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$ Billions being poored into battery research

DanCar

Active Member
Oct 2, 2013
2,029
2,126
SF Bay Area
U.S., Japan, China sponsor battery research. Korea is doing well with SK and LG Chem. Now Europe announces $3.2 billion euros for battery research.
EU approves 3.2 billion euro state aid for battery research
... The 3.2 billion euro in public funding, is expected to unlock an additional 5 billion euro in private investments. ...
The Commission said the project involved “ambitious and risky” research and development across the batteries value chain, from mining and processing the raw materials, production of advanced chemical materials, the design of battery cells and modules and their integration into smart systems, to the recycling and repurposing of used batteries.
 
  • Informative
Reactions: Brando

DanCar

Active Member
Oct 2, 2013
2,029
2,126
SF Bay Area
https://www.tdworld.com/distributed...tery-technology-accelerates-energy-transition
... over US$1.4 billion in the first half of 2019 alone ... diversification of battery technology has been made possible by robust private investment; governmental support of research and development; national-, city- and state-level electric mobility and renewable energy targets, and growing adoption of EVs.
... the age of affordable battery technology is coming and it’s happening faster than anyone expected ...
Battery cost and performance improvements are quickly outpacing forecasts: Increasing demand for EVs, grid-tied storage, and other emerging applications are further fueling the cycle of investment and cost declines in batteries, and setting the stage for mass adoption. Total manufacturing investment, both previous and planned until 2023, represents around US$150 billion dollars. ...
 
  • Informative
Reactions: Brando

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