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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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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

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IBM introduces new wind and solar forecasting system for utilities; big data analytics and weather modeling to predict output

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The solution combines weather prediction and big data analytics to forecast accurately the availability of wind power and solar energy. By utilizing local weather forecasts, HyRef can predict the performance of each individual wind turbine and estimate the amount of generated renewable energy.

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

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Early data from the main markets in Asia shows a drop in vehicle sales of 44% for China and 18% for Korea, two of the hardest hit countries. Other elements of the note: BNEF cut the global solar demand forecast for 2020 from 121-152GW to 108-143GW. Chart: BloombergNEF.

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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build.

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Tesla China launches solar-powered Superchargers in sunshine-ridden Tibet

Teslarati

Tesla China announced earlier that it has launched a solar-powered Supercharger facility in Lhasa, the administrative capital of the Tibet Autonomous Region. The announcement was originally made by the Tesla China Charging Team, who shared details and photos of the new Supercharger stalls in Lhasa.

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Solar to meet half of global electricity demand growth in 2024 and 2025

Baua Electric

Photo: Cypress Creek Renewables Global electricity demand is rising at its fastest rate in two decades, but solar is on course to meet half of demand growth, says the IEA. Global electricity demand is forecast to grow by around 4% in 2024, up from 2.5%

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Benchmark: lithium has to scale twenty times by 2050; generational challenge for automakers

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million tonnes LCE will be needed by 2050 with energy storage making up two-thirds of battery demand by that date, due to the growth of renewable energy sources such as wind and solar. million tonnes of cumulative global production of lithium between 2015 and 2022, according to Benchmark’s Lithium Forecast.