Electric Vehicle Sales Headed for Record Year but Growth Slowdown Puts Climate Targets at Risk, According to BloombergNEF Report
• BloombergNEF’s Long-Term Electric Vehicle Outlook shows that as technology for electrification continues to improve, and battery prices fall, adoption moves from being policy-driven to being driven by consumer demand across all markets • Passenger EV sales are expected to exceed 30 million in 2027 in BNEF’s base case scenario and grow to 73 million […]
Lithium-Ion Batteries are set to Face Competition from Novel Tech for Long-Duration Storage: BloombergNEF Research
Study shows that long-duration energy storage technologies are now mature enough to understand costs as deployment gets under way New York/San Francisco, May 30, 2024 – Long-duration energy storage, or LDES, is rapidly garnering interest worldwide as the day it will out-compete lithium-ion batteries in some markets approaches and as decarbonization plans become more ambitious. […]
Urgent Deployment of Existing Technology Can Get World Close to Net Zero, BloombergNEF’s New Energy Outlook 2024 Shows
• The study details how the world can still meet the goals of the Paris Agreement, and achieve net zero by mid-century • BNEF’s updated Net Zero Scenario traces the route to keeping the world on track for well below two degrees of warming and net zero by 2050, but time is running out to […]
China’s Goldwind Retains Turbine Supplier Lead, as Global Wind Additions Hit New High, According to BloombergNEF
London and New York, March 27, 2024 – Global wind capacity additions surged to a record high of 118GW in 2023, according to a new report by research provider BloombergNEF (BNEF). BNEF’s 2023 Global Wind Turbine Market Shares report finds that developers commissioned 36% more capacity worldwide than in 2022 after capacity additions skyrocketed in […]
Corporate Clean Power Buying Grew 12% to New Record in 2023, According to BloombergNEF
• BNEF’s 1H 2024 Corporate Energy Market Outlook shows that a surge of activity in Europe was the biggest catalyst in record activity • Big tech remains a large contributor of PPA growth • Amazon, Engie were the largest buyer and seller in 2023, respectively New York and London, February 13, 2024 – Corporations publicly […]
Carbon Credits Face Biggest Test Yet, Could Reach $238/Ton in 2050, According to BloombergNEF Report
BNEF’s Long-Term Carbon Offsets Outlook 2024 shows that the success of the carbon offset market will be determined by the strength of demand and credibility of credits New York and London, February 6, 2024 – Ongoing scrutiny and reputational issues made 2023 a challenging year for the voluntary carbon market. 2024 is set to be […]
China Drops to Second in BloombergNEF’s Global Lithium-Ion Battery Supply Chain Ranking as Canada Comes Out on Top
The fourth edition of BNEF’s ranking finds Canada’s raw material resources, strong integration with the US automotive sector, and clear policy commitments have given it an edge over competitors London, February 5, 2024 – Canada has overtaken China for the top spot in BloombergNEF’s (BNEF’s) Global Lithium-Ion Battery Supply Chain Ranking, an annual assessment that […]
Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion in 2023, According to BloombergNEF Report
• BloombergNEF’s Energy Transition Investment Trends 2024 finds that renewable energy, electric vehicles, hydrogen and carbon capture all drive investment growth year-on-year • China leads with $676 billion invested in 2023, or 38% of the global total • Together, the EU, US and UK invested more than China in 2023, which was not the case […]
India, China, Chile, the Philippines, and Brazil Top Ranking as the Most Attractive Developing Economies for Clean Energy Investment According to Report
BloombergNEF’s Climatescope report reviews clean energy progress in 110 emerging economies Almost all these markets have renewable energy targets in force, but three-fifths of them have yet to achieve even half of their stated ambitions London, 29 November 2023 – India is the most attractive developing economy for renewable energy investment, narrowly edging out mainland […]
Lithium-Ion Battery Pack Prices Hit Record Low of $139/kWh
BloombergNEF’s annual battery price survey finds a 14% drop from 2022 to 2023 New York, November 27, 2023 – Following unprecedented price increases in 2022, battery prices are falling again this year. The price of lithium-ion battery packs has dropped 14% to a record low of $139/kWh, according to analysis by research provider BloombergNEF (BNEF). […]