvolt has agreed to purchase German lithium-ion battery cell technology developer EAS for €36m, as the UK-based firm looks to continue its rapid expansion in the energy storage and electric vehicle (EV) battery market.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Technology Trending: superfast EV charging, propane for aircons, Robobug, zero-emission yachting

Smart Energy International

Machine learning based battery charging protocols, propane as an energy efficient and environmentally friendly coolant for space cooling, the remotely controlled Robobug and a new light on nano-level electrical circuitry, satellite observations for energy development in Africa and a zero emission luxury catamaran are on the technology radar.

article thumbnail

Charging to the front: Battery M&A activity continues on back of bullish long-term outlook for sector

Business Green

UK-based redT energy and US Avalon Battery Corporation have merged to create a new company, named Invinity, which will produce vanadium redox flow batteries, a key competitor to conventional lithium-ion technology that is tipped to become a £3.5bn market by 2028.

article thumbnail

Smart grids are spurring demand for BESS – study

Smart Energy International

The growing need for steady and reliable electricity and energy storage systems in important infrastructures have been found as the main driving forces for the global BESS market. Other drivers include the rising use of energy storage systems based on lithium-ion batteries and use of grid energy storage solutions. billion by 2026.

Demand 98
article thumbnail

How Umicore is ensuring sustainability in the North American EV battery chain

Charged

Umicore started developing battery materials in Asia in the mid-1990s. The Inflation Reduction Act heavily incentivizes production of battery raw materials in North America, and OEMs and battery makers are rushing to establish production of cathode active materials and precursors in the region.

Batteries 119
article thumbnail

Investors Still Betting on Next Big Energy Storage Technology: Solid-State Batteries

GreenTechMedia

may have fallen behind Asia and Europe in battery manufacturing, but a number of well-funded companies are looking to get the country back in the game with a technology that could supersede today’s lithium-ion chemistries. “Solid-state is a platform that allows things like metallic lithium as an anode,” he said.

Batteries 235