GM races to build a formula for profitable electric cars
General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker has done. The answer is a big bet on combining proprietary battery technology, a low-cost, flexible vehicle design and high-volume production mainly in China, according to six current and former GM and supplier executives and six industry experts interviewed by Reuters.
Ford to increase electric vehicle spend to $11 billion as it plans 40 EV models by 2022
Ford will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. The investment figure is sharply higher than a previously announced target of $4.5 billion by 2020, Ford executives said, and includes the costs of developing dedicated electric vehicle architectures.
Northern Territory launches tender for up to 45MW grid-scale battery storage
The Northern Territory government has called for expressions of interest to build what could be the world’s second biggest big battery – a large-scale energy storage system of between 25-45MW to support the grid in Darwin and Katherine. The document, issued last week by Territory Generation, calls for design parameters of 25MW, 35MW, and 45MW power outputs, with an energy storage of 30 minutes — and alternatives of up to an extra hour — at the rated capacity.
Second Tesla “big battery” to power Victorian farm
US battery maker Tesla has again been selected to team up with French renewables developer Neoen on another ground-breaking Australian project; this time in Victoria, on the construction of a wind farm and battery storage facility that will help power a major Stawell farming business. The wind and battery project, first flagged in mid-2017, will pair the 204MW Bungala wind farm in Victoria’s western district, with a 20MW/34MWh battery storage system to generate 750,000 MWh of electricity a year.
US $21/MWh record low prices for wind/PV + storage already making headlines
Perhaps the most exciting 2018 news story to date was leaked documents from Xcel energy on a solicitation of PV + storage for the State of Colorado. The PV bids (including ITC subsidies) were at $US29/MWh but there were 10.8GW of PV + storage at an average price of $US36/MWh. Wind plus storage was at $US21/MWh.
Europe has 23% of global battery megafactory capacity in the pipeline.
Europe has 23% of global battery megafactory capacity in the pipeline. A year ago this was under 10%. Auto majors' Supply security concerns = Europe is catching up
GM plans to release self-driving car with no steering wheel or pedals in 2019
General Motors filed a Safety Petition with the Department of Transportation for its fourth-generation self-driving Bolt EV called Cruise AV, the first production-ready vehicle built from the start to operate safely on its own, with no driver, steering wheel, pedals or manual controls. The Cruise AV is designed to operate safely on its own, with no driver, steering wheel, pedals or other manual controls when it goes on the road in 2019.
Panasonic eyes battery production in China for Tesla
Panasonic will consider making batteries for Tesla's electric cars in China, Kazuhiro Tsuga, Panasonic's president, told reporters Tuesday during a group interview at this year's CES trade show in Las Vegas. Panasonic is the sole supplier of lithium-ion batteries to Tesla, making them in Japan and the U.S.
Umicore starts work on China materials plant
Belgium-based Umicore has broken ground in China for a new battery materials plant as part of a EUR360 million ($434m) expansion programme. Umicore said the new plant in in Jiangmen, Guangdong Province, would produce NMC (nickel-manganese-cobalt) cathode materials for rechargeable lithium-ion batteries to meet increasing demand for the electric vehicle market.
Now Victoria is getting a big Tesla battery, powered by French-built wind farm
A French renewable energy company has been chosen to build a huge wind farm and battery storage facility in western Victoria. The 204MW wind farm and 20MW Tesla battery will entirely power the Nectar Farms crop at Stawell, as well as pumping the majority of its energy into the local grid. The Bulgana Green Power Hub is set to be Neoen's largest project within Australia and create 1300 jobs during construction and 270 ongoing jobs.