Remove Auto Industry Remove Energy Storage Remove Grid
article thumbnail

Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Electric grids require balance in order to function properly. Electric grids require balance in order to function properly. Earlier post.).

article thumbnail

Lux: China’s advanced energy storage market to quadruple to $8.7B in 2025; 85% share by transport

Green Car Congress

Driven by environmental problems, a growing auto industry, and a big policy push, China’s advanced energy storage market will be worth $8.7 billion, according to a new report from Lux Research called “ Clearing the Haze: Demystifying Energy Storage Opportunities in China ”.

article thumbnail

DOE expands partnership with industry to advance next-generation automotive technologies, adds Tesla and EPRI as members: US DRIVE

Green Car Congress

The full list of US DRIVE partners includes: Auto industry: United States Council for Automotive Research LLC (the collaborative research company for Chrysler Group LLC, Ford Motor Company, and General Motors) and Tesla Motors. Batteries/electrochemical energy storage. Vehicle-to-electricity grid interaction.

EPRI 257
article thumbnail

South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

Green Car Congress

South 8 will leverage the funding to accelerate the commercialization of its patented Liquefied Gas Electrolyte (LiGas) technology for high-performance batteries for electric vehicle, grid storage, aerospace, and defense applications. ?

article thumbnail

Duke Energy and ITOCHU to assess second-life applications for Li-ion automotive batteries

Green Car Congress

Duke Energy and ITOCHU’s program builds upon their involvement in Project Plug-IN, a large-scale public/private EV initiative based in Indianapolis. According to some auto industry estimates, electric vehicle (EV) batteries that can no longer charge to approximately 80% of their original capacity may be candidates for replacement.

Li-ion 284
article thumbnail

False Starts: The Story of Vehicle-to-Grid Power

Cars That Think

They wanted to see whether an electric vehicle could feed electricity back to the grid. The company’s president, Tom Gage , dubbed the system “vehicle to grid” or V2G. And EV owners would become entrepreneurs, selling electricity back to the grid. And indeed, that’s how promoters of vehicle-to-grid technology perceive the EV.

Grid 145
article thumbnail

Chrysler Group in 5-year, $18.2M partnership with McMaster University to develop advanced electric and hybrid powertrains; funding from Canadian Government

Green Car Congress

million partnership with McMaster University in Ontario, Canada, with funding support from the Canadian government, to develop next-generation, energy-efficient, high-performance electrified powertrains and powertrain components. Energy storage solutions such as ultra-capacitors also will be a key focus.

Chrysler 210