Battery technology is the foundational element of electric vehicles (EVs), influencing their efficiency, range, charging speed, lifespan, cost, and overall performance. Engineering firm Bosch Rexroth is well aware of how battery manufacturing affects every one of these factors. It believes innovations in battery technology and advanced manufacturing processes are essential for the widespread adoption and…
Battery recycling company completes construction of critical mineral extraction plant
Lithion Technologies, a company that develops, deploys, and operates sustainable and innovative patented technologies to recycle lithium-ion batteries, has completed the construction of its first commercial critical mineral extraction plant. The new plant, Lithion Saint-Bruno, is located in St-Bruno-de-Montarville, near Montreal, Canada. Lithion Saint-Bruno is the first lithium-ion battery critical mineral extraction plant in North America’s…
BNEF: Energy storage investments boom as battery costs halve in next decade
Global energy storage installations will multiply exponentially, from a modest 9 GW / 17 GWh deployed as of 2018 to 1,095 GW / 2,850 GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). This 122-fold boom of stationary energy storage over the next two decades will require $662 billion of investment,…
Portland General Electric proposes more renewables & battery storage
Portland General Electric (PGE) presented a new integrated resource plan to the Oregon Public Utility Commission for approval. The plan focuses on adding more renewable power, capturing more energy efficiency, and strengthening partnerships with customers to help balance energy supply and demand during periods of peak energy use. “This is the first resource plan developed since…
Global battery storage market to reach $13.13bn by 2023, says GlobalData
The global battery energy storage market is forecast to grow to $13.13bn by 2023. Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023, according to GlobalData, a data and analytics company. The company’s latest report Battery Energy Storage Market, Update 2019 reveals that the fall in…