Sichuan’s worst drought in more than a half century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut down factories in the region.
Source: Bloomberg Read The Article
Xinhua News Agency Read The Article
Shanghai Daily Read The Article
China.org.cn Read The Article
Researchers from the University of California, Berkeley, and Lawrence Berkeley National Laboratory have released a study which examines “the technical outlook, economic feasibility, and environmental impact of battery-electric containerships.” By modelling 5 to 10 GWh electrified containerships, they found that 40% of routes today could be electrified in an economically viable manner, before considering environmental costs.
Using only technology available for purchase today, nearly all ships with routes shorter than 2,000 kilometres are economically advantageous, and ships with routes as long as 3,000km are economically viable.
Source: PV Magazine Read The Article
PSR Analysis: Ships transport more than 10 billion metric tons of cargo each year, including clothing, electronics, and oil, and almost all of these ships run on fossil fuels, so they emit a lot of carbon pollution. Maritime shipping causes about 3% of global greenhouse gas emissions. As the costs of large ICE containerships continue to rise electrified containerships become increasingly cost effective. Electrified containerships are 80% more efficient than their ICE counterparts, and use 30% less energy overall. PSR
Guy Youngs is Forecast & Adoption Lead Analyst at Power Systems Research
Power Systems Research is forecasting global revenue for the Powersports industry to grow from $31.5 billion in 2020 to US$ 50.91 billion in 2030, a CAGR of 6% over the forecasted period.
Drivers-of-Demand. There are many factors driving the global powersports market growth:
Four-wheel off-road Utility Vehicles with side-by-side seating are designed to be used in a variety of recreational, industrial and military applications. When equipped with dumpers, they are commonly used for landscaping, dumping and transporting light materials. Vehicles can be customized with enclosed cabs, tool racks, dumpers and more for use on college campuses, parks, corporate campuses and airports. Suppliers offer a wide variety of gas, electric and diesel utility vehicles.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Exports: Canada, up to 90%; Mexico, up to 85% for NA markets, and US, up to 40% worldwide.
A new EV battery recycling plant in Alabama from Li-Cycle has just come online. It can process up to 10,000 tons of battery waste per year, enough for about 20,000 EVs per year, and helps the US move toward a zero-emission economy.
Li-Cycle’s processing method is specifically designed as a two-part system recycling battery manufacturing scrap and turns end-of-life batteries into a black mass. The black mass is then processed and used to generate battery minerals such as nickel sulfate, lithium carbonate, and cobalt sulfate, three of the most critical factors for EV batteries. According to the battery recycling company, Li-Cycle believes its new method will enable up to a 95% efficiency rate compared to the industry average of 50%.
The de-carbonization of the transport industry is heavily dependent on the scaling up of electric vehicle production rapidly and massively, and this rests on scaling up battery mineral mining and refining. This means Lithium.
Benchmark Mineral Intelligence counts 40 lithium mines that have been in operation and producing lithium in 2022. But, by 2050, the company sees a need for 234 more lithium mines if there’s no battery recycling underway (which, of course, is completely unrealistic but is a place to start from for such an analysis).
“The long term path for lithium is set, yet the supply chain scaling challenge has just begun,” said Simon Moores, chief executive of Benchmark. “What this data shows is that we are at just the beginning of a generational challenge, not one that’s going to be solved in the 2020s.”
The September 2022 issue of the Alternative Power Report from PSR discusses Cummins new energy storage system, battery electric forecasts and EV shipping applications. PSR
CONEXPO 2023 held this month in Las Vegas is the largest construction equipment show in the world. It covered more than 3 million square feet and more than 2,400 exhibitors demonstrated new products from nearly 140,000 attendees from around the world. Power Systems Research analysts walked the five-day show talking with exhibitors and attendees and reviewing new products. Read our report in this issue of PowerTALK.
Komatsu says it plans to restructure its business in China this year, cutting its annual production capacity of construction machinery equipment in China by nearly 40% to 10,000 units.
At the same time, due to sluggish market demand, it will merge its equipment production subsidiary and its parts subsidiary in Jining City, Shandong Province. The production subsidiary and casting subsidiary based in Changzhou City, Jiangsu Province, also will be merged.
Komatsu’s production subsidiaries in the two provinces previously terminated their joint venture relationship. Even if the annual production capacity is reduced to 10,000 units, it is expected that local production capacity will enable Komatsu to increase exports to Southeast Asia and other regions.
Engines powered by gasoline and diesel fuel are reaching a critical point in production compared to electric and hybrid vehicles, according to reports in the April issue of Alternative Power Report. 2026 could be a critical year. Read about this trend and related articles that address alternative power in this issue.
Monthly news and analysis from PSR’s experts
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