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☆ We'll never achieve energy transition goals without nuclear energy, IAEA chief says
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'll never achieve energy transition goals without nuclear energy, IAEA chief saysRafael Mariano Grossi, director general of the International Atomic Energy Agency, speaks to CNBC's Dan Murphy and Steve Sedgwick at COP28.

Persons: Rafael Mariano Grossi, CNBC's Dan Murphy, Steve Sedgwick Organizations: IAEA, International Atomic Energy Agency Locations: COP28

☆ No one's been this pumped for a keynote since Steve Jobs launched the iPhone
▼ + stars: | 2023-11-06 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The buzz among developers is reminiscent of the iPhone and App Store launches. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe AI developer community is so hyped for an upcoming keynote that it's giving Steve Jobs-launches-the-iPhone energy all over again. ChatGPT developer OpenAI is kicking off its first developer conference in San Francisco on Monday, almost a year after releasing the chatbot publicly for free. Ultimately, the App Store changed software development and became a major revenue spinner for Apple.

Persons: —, Steve Jobs, OpenAI, Sam Altman, NCENOGzcq5, 4EjZo7huFQ, Brian Roemmele, Charley Ma, Yasser Elsaid, Altman Organizations: Service, Apple Locations: San Francisco, OpenAI, ChatGPT

☆ The world has to add or replace 50 million miles of transmission lines by 2040, IEA says
▼ + stars: | 2023-10-17 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

That amount is roughly equivalent to the total number of miles of electric grid that currently exists in the world currently, according to the IEA. It will also require changes in how the electric grid in each country is operated and regulated. The consequences of falling further behind in building transmission lines is dire, the IEA says. Building new transmission lines takes between five and 15 years, with planning and permitting included. Building transmission lines globally needs to be an issue of international cooperation, the IEA says.

Persons: Clark, Fatih Birol, what's, Birol, Bill Gates Organizations: International Energy Agency, IEA, Microsoft Locations: Primm , Nevada, Paris

☆ Factbox: Few suppliers of synthetic graphite for EV batteries
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsSept 12 (Reuters) - Although synthetic graphite has been around for more than 100 years, few companies are supplying the material to makers of electric vehicle batteries and battery electrodes. Here’s a short list of public and private companies engaged in the development and production of synthetic graphite, regarded as higher purity and offering better performance, for EV batteries:Anovion (USA)Founded: 2022Partners: Forge Nano, American Battery FactoryOperations: USABTR New Energy Materials (China)(835185.BJE)Founded: 2000Investor: Syrah Resources (SYR.AX)Partner: CNGR (300919.SZ)Operations: China, IndonesiaKuntian New Energy Technology (China)Founded: 2018Investors: Sinopec (600028.SS) , SK China, A123 Systems, Eve Energy (300014.SZ) , BTR New Energy Materials (835185.BJE) , SvoltOperations: ChinaNovonix Group (Australia)(NVX.AX)Founded: 2012Investor: Phillips 66 (PSX.N)Partners: LG Energy Solution (373220.KS) , Kore PowerOperations: Australia, Canada, USAResonac Holdings (Japan)(4004.T)formerly Showa DenkoFounded: 1939Operations: JapanShanshan Technology (China)(SSHOLG.UL)Vianode (Norway)Founded: 2020Investors: Elkem (ELK.OL) , Norsk Hydro (NHY.OL)Operations: NorwaySources: Felixwire, PitchBookReporting by Paul Lienert in Detroit; Editing by Timothy GardnerOur Standards: The Thomson Reuters Trust Principles.

Persons: Phil Noble, Paul Lienert, Timothy Gardner Organizations: REUTERS, EV, American Battery Factory, BTR, Energy Materials, Syrah, Indonesia Kuntian, Energy Technology, SK China, Systems, Eve Energy, BTR New Energy Materials, Svolt, China Novonix Group, LG Energy, Power, USA Resonac Holdings, Japan Shanshan Technology, Norsk Hydro, Thomson Locations: Manchester, Britain, China, BJE, Indonesia, Australia, Canada, Japan, Vianode, Norway, Detroit

☆ Cummins, Daimler, PACCAR form joint venture for US battery cell production
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Fabian Bimmer Acquire Licensing RightsSept 6 (Reuters) - Accelera, a zero-emissions business unit of Cummins (CMI.N), Daimler Trucks & Buses US Holding and PACCAR (PCAR.O) said on Wednesday they formed a joint venture to advance battery cell production in the United States. Daimler Truck, Accelera and PACCAR will each own 30% of the joint venture, which will initially focus on LFP battery technology family for commercial battery-electric trucks. "This planned joint venture enables economies of scale beyond Daimler Truck," said Martin Daum, CEO of Daimler Truck. LFP battery-cell maker EVE Energy (300014.SZ) will also serve as the technology partner in the joint venture with a 10% ownership. LFP battery cells were developed in the United States, but Chinese companies such as BYD (002594.SZ) and CATL (300750.SZ) currently dominate global production.

Persons: Daimler, Fabian Bimmer, Martin Daum, Nathan Gomes, Krishna Chandra Organizations: IAA Transportation, REUTERS, Cummins, Daimler Trucks, Toyota, Ford Motor, Hyundai, Daimler, EVE Energy, Thomson Locations: Hanover, Germany, United States, Bengaluru

☆ Philippines sees risk of conflict over Taiwan as a 'major concern'
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

Filipino soldiers stand at attention near a Philippine flag at Thitu island in disputed South China Sea April 21, 2017. "Major concern is also seen in the Cross-Straits relations that has the potential to be the flashpoint in the region," the government said in the document, published by the National Security Council, referring to the Taiwan Strait. The plan also covered government food and energy security priorities and noted that the South China Sea "remains a primary national interest". To achieve energy security, the government said it would explore development of offshore reserves, including in the South China Sea, to help reduce dependence on imports. Ties with China have grown tense under Marcos, as the Philippines pivots back to traditional ally the United States.

Persons: Erik De Castro, Ferdinand Marcos Jr, Marcos, Karen Lema, Robert Birsel Organizations: REUTERS, Rights, National Security Council, Mutual Defense, U.S, Thomson Locations: Philippine, Thitu, China, Philippines, United States, Taiwan, Beijing, Japan, South, South China

☆ Trailing Trump, DeSantis Unveils Economic Plan Slamming ‘Failed Elites’
▼ + stars: | 2023-07-31 | by ( Nicholas Nehamas | More About Nicholas Nehamas | ) www.nytimes.com time to read: +2 min

And his proposals to further reduce America’s economic links with China echo the plans of an emerging populist wing of Republican candidates, including Mr. Trump. Mr. DeSantis has already reshaped the tactics of his campaign in the past week, opening himself up to more questions from voters and the media; holding smaller, less formal events; and condensing his lengthy stump speech. Mr. DeSantis has already unveiled proposals on immigration and the military. But Mr. DeSantis, who prides himself as a policy expert, has a tendency to delve deep into details and to use a sometimes bewildering series of acronyms in his stump speeches. His allies say that getting into kitchen-table issues like the economy is a necessary shift.

Persons: DeSantis’s, Trump, DeSantis Organizations: Republican Locations: China, Florida

☆ China's Sunwoda plans $274.7 mln Hungarian battery plant
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

BEIJING, July 27 (Reuters) - China's Sunwoda Electronic (300207.SZ) plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), as Chinese battery makers expand in the European market. Sunwoda, a smaller player among Chinese battery makers, counts Xpeng (9868.HK), Mercedes (MBGn.DE) and Guangzhou Automobile Group (601238.SS) among its biggest clients. Its move comes as Chinese battery suppliers shake up Europe's e-mobility supply chains by setting themselves up on the continent. Chinese market leader Contemporary Amperex Technology (CATL) (300750.SZ) is building a 7.3 billion euro ($8.13 billion) battery plant, also in Hungary, following its first European production site in Germany. ($1 = 7.1380 Chinese yuan renminbi)($1 = 0.8977 euros)Reporting by Ethan Wang, Zhang Yan and Ryan Woo; Editing by Christian Schmollinger and Emma RumneyOur Standards: The Thomson Reuters Trust Principles.

Persons: Sunwoda, Ethan Wang, Zhang Yan, Ryan Woo, Christian Schmollinger, Emma Rumney Organizations: Shenzhen Stock Exchange, HK, Mercedes, Guangzhou Automobile Group, Amperex Technology, EVE Energy, Energy, Thomson Locations: BEIJING, Hungary, Germany, Thailand

But rival European battery groups are still scarce, and global carmakers have more to gain than lose. Chinese battery suppliers like Contemporary Amperex Technology (CATL), SVOLT, Envision, and most recently EVE Energy (300014.SZ), are shaking up Europe’s e-mobility supply chains. At 4.5 billion euros, investments in projects to build new plants in Europe overtook spending on mergers and acquisitions. European battery makers will struggle to compete. Given the chance, Chinese battery makers can power up Europe’s own supply chains, and its auto companies too.

Persons: CATL, It’s, Bernstein, Emmanuel Macron, Tesla, Elon, Lisa Jucca, Thomas Shum Organizations: Reuters, Volkswagen, BMW, Volvo, Technology, EVE Energy, Shanghai Putailai, Energy Technology, Mineral Intelligence, Companies, Wall Street, LG, Samsung SDI, Union, Commission, EU, United, Mercedes, Benz, Elon Musk’s, Mercator Institute for China Studies, Thomson Locations: HONG KONG, China, People’s Republic, Europe, Shanghai, People’s, Sweden, United States, EU, Hungary, Spain

We view it as more important to get back raw materials from cars and other products," Chief Financial Officer Nicolas Peter said in an interview. Some, such as Volkswagen (VOWG_p.DE), are betting big on expanding their own battery production and investing in mines to secure control down the supply chain. Mercedes-Benz (MBGn.DE) said on Thursday it had made a "fundamental decision" to allocate capital to mining and had set up a raw material office in Canada, where it signed a raw materials agreement last year. "With our business development, we are creating the motivation to invest - but we do not need to develop big recycling facilities for battery cells ourselves." Investing in technologies requiring fewer critical raw minerals, including hydrogen-powered cars, is another way BMW plans to bring down costs.

We view it as more important to get back raw materials from cars and other products," finance chief Nicolas Peter said in an interview. BMW has its own battery cell research centre in Germany, but has left large-scale development to partners, placing multi-billion-euro orders with CATL (300750.SZ) and EVE Energy (300014.SZ) to produce battery cells in China and Europe. Mercedes-Benz said on Thursday it had made a "fundamental decision" to allocate capital to mining and had set up a raw material office in Canada, where it signed a raw materials agreement last year. Investing in technologies requiring less raw critical minerals, including hydrogen-powered cars, was another way to bring down costs, Peter said. The carmaker has a battery cell recycling facility via its joint venture in China, but does also not see the need to develop large cell recycling facilities of its own, Peter said.

☆ Factbox: Asia's carbon pricing and emission trading systems
▼ + stars: | 2023-03-31 | by ( Matthew Chye | ) www.reuters.com time to read: +5 min

Here is a look at some of the carbon emissions trading systems (ETS) and pricing mechanisms in Asian countries aimed at reducing greenhouse gas emissions and achieving net zero targets. * A carbon levy will be introduced from around 2028/29 on fossil fuel importers such as refiners, trading houses and electricity utilities. INDIA* Parliament in December passed the Energy Conservation (Amendment) Bill 2022 that sought to establish carbon trading. * Authorities are studying the implementation of a carbon exchange and plan to set up agencies to monitor and verify emission volume. MALAYSIA* The stock exchange launched a voluntary carbon market (VCM) in December with the introduction of the Bursa Carbon Exchange, the world's first Shariah-compliant carbon exchange.

☆ CATL’s battery ram is losing power
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, March 10 (Reuters Breakingviews) - Chinese battery maker Contemporary Amperex Technology (300750.SZ) posted earnings growth of 61% for the quarter ended December on Thursday. The company led by Robin Zeng boasts unrivalled economies of scale, allowing it to drive down costs for clients including Tesla (TSLA.O). Alas, in China, which accounts for four fifths of CATL’s top line, such dominance is drawing unwanted attention. On Monday, during a meeting between Zeng and Chinese President Xi Jinping, the Party leader expressed mixed feelings about CATL’s 37% global market share. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ China's Xi has mixed feelings about CATL's battery market dominance
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +3 min

[1/2] Chinese President Xi Jinping attends the opening session of the Chinese People's Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing, China March 4, 2023. "Emerging industries must do a good job in planning, figuring out how big the market is and where the risks are," Xi was quoted as saying. At the same time, it has come under growing pressure from Washington, which has restricted Chinese companies' access to advanced AI chips and other semiconductors, citing national security. The Ford-CATL partnership will be win-win for both parties without threatening China's leadership in the EV industry, Dong wrote. Reporting by Zhang Yan and Brenda Goh Editing by Edwina Gibbs and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ China's Xi tells CATL he has mixed feelings about its battery market dominance
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] Chinese President Xi Jinping attends the opening session of the Chinese People's Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing, China March 4, 2023. REUTERS/Thomas PeterSHANGHAI, March 7 (Reuters) - Chinese President Xi Jinping told CATL (300750.SZ) on Monday he had mixed feelings about its status as the world's largest battery maker - remarks that come at a time when the company is rapidly expanding abroad and moving to undercut domestic rivals. After a presentation by CATL Chairman Zeng Yuqun who described how the firm commands 37% of the global battery market, Xi was quoted as saying that he was "both happy and worried", glad about its leading position but concerned about the risks. "Emerging industries must do a good job in planning, figuring out how big the market is and where the risks are. CATL's shares fell 1.6% on Tuesday, in line with a decline in China's blue chip CSI300 Index.

☆ Analysis: CATL's 'price war' shows its power, and China's EV edge
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +6 min

"It's very much a market share game," said Caspar Rawles, chief data officer at Benchmark Mineral Intelligence. Contemporary Amperex Technology Co Ltd - more widely known by its initials - is the dominant global supplier with a 37% share of the EV market. For CATL, the discount is a way to head off a bid by Chinese EV makers to seek alternatives. CATL batteries power Volkswagen's (VOWG_p.DE) I.D. "The reductions that CATL is offering would help the Chinese EV industry," said James Frith, a principal at battery-tech focused venture capital group Volta Energy Technologies.

☆ Ford deal shows U.S. EVs can’t unplug from China
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

It’s evident that President Joe Biden’s Inflation Reduction Act “did what it was intended to do”, according to one executive. Ford Motor (F.N) is licensing technology and services from China’s Contemporary Amperex Technology (300750.SZ), rather than buying batteries directly or forming a joint venture. This unusual setup allows the American auto veteran to use CATL’s lithium ferro-phosphate (LFP) chemistry whilst satisfying the IRA’s demands. As automakers start mass-producing electric vehicles, they will depend on Chinese suppliers, wherever they locate their factories. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Italvolt to license battery technology from Israel's StoreDot
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Jan 16 (Reuters) - Electric vehicle batterymaker Italvolt will license fast-charging battery technology from Israeli start-up StoreDot to manufacture lithium-ion batteries at a plant it is raising funds to build in Italy, the companies said on Monday. Italvolt will ringfence a minimum amount of the batteries produced at the plant for StoreDot's business and customers, Italvolt's statement said, without specifying the amount. Fast-charge capability could also enable EV manufacturers to install smaller battery packs and thus lower the cost of their cars. Currently, StoreDot licenses technology to its manufacturing partner EVE Energy (300014.SZ) to produce batteries in China and ship to customers in China and Korea. Italvolt is one of a handful of battery startups trying to raise money and build a homegrown European battery industry to compete with the Asian giants that dominate global sales.

☆ Goldman Sachs: Buy these 20 stocks poised for up to 50% upside over the long term as inflation cools down in 2023
▼ + stars: | 2023-01-05 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Inflation is expected to cool down in 2023, partly due to the Inflation Reduction Act. Last March, Fed Chair Jerome Powell embarked on an aggressive interest rate-hiking cycle, while President Joe Biden signed the Inflation Reduction Act in August. 20 stocks to profit from taming inflationAccording to Lee, IRA tailwinds could drive over 50% upside in earnings or stock prices in 20 select stocks as early as 2023. Surprisingly, the 20 stocks poised to benefit from IRA also included names from energy services and financials, two sectors with "underappreciated upside," Lee wrote. Below are the 20 stocks Lee and his team identified as the biggest IRA beneficiaries.

☆ JPMorgan CEO Jamie Dimon: 'Why can't we get it through our thick skulls?' America boosting oil and gas production is 'not against' climate change
▼ + stars: | 2022-08-14 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

JPMorgan CEO Jamie Dimon spoke to wealthy clients on a call Tuesday, Yahoo Finance reported. The call touched on various topics, including climate change and the odds of a recession. He said US natural gas production does not conflict with the reduction of greenhouse gas emissions, according to the outlet. The problem with that is because of high oil and gas prices, the world is turning back on their coal plants. "Why can't we get it through our thick skulls, that if you want to solve climate [change], it is not against climate [change] for America to boost more oil and gas?"

Echipa Store Dot, compania din Israel care a anunţat inovaţia / Sursa:PiataAuto.mdAnunţul a fost însoţit de prima partidă de baterii reale produse ca demonstraţie. Cheia atingerii saltului tehnologic a fost înlocuitea grafitului din anodul bateriilor cu nano-particule metaloide. Ce înseamnă de facto încărcare de 5 minute — la ce capacitate totală a bateriei, la ce putere de încărcare? Apoi au testat-o pe baza scuterelor electrice, unde au şi atins indicatorii de încărcare în 5 minute. Cei de la PiataAuto.md au intrat în profunzimea noii tehnologii și a modului efectiv în care ea schimbă, de fapt, modul de funcționare a bateriilor.

Organizations: EVE Energy Locations: Israel, China

☆ O companie din Israel a inventat bateriile pentru mașinile electrice care se încarcă în cinci minute
▼ + stars: | 2021-01-21 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

O companie israeliană a dezvoltat un tip de baterie pentru mașinile electrice, care se încarcă aproape la fel de repede pe cât îi ia unui șofer să facă plinul cu benzină la o mașină, potrivit The Guardian. Cum funcționează bateria Bateriile sunt create de StoreDot și produse efectiv de Eve Energy, în China, potrivit The Guardian. Bateriile unei mașini electrice funcționează pe bază de litiu-ioni, exact ca la telefoanele mobile, tablete sau laptopuri. StoreDot a înlocuit grafitul folosit drept conductor în bateriile litiu-ioni cu nanoparticule semiconductoare prin care ionii trec mai ușor și mai rapid în timpul încărcării pentru a nu provoca un scurtcircuit al bateriei. Anul trecut, inginerii Universității din Pennsylvania au dezvoltat un tip de baterie asemănător, care poate încărca o mașină electrică în 10 minute și oferă o autonomie suplimentară de până la 320 de kilometri, potrivit UPI.com.

Persons: israeliană, StoreDot Organizations: israeliană, Eve Energy, Universității din Locations: Europa, China, Universității din Pennsylvania

☆ O companie din Israel a produs prima baterie pentru mașini electrice care se încarcă în 5 minute
▼ + stars: | 2021-01-20 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

O companie din Israel a reușit să producă prima baterie pentru mașini electrice care se poate încărca complet în numai cinci minute. Bateria pe litiu a fost dezvoltată de israelienii de la StoreDot și produsă de compania Eve Energy în China pe o linie standard de producție, scrie digi24.ro. Bateria care se încarcă în doar cinci minute este produsă pe baza unei tehnologii care are aceleași costuri cu bateriile auto obișnuite. Compania StoreDot a mai produs prin această tehnologie inovatoare baterii destinate telefoanelor, dronelor și scuterelor electrice. Faptul că încărcarea bateriilor durează mult și teama de a nu rămâne fără baterie în mijlocul drumului sunt motivele pentru care multă lume ezită încă să-și cumpere un vehicul electric.

Organizations: Eve Energy, Daimler, BP, Samsung Locations: Israel, China

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