Global sales of electric vehicles (EVs) and plug-in hybrids (PHEVs) exceeded 3 million for the first time in 2020, despite the economic headwinds imposed by COVID-19. This visualization presents a geographic breakdown of these sales, revealing that more than 80% were made in Europe or China. The EU was the largest market with a margin...Continue Reading
Ireland has known a rapidly growing energy storage market with today more then 2.5 GW projects in the pipeline. Transitioning to renewable energy puts Ireland 40% on target, yet it will need energy storage to ensure grid stability. Source : Energy Storage News https://www.energy-storage.news/blogs/video-irelands-energy-storage-market-needs-in-focusContinue Reading
Poland adopted legislation that allows it to use Energy Storage on its national grid. The new law decreases significantly the fee to be paid by Energy Storage owners to connect to the grid. Poland believes this will lead to more development/capacity in the energy storage market industry. Source : Energy Storage News https://www.energy-storage.news/news/poland-adapts-energy-policy-to-give-green-light-to-development-of-energy-stContinue Reading
The ETF from EnCap is locking in USD 1.2 Billion to invest massively into renewable energy with battery storage being on top of the list of industries to invest in. Source : Encap Investments https://www.encapinvestments.com/news/encap-investments-lp-closes-energy-transition-fundContinue Reading
Europe’s Green Deal urges more and more individuals and enterprises to store and use their own produced renewable energy. This reduces costs for the owners as well as the grid operators. Europe is well on track to see a massive growth in energy storage solutions, both on and off-grid. Source : Energy StorageContinue Reading
Manufacturing Them Leaves Massive Carbon Footprint Once in operation, electric cars certainly reduce your carbon footprint, but making the lithium-ion batteries could emit 74% more CO2 than for conventional cars. Just to build each car battery—weighing upwards of 500 kilograms (1,100 pounds) in size for sport-utility vehicles—would emit up to 74% more C02 than producing...Continue Reading
