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Lux predicts energy storage market will hit $546B by 2035

Green Car Congress

The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Mobility applications remain the long-term growth and demand driver for energy storage through 2035, with personal mobility devices expected to increase to $43.7

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How Automotive Dealerships Can Save Money with Battery Energy Storage

Blink Charging

Automotive dealerships must prioritize upgrading their electric infrastructure to support the anticipated increase in electric vehicle (EV) sales, projected to reach 2.5 Discover key insights into incorporating battery storage for your dealership’s sustainable energy storage. What are battery energy storage systems?

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Volvo partnership will recycle EV batteries into energy storage

Teslarati

As the world transitions to sustainable transportation through electric vehicles (EVs), some are considering ways to reduce EV battery waste. One such company includes Volvo, which has announced a partnership to recycle old EV batteries into new energy storage systems.

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IDTechEx: Nio spearheading battery swapping expansion beyond China

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Battery swap stations are Nio’s signature replenishment facility, and it is currently the only company offering such models to the general consumer. There are also other companies in China that offer models with battery swap support, but for the taxi market. Swapping to become more efficient by using smaller batteries.

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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy.

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Tesla highlights key battery power milestone in Texas

Teslarati

Tesla has highlighted an important milestone in the deployment of battery power in Texas this month, as solar and energy storage systems continue to become utilized in increasing volumes. According to Tesla and the agency, batteries sent more power to the grid in Texas on August 20 than ever before.

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SK Innovation expects to produce 500 GWh of batteries in 2030

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At the “SK Innovation Story Day” briefing session in Seoul last week, Dong-Seob Jee, President of SK Innovation’s Battery Business, said from its current 40 GWh battery production level, the company expects to reach 85 GWh in 2023, 200 GWh in 2025 and more than 500 GWh in 2030. trillion won (US$2.2 billion) in 2025, he said.

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