After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China.
While Extinction Rebellion may have helped draw attention to the scale of the problem, it’s now up to us all – especially those of us with a head-start in the industry – to bring the solutions to life.
With Brexit day less than a month away and still no certainty around what the final deal will look like, the time is now for the energy storage sector to prepare for every eventuality so it can play to its increasing strengths, writes Stephen Irish, co-founder of Hyperdrive Innovation.
In light of the Paris COP21 climate conference, New York City announced plans to incorporate 2,000 electric vehicles (EVs) into its municipal fleet by 2025. New York City claims this move will make it the largest EV fleet operator in the world. Analyst Dean Frankel of Lux Research takes a dive beyond the headlines.
Since 2010, the cost of lithium-ion battery packs for electric vehicles has dropped 60%, from $1000 to $400 per kilowatt-hour (kWh) according to analysis by BNEF. At the same time, concerns regarding urban air pollution and our need to deploy zero emission vehicles in these cities are increasing. Melissa C. Lott takes a closer look at how EVs could help - and what the limitations might be.