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BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

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The falling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg NEF (BNEF). These nine markets will represent two thirds of the installed capacity by 2040.

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Enel acquires eMotorWerks to provide grid balancing solutions and tap into US e-mobility market

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through its US subsidiary EnerNOC, has acquired California-based eMotorWerks, a North American supplier of electric vehicle (EV) charging stations, called JuiceBox, and owner and operator of JuiceNet, an Internet of Things (IoT) platform for the smart management of EV charging and other distributed energy storage facilities.

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Volkswagen and Audi launch sustainability programs for US introduction of e-Golf BEV and A3 e-tron PHEV; carbon offsets with 3Degrees and solar energy

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These begin with an investment in carbon reduction projects via a partnership with 3Degrees to offset emissions created from e-Golf production, distribution and from the estimated emissions produced from keeping the vehicle charged through the initial 36,000 miles of its life. Charging Solutions.

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IHS Automotive forecasts global production of plug-in vehicles to rise by 67% this year

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The Europe, Middle East and Africa (EMEA) region will account for the largest share of production at more than 40%, with the Americas and Asia-Pacific each making up about 30%. The global installed base of EV charging stations is set to reach more than 1.1 share for PEVs in the global market this year.

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The Global Outlook of Electric Vehicles

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This is partially due to the cost of EVs in these countries, but also with a relative lack of charging infrastructure. While most charging takes place at home with residential EV chargers , public Level 2 and DC fast chargers are needed for drivers who lack access or need to charge during travel.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. —Seb Henbest, head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. NEO 2018 sees $11.5 NEO 2018 sees $11.5

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CalSEED awards $4.2M to early-stage clean energy innovations

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million: ALD Technical Solutions is developing light-weight, easy-to-install, long-lasting, and cost-effective structural composite reinforcement system which will be installed and cured-in-place around existing Aluminum Conductor Steel Reinforced transmission lines to increase power capacity and power efficiency, and also decrease sag.

Clean 371