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Based on forecasts in its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) expects US fossil fuel production to continue rising in both 2022 and 2023, surpassing production in 2019, to reach a new record in 2023. quadrillion British thermal units. US NGPL production increased by 4% in 2021.
A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.
Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium carbonate is forecast to trade near its high. Lithium is expected to trade at 484,185.00 by the end of this quarter. Earlier post.). Source: Trading Economics.
Together, they aim to enhance the capacity for forecasting and responding to floods, droughts, and cyclones. Mozambiques high vulnerability to cyclones has driven the effective use of Mydewetra for whats called impact-based forecasting.
In 1Q22, however, the US Energy Information Administration (EIA) forecasts that global oil markets will be balanced and that rising production will contribute to inventory builds in 2Q22 and continuing through 2023.
This estimate is a significant increase from the market analysis firm’s 2018 forecast, due to upwards revisions in its EV sales forecasts. Fitch bases its forecast on the underlying assumption that NMC 811 cathodes will rise to 80.0% of NMC market share by 2027—effectively raising the average nickel content.
In its 2023 Strategic Update , Albemarle Corporation raised its forecast for 2030 global lithium demand (LCE, lithium carbonate equivalent) to 3.7MMt—an increase of 15% from its previous forecast due to the impact of the US “Inflation Reduction Act” and strong EV demand.
In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 trillion per year by 2050.
continued] The post Why Analyst Forecasts Dropped for Tesla (TSLA) Throughout Q1 appeared first on CleanTechnica. When I was working on my recently article on Tesla’s long-term quarterly sales trends, I popped over to Troy Teslike’s account to see if there was anything notable I should consider for the model-specific sales split.
Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24. In 2022–23 Australia’s export earnings are forecast to more than triple — from $4.9 billion in 2021–22 to $16.1 billion, and $17.0 billion in 2023–24.
Despite oil demand in the transport sector forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement. Opportunities to accelerate change through pilot projects and uptake of alternative energy need to be seized as soon as possible.
The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. million b/d, according to the forecast. million barrels per day [b/d]) in 2022 and by 2% (0.8 million b/d) in 2021.
In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 Increased production in the Permian region and, to a lesser extent, in the Federal Offshore Gulf of Mexico (GOM) drives the forecast growth in production. million b/d.
one of the US’ largest asset-based truckload carriers by revenue, released its September industry forecast spotlighting key economic trends and updates specific to the trucking industry. US Xpress, Inc., Three key insights include: Rising Driver Turnover.
The worldwide semiconductor industry is projected to invest more than $500 billion in 84 volume chipmaking facilities starting construction from 2021 to 2023, with segments including automotive and high-performance computing (HPC) fueling the spending increases, SEMI announced in its latest quarterly World Fab Forecast report.
Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). BNEF has more than doubled its estimates for energy storage deployments from 2025 to 2030 across Europe from previous forecasts.
The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas.
The Mobility Dynamic Index Forecast Module identifies the changes in travel mobility caused by the evolution of the COVID-19 pandemic and government orders. An effective forecast or estimate of the pandemic impacts could help people to well prepare and navigate around unknown risks. —Ou et al.
INSG forecasts this to reach 3.374Mt in 2023. The INSG forecasts an increase to 3.134Mt in 2023. INSG forecasts nickel pig iron (NPI) production in Indonesia to continue to rise, and to decline further in China. The estimates do not include any adjustment factor for possible production disruptions.
Energy Information Administration (EIA) increased its forecast for the 2023 Brent crude oil price by 2.5% from its previous forecast. EIA expects the Brent crude oil spot price to average $85 per barrel in 2023, $3 per barrel higher than its March forecast. Despite OPEC+ announcing it would cut crude oil production by 1.2
Benchmark Mineral Intelligence’s Cobalt Forecast now suggests that cobalt production in the country could increase more than thirty-fold this decade. This would bring Indonesia into second place for cobalt mining, after the Democratic Republic of Congo.
In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 million barrels per day in 2023—200,000 barrels per day more than in its July forecast. EIA forecasts the Brent crude oil price to increase the rest of 2023 and to approach $90 per barrel in late 2023. million b/d, with 1.2
A pre-IRA forecast saw two million U.S. Provisions of the Inflation Reduction Act (IRA) could more than double U.S. EV sales compared to previous projections, according to new analysis from S&P Global Mobility. EV sale by 2030.
Other elements of the note: BNEF cut the global solar demand forecast for 2020 from 121-152GW to 108-143GW. BNEF sees some downside risk to its global wind forecast of 75.4GW, but thus far still expects 2020 to be a record year for wind build. Chart: BloombergNEF.
The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 A high level of uncertainty remains in our outlooks, but we have consistently forecast that elevated crude oil prices would help drive record-level annual US oil production levels in 2023. million barrels per day this year and 12.8
Demand growth of the 2020s will soon be dwarfed by the astronomical demand growth of the 2030s, according to a new forecast by Adamas Intelligence. over the same period, Adamas Intelligence forecasts that the value of global magnet rare earth oxide consumption will rise five-fold by 2030, from US $2.98 After growing at a CAGR of 6.4%
of the projected US electric vehicle production through the end of 2023 and was designed to fit into the forecast production envelopes of each automaker. of the projected US electric vehicle production through the end of 2023 and was designed to fit into the forecast production envelopes of each automaker. Telematics: Fully connected.
US distillate fuel inventories average 17% below the five-year average in the forecast for 2023. Other key takeaways from the November 2022 STEO forecast include: EIA forecasts renewable energy sources will provide 24% of US electricity generation in 2023, up from an estimated 22% in 2022. “We
Roskill forecasts that demand for rare earth permanent magnets in EV drivetrains will increase by more than 17.5% Although Roskill expects that demand fell in 2020 as a result of the disruptions of the pandemic, the company is forecasting a strong reovery in demand in 2021, increasing by 10% y-on-y.
Benchmark’s high case scenario forecasts that 7.0 With the amount of lithium production forecast by Benchmark for 2030, only 3.2 Globally, Benchmark’s Lithium ion Battery Database forecasts that 43.7% Tesla is targeting production of 20 million passenger EVs by 2030. In 2022, the company produced just over 1.3 million EVs.
The technology also needs functions to optimize system operation according to hydrogen supply and demand forecasting. Hydrogen is produced and stored based on the hydrogen demand and supply forecasting system’s forecasts for hydrogen demand in the market. Tohoku Electric Power Co.,
The European Commission’s Joint Research Centre (JRC) has released a report by Roskill that analyzes the EU’s nickel requirements for EV batteries within the context of the global market over a twenty-year forecast horizon to 2040. There are two tiers of this market balance that need to be considered.
Stock analysts are issuing dire forecasts for Tesla stock, based on the company's falling sales numbers in most major markets. The post JP Morgan Slashes Tesla Sales Forecast, Predicts Stock Will Fall To $120 Per Share appeared first on CleanTechnica.
tool developed by Argonne National Laboratory augmented with a learning-curve forecast of cost-reduction potential. Furthermore, reaching the long-term DOE target of $4 per kilogram is within the forecast band for 2050, but the base forecast is around $5 per kilogram. per kilogram by 2025.
Benchmark forecasts lithium demand in 2030 will reach 2.4 million tonnes more than the 600,000 tonnes of lithium Benchmark forecasts will be produced in 2022. By 2030, there will also be a deficit of 230,000 tonnes of refined nickel, as assessed by Benchmark’s Nickel Forecast. Benchmark Lithium Price Index as of 22 April 2022.
Power has just introduced a new EV Retail Share Forecast, which captures granular EV sales, consideration, pricing, infrastructure growth and other census and demographic factors to project state-by-state EV adoption rates through 2035. Power EV Retail Share Forecast. Methodology. Power EV Index and the J.D.
Q1 2020 saw monthly average prices fall further to less than US$7,000/t Li 2 CO 3 for the first time since 2014, eroding price increases caused by forecast strong demand growth in the lithium-ion battery industry and uncertainty over future supply. In 2019, monthly average lithium carbonate prices fell 36% between January and December.
Ariel Rider’s forecast for 2022 is 75,000 e-bikes, with 150,000 units targeted for 2023. I am very happy with this partnership as we both share the same goals of offering the best products for the value and improving customer service. —Arda Onal.
We are facing a load forecast of 48,817 megawatts and energy deficits between 2,000 and 4,000 megawatts for Monday, resulting in the highest likelihood of rotating outages we have seen so far this summer. The peak load on Saturday was 44,123 MW, and the forecast for Sunday was 45,776 MW.
Hard rock sources of lithium currently make up 60% of global mined lithium supply and are forecast to continue to do so through to 2030, according to Benchmark’s Lithium Forecast.
While we forecast global EV sales to grow by a remarkable 21% CAGR over the next decade, the increase in battery production and capacity will be even higher. The report notes that 2036 is the crossover year when all-electric passenger vehicles are predicted to overtake sales of ICE-equipped equivalents.
Nornickel revised its forecast for a nickel market surplus in 2023 from 110 kt to more than 200 kt, with the bulk of this coming from low-grade nickel. The forecast for nickel supply in 2023 is almost unchanged at 3.45 The forecast for nickel supply in 2023 is almost unchanged at 3.45 Mt to 3.22 Mt (7% year-on-year growth).
An expanded Northvolt is forecasted to be the region’s second second-largest producer with 92 GWh of capacity through plans in Skellefteå, Sweden and a new joint-operation with Volvo, in Gothenburg, Sweden. Overall, Benchmark is forecasting Europe to have a capacity of 789.2GWh by 2030, a little over 14% of the global total of 5,454GWh.
A new study from Juniper Research forecasts that the volume of electric vehicle battery pack shipments will reach 30 million in 2027 up from 10 million in 2022.
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