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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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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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UCSD study: under current policies, home energy storage would often increase carbon emissions

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Under current policies, home energy storage systems would also often increase carbon emissions, according to a study by a team of researchers at the University of California San Diego published in the journal Environmental Science & Technology. —lead author Oytun Babacan, a postdoc at the School of Global Policy and Strategy.

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Albemarle lithium net sales up 410% in Q4 2022 to $2.1B

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Albemarle reported that its Q4 2022 lithium net sales increased $1.7 Albemarle estimates Energy Storage net sales for 2023 to range between $8.3 Albemarle estimates Energy Storage net sales for 2023 to range between $8.3 Energy Storage volumes are projected to be up 30-40% in 2023 compared to 2022.

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Volvo Trucks introduces its first electric truck for commercial use; sales and production start next year

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Sales and series production of the new model will start in Europe next year. The technology used for propulsion and energy storage in the Volvo FL Electric has been thoroughly tried and tested from the outset and is supported by Volvo Trucks’ far-reaching network for sales, service and parts supply.

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Li-ion battery maker CATL opens its first North American sales and service facility

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Ltd ( CATL ), a leading global supplier and manufacturer of lithium-ion battery products for electric vehicles (EVs) and energy storage facilities, is renewing its commitment to the US market by opening its first North American sales and service facility. In the US, this represented a rise in fully electric car sales of 47%.

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Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

CN EV Post

The Megafactory is planned to initially produce up to 10,000 units of commercial energy storage batteries per year, with an energy storage scale of nearly 40 GWh, and the product will be available to the global markets. In the first quarter, Tesla's China-made vehicle sales were 229,322, up 25.88