Electrification of the transport sector will not only propel up power demand but also spur a surge in global copper consumption. Electric vehicles (EVs) alone are forecast to consume more than 3.7 million tons of copper every year through 2030, and the anticipated 20 million EV charging points are seen propelling up copper demand by 250% over 2019-levels.
U.S. technology innovator Tesla has launched a huge battery, called Megapack, claiming it would be more cost-effective and faster to install than any fossil-fuelled power plant. The pilot utility-scale Megapack battery will be installed on behalf of the Pacific Gas and Electric Company (PG&E) for the Moss Landing project in California.
Electrification of transport has propelled up demand for batteries, increasing the risk that battery metals – cobalt, lithium, and nickel – will face a supply crunch by the mid-2020s. If automotive manufacturers realize their pledge to “go completely electric” by 2050, demand for battery metals would skyrocket – as would the electricity-use of these vehicles.
In a world first, Siemens Gamesa has commissioned an electric thermal energy storage in Hamburg-Altenwerder. The system can store 130 MWh of energy for up to one week – target is storage capacity in the Gigawatt-hour range. Storage helps decouple electricity generation and use, reducing the intermittency challenge of wind and solar power supply.
The 22MW/34.8MWh Cremzow battery energy storage in northeastern Germany has started full commercial operation, underpinned by Wärtsilä's GEMS control platform. Built by Enel, Enertrag and Leclanché at a cost of about 17 million Euros, the storage provides frequency regulation services for the regional power grid.
Australian energy company Santos is about to launch the world's first battery project at its Darwin LNG export plant. It will integrate batteries at the liquefaction facility's integrated gas power unit to ensure they run more effectively and with less emissions. The project is about to enter FEED phase and is due completed in mid-2020.