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Wood Mackenzie

Global storage market to grow thirteen-fold in five years

Fri, 04/12/2019 - 13:40 -- Hugh Finzel

New research from Wood Mackenzie Power & Renewables has predicted that the global market for energy storage will increase from its current 12GWh to 158GWh by 2024.

The report said the five-year period from 2013-18 saw a global GWh compound annual growth rate (CAGR) of 74%, although the report “did observe relatively small deployment totals of 7GW/12GWh for the period”.

Research director Ravi Manghani said “more than half of the GWh during this period came online in 2018 alone, beckoning an inflection in storage demand”.

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‘Lead to power ahead for years to come’, say analysts

Mon, 01/28/2019 - 00:00 -- John Shepherd

Automotive lead battery demand is in a “state of flux”, but market analysts have warned: “Don’t be too hasty in writing off the humble lead car battery”.

Lead-acid is “increasingly under threat from new battery technologies”, according to metal and materials research consultancy Wood Mackenzie in its 2019 lead outlook.

But the world is yet to see the peak production of internal combustion engine (ICE) vehicles, “and there are new developments in this old technology intended to keep it competitive and relevant for many more years”, the outlook said.

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Anderman cautious on EV ‘expansion’

Mon, 01/28/2019 - 00:00 -- John Shepherd
Menahem Anderman

Electric vehicle penetration of the global car fleet will be at less than 10% by 2025, industry guru Menahem Anderman has told BEST Battery Briefing.

Anderman, who chairs this week’s Advanced Automotive Battery (AABC Europe) Conference under way in Strasbourg, said: “We are on the edge of expansion, but I am not sure it will be as much as some people project.”

“It might be a bit lower than some, such as European car makers, predict,” Anderman told BBB.

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