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Toyota Motor Company is the latest automaker delving into solid-state battery technology, vowing to mass produce the safer and more energy dense cells in four years.
The Japanese automaker has recently changed its tune about building BEVs and is now claiming solid state batteries will be in vehicles starting in 2027.
Thanks to a variety of factors (mostly base economics), lithium-ion battery packs are at record low prices. After dropping 14%, they are down to $139/kWh vs 2022. Prices for key battery metals, especially lithium, have fallen sharply since January, due to significant growth in production capacity in all parts of the battery value chain, from raw materials and components to cells and battery packs.
The steep price drop and record low average price come on the heels of price increases in 2022 that had brought battery prices back to 2020 levels. 10 Years ago, battery packs (including cells) cost $780 per kwh. These figures represent an average across multiple battery end-uses.
A few years ago, the idea of manufacturing EV batteries in the US was fraught with hurdles, the key issue being the absence of a domestic lithium pipeline. The US had earned a reputation as the biggest producer of lithium in the world, as well as the biggest user of lithium in the world (it was even used in the drink 7Up), but this growth stopped over health concerns and the US dwindled down to just one operation by the time the EV market took off.
The lithium supply chain is still problematic to the extent that it involves digging new surface mines, but an alternative solution has been emerging in the form of geothermal brine, and the US Department of Energy is pulling out all the stops to promote it. In 2020, the US Geological Survey identified five states with major deposits: Arkansas, California, Nevada, North Carolina, and Utah.
The Thai government has announced the discovery of a large lithium deposit, calling the deposit the third largest in the world after Bolivia and Argentina. It has estimated reserves of approximately 14.8 million tons. The deposit was found at two sites in the southern province of Phang Nga. However, it will take some time to find out how much of the discovered resources can be used.
Thailand is keen to become the center of EV production in Southeast Asia, leveraging its experience in assembling conventional cars, and the discovery of the lithium deposit will give the country a boost in achieving this goal.
The electric hydro foiling propulsion system is a fast-growing technology taking an important place in the future of the maritime industry. The revolutionary concept provides cost-effectiveness, zero-emissions, zero-noise and excellent performance values (very fast) in different types of boats for pleasure and commercial use.
Tne technology is innovative and is, for most vessels, based on a specific aerodynamic design of a boat, retractable foils, electric motors, and batteries. Hydro foiling and electric systems work together to cut through waves causing less drag and resulting in higher speed.
The use of energy is much less than for any other vessel with a traditional propulsion system. E-foiling boats give an impression of flying over water silently with no CO2 emission or any other air or water pollution. The experience is comfortable, safe, clean and speedy.
According to Power Systems Research intelligence, the global powersports market size was valued at $31.41 billion in 2023, and is projected to reach $53.64 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.
Power Systems Research is a Minnesota-based research firm that has been tracking global production of power equipment since 1976.
The recreational powersports segment represents activities ranging from off-roading, motocross, and all-terrain and side-by-side vehicle riding to on-road motorcycling and enjoying water equipment such as pontoon boats and jet skis.
The technology involved in using H2 as an energy source can be costly for several reasons. Their use is considered to have zero-carbon operations but only when green H2 is used, meaning that it is produced using processes powered by renewable energy such as wind and solar. That said, the most common production method currently used involves burning natural gas, a fossil fuel.
The April 2024 issue of PowerTALK News presents another excellent report by analyst Guy Youngs on Alternate Power sources, an update on the OEM Van Hool, John Deere’s aggressive plans for expansion in Brazil, and an analysis of the market strategies being developed by two OEMs in the India market.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
Are Sodium Ion Batteries Viable Alternative to Lithium?
New Hydrogen Colors to Watch in 2024 and Why They Matter
Study Shows Plug-in Hybrids Aren’t as Clean as We Thought
CATL, Yutong Launch Long-life EV Battery
GLOBAL: Lawn and Garden Equipment Market
DATAPOINT: North America Plate Compactor Production
EUROPE: A New Path for Van Hool BRAZIL/SOUTH AMERICA:
John Deere Announces New Investments in Brazil
Volvo To Begin Testing Heavy Trucks
JAPAN: Kubota Unveils First Fuel Cell Tractor CHINA: VW To Inject € 2.5 billion into its Hefei Base INDIA: Two EV Strategies for India Market
Hydrogen has the potential to be emissions free but only if we understand how the hydrogen is generated / manufactured or whether it occurs naturally. Several new terms have been used recently in the press, and this article explains them.
Gold hydrogen refers to naturally occurring deposits of the gas trapped underground in a way similar to how natural gas and oil deposits are found under the Earth’s surface. This type of H2 is different from White in that White now typically refers to the gas when it is above the surface, such as in the atmosphere, but Gold refers specifically to the gas found in underground deposits.
Despite lithium ion battery prices continuing to fall, interest in sodium ion (Na-ion) energy storage has not waned. Sodium ion batteries are undergoing a critical period of commercialization as industries from automotive to energy storage bet big on the technology. Sodium ion looks well placed, with superior safety, raw material costs, and environmental credentials.
Sodium ion cells, produced at scale, could be 20% to 30% cheaper than the dominant stationary storage battery technology, lithium ferro/iron-phosphate (LFP), primarily due to abundant sodium and low extraction and purification costs. Sodium ion batteries can use aluminum for the anode current collector instead of copper, which is used in lithium ion batteries, further reducing costs and supply chain risks.
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