Texas power grid has broken new records for electricity consumption during the summer of 2024. Solar power has met record-high demand during the day, and batteries have covered the need in the evening.
Is Northvolt a pipe dream? asked the reporter. That was when I realized this wasn't a serious investigation, but a witch hunt. Letβs scrutinize this absurd claim.
The price of lithium-ion batteries in China has decreased by 51 percent in the past year. Lower battery prices make electric vehicles cheaper than fossil fuel cars in many segments, and large-scale battery solutions in energy systems become more profitable.
StoreDot has introduced a new electric vehicle battery that can be charged up to 80 percent in just 5-10 minutes. The battery boasts a lifetime of 65,000 miles thanks to the ability to undergo 2,000 ultra-fast charging cycles.
The demand for energy storage has reached new heights in Europe with over 10 GW of new installations last year. The capacity is predicted to increase sixfold by 2030, with a total capacity of over 120 GW.
The world's largest battery manufacturers are reducing the costs of batteries for electric vehicles. In one year, the cost has more than halved. The progress is years ahead of what forecasters have believed. It is likely that prices will continue to fall.
Cling Systems is a Swedish startup helping companies recycle used electric car batteries. Now they've secured 1.3 million USD in funding.
The cost has dropped 14% this year and 90% since 2010, but this is just the beginning.
Unlike traditional battery chemistries, the new battery from Northvolt utilizes readily available minerals such as iron and sodium.