The global energy storage market is poised to grow rapidly in the coming years, with Bloomberg New Energy Finance (BNEF) predicting $620 billion in investment over the next two decades will push cumulative global installations to 942 GW/2,857 GWh by 2040. Declining lithium-ion battery costs are driving much of this growth, with BNEF expecting the cost of utility-scale storage systems to fall roughly 52% through 2030, following an approximate 80% slide in the average price of lithium-ion battery packs in the first seven years of the current decade.
Where we are going: Energy and Mines Australia Summit The mining sector is actively seeking alternative, reliable, low-cost and low-carbon energy solutions. Over the last 12 months, more than a dozen projects between renewable IPPs and mines have been announced or commissioned for solar, wind and energy storage. Affordable, reliable and low-carbon power for mines […]
Time: GMT+8 | Currency: Yuan renminbi (US$ 1: CNY 6.78) | Population: 26.32 million | Average temperature in June: 28/21 C°
With the 13th SNEC PV Power Expo opening its doors in Shanghai on June 4, visitors can expect a melange of sights and sounds. Local resident, photographer Dave Tacon provides a quick glimpse into life in the bustling city.
Li Zhenguo, President of Longi
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