The price of battery packs for electric vehicles is fast approaching a tipping point. According to a price survey conducted by BloombergNEF, EV makers soon will be producing models that are as affordable—and as profitable—as comparable combustion engine models, and without the help of tax subsidies. The average price per kilowatt-hour for a lithium-ion battery […]
Ever-Cheaper Batteries Bring Cost Of Electric Cars Closer To Gas Guzzlers
Battery prices are one of the biggest costs for electric cars, but that cost has plummeted over the past decade. The price of a lithium-ion battery pack has fallen 89% in real terms from more than $1,100/kWh in 2010 to $137/kWh in 2020, according to the latest forecast from BloombergNEF (BNEF). By 2023, average prices […]
Con Edison Contracts Its Biggest Battery to Date in New York City
A 400-megawatt-hour battery from 174 Global Power will balance NYC’s energy needs with increasing offshore wind power capacity. New York utility Con Edison has signed its biggest energy storage contract to date, a 100-megawatt/400-megawatt-hour lithium-ion battery project that will help balance a grid facing rising levels of offshore wind and other renewable power in the […]
Batteries in Solar Installations Becoming the New Norm: Q&A
Pairing batteries with solar in residential applications is quickly becoming the norm in the U.S., particularly in California, SunPower Corp. CEO Tom Werner said. “The integration of storage will go mainstream, maybe as soon as one year but certainly in three years,” Werner said. “Having battery storage with solar systems could be the rule and […]
Installers can understand the case for batteries
How can installers explain the value in batteries when talking to residential customers about solar PV? Jason Venning, FIMER: The value of batteries depends on what homeowners want to achieve. Just looking at the price of an energy storage solution may put off some households as pricing is still relatively high across the board and […]
EU says it could be self-sufficient in electric vehicle batteries by 2025
As part of its plan to become climate neutral by 2050, the EU wants to boost local production of the building blocks for green industries – including hydrogen fuel to make low-carbon steel and batteries to power clean vehicles BRUSSELS : The European Union could produce enough batteries by 2025 to power its fast-growing fleet […]
GM: New Batteries Cut Electric Car Costs, Increase Range
DETROIT : General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles. The companys product development chief promised a small electric SUV that […]
Electric car batteries: the facts
Driven by lithium – Electric vehicles, or EVs, have an electric motor rather than an internal combustion engine. They may be powered by fuel cells that generate electricity from hydrogen or a lithium-ion rechargeable battery pack Sotkamo : Hailed as a route to a green, carbon-free future, electric car batteries have the world’s superpowers vying […]
Bentley is leading the charge to batteries. British carmakers must join it
Tesla and China have stolen a huge march – but the UK’s automotive sector still has the capability to close the gap Carmakers talk a good game. Even the biggest petrolhead automotive executives are now practised at conjuring images of a zero-emissions future, but that future always seems to be just a bit further off. […]
Does Europe have the tools it needs to quit importing batteries?
For some time now, Asia has been the undisputed centre of global battery production. For companies elsewhere looking to source batteries, Asia was the only place to go. However, from a standing start in 2016, the European battery sector has since burst into life. There is still a long way to go, but there has […]