Batteries

• [New] Demand for battery grade lithium hydroxide is expected to overtake that of battery grade lithium carbonate in 2021.
• [New] Rhyolite Ridge will be well positioned to meet both North American and global demand for Lithium carbonate and battery grade lithium hydroxide.
• [New] Israeli company StoreDot claims to have developed a five-minute charge lithium-ion battery which could eliminate range and charging anxiety for electric vehicle (EV) users and accelerate adoption.
• [New] GM recently announced that 40% of its U.S. entries will be battery electric vehicles by the end of 2025.
• [New] Annual battery demand is expected to grow at 32% per year to reach 50 gigawatt-hours by 2027, with lithium-ion batteries commanding an 80% share.
• [New] In a nutshell, Tesla will provide its services to millions of consumers globally who, by 2030, may drive a Tesla car, have solar panels, and store all their energy on a Tesla battery pack.
• [New] Grid operator PacifiCorp, which serves Oregon, Washington and California, had no battery storage in its 2017 IRP, but its 2019 IRP includes 600 MW of batteries paired with solar PV by 2023.
• [New] Working with Siemens and using its global expertise in Digital Twin and simulation technologies will play a pivotal role in Britishvolt achieving its tight deadlines to begin producing world-class batteries, at scale, by the end of 2023.
• [New] Utility-battery storage is expected to quadruple what capacity currently exists, adding 4.3 GW in 2021 to support other renewables like wind and solar power.
• [New] The anticipated 35 GW addition of wind and solar capacity will likely add to price volatility in European power markets in 2021, as large scale power storage facilities, such as batteries and electrolysis, remain relatively small.
• [New] The solar + battery system will provide power at a rate of $ 71.60/MWh, while the hydro project will require capacity payments of almost $9 million per year.
• [New] Origin's proposed 700 MW battery, and Neoen's 500 MW battery in western NSW, will be the two largest storage devices in the world, and will be worth a combined $1 billion.
• [New] Technology that recruits electric vehicles as battery storage could cut the cost of the electricity grid by £900 million per year and slash the carbon intensity of EVs
• [New] New batteries will need to will be allowed to contain up to 70% of their raw materials from outside the EU or UK till 2024 to avoid tariffs on sales into the EU.
• [New] SK Innovation Co., a South Korean refinery-to-battery company, plans to issue a green bond worth 1.09 trillion won ($1 billion) to expand its electric vehicle (EV) battery manufacturing capacity in the US.
• [New] Based on the 4 Series Gran Coupe, which is also due in 2021, the electric BMW saloon will rival the Tesla Model 3 with 373 miles of range from an 80 kWh battery and 523 bhp electric motor - giving it more power than the upcoming M4.
• [New] ICL will test storing excess solar energy in bromine-based batteries and plans to install solar systems at other production sites and on its water reservoirs.
• Chinese tech group QingTao will in 2022 kick off its efforts in solid-state batteries as part of a US$150 mln investment in various EV battery developments.
• Sales in China of so-called new energy vehicles (NEVs), which include battery electric, plug-in hybrid and hydrogen fuel-cell cars, are expected to grow 30-40% to around 1.8 million units in 2021.
• Apple Car production is expected to begin in 2024 with a breakthrough battery technology that offers longer range and also lower cost.

Last updated: 24 January 2021