Source: Tesla, Bloomberg.
Bloomberg reports on world's biggest lithium battery power plant built by Tesla in just three months. Cheaper lithium batteries change everything. We are talking here about the disruption of $4 Trillion Transportation and $8 Trillion Energy Industries. Energy Storage lithium batteries applications will become an even larger market for lithium use than electric cars in the future. Energy rEVolution is entering the exponential part of the adoption S-Curve. Lithium is the magic metal at the very heart of this Energy rEVolution.
Source: Bloomberg New Energy Finance.
Tesla To Deploy The Largest 80 MWh Lithium-ion Battery Powerpack Energy Storage In The World In California.
Tesla comes back into the news in style with the largest lithium-ion battery storage project in the world. Its 20 MW/80 MWh Powerpack installation will be powering Los Angeles area with the capacity enough to provide power for 2,500 houses for a day or charge 1,000 Tesla electric cars.
What is even more impressive that Gigafactory allows Tesla to manufacture and install the system just in 3 months. Now we can start talking about Energy rEVolution coming out of the labs and into our grid for real and Australia is a very bright spot for Tesla in this huge market already. Mass volume production of lithium batteries at Gigafactory will reduce the cost of these installations opening the new market for Tesla and its competitors. Cheap lithium batteries change everything and lithium batteries storage will follow now parabolic rise in Solar Power deployment.
Energy Storage will be an even larger consumer for lithium batteries than electric cars in the long run. You can find the links how they do it at Tesla Gigafactory and the latest McKinsey research below. In other parts of the world, Siemens in Germany is getting ready to a surge in lithium batteries demand.India is coming very strong with Solar Power this year and China is planning to boost Energy Storage 10-fold to 14.5 GWh by 2020.
Energy rEVolution: McKinsey&Company - The New Economics Of Lithium Batteries And Energy Storage.
It is time to study the "The new economics of energy storage" from McKinsey&Company - they will be pitching it now to their clients. A small note to the authors: Elon Musk has already announced that lithium battery packs at Tesla produced now at $190 per kWh. And mass production of lithium batteries at Tesla Gigafactory will bring this cost down to $100 per kWh by 2020. Energy storage is the missing link between renewables and the old grid, it will consume even more lithium batteries than exponentially growing electric cars.
In places like China, India and Africa trillions of dollars will be saved on infrastructure going with smart grids empowered by Solar and energy storage. There is no need for the fixed telephone lines if you have mobile networks. The same is happening with Energy Generation and Utilities right now. In this case, we are talking about the disruption of $8 trillion dollars Energy industry compare to $4 trillion dollars of transportation. Below you can find links to the report and more information on this fast-growing energy sector. Welcome to the Energy rEVolution: now we can store energy and use it when we want it!
If you think that there is too much hype about Energy Storage now, the anecdote from Tony Seba will be timely: In the mid-1980s AT&T hired McKinsey&Company to forecast cell phone adoption by the year 2000. They have estimated 900,000 cell phones and were off ... by a factor of 120X grossly underestimating the growth in the market and adoption of that new disruptive technology. There were 109 million cell phones by 2000.
"Battery technology, particularly in the form of lithium ion, is getting the most attention and has progressed the furthest. Lithium-ion technologies accounted for more than 95 percent of new energy-storage deployments in 2015.5They are also widely used in consumer electronics and have shown promise in automotive applications, such as plug-in hybrids and electric vehicles. Prices for lithium-ion batteries have been falling and safety has improved; moreover, they can work both in applications that require a lot of energy for a short period (known as power applications) and those requiring lower amounts of energy for longer periods (energy applications). Collectively, these characteristics make lithium-ion batteries suitable for stationary energy storage across the grid, from large utility-scale installations to transmission-and-distribution infrastructure, as well as to individual commercial, industrial, and residential systems.Our model confirms the centrality of lithium-ion batteries to utility-scale energy storage, but with two important caveats. First, it is critical to match the performance characteristics of different types of lithium-ion batteries to the application. For example, we looked at two major lithium-ion-battery providers that were competing to serve a specific industrial application. The model found that one company’s products were more economic than the other’s in 86 percent of the sites because of the product’s ability to charge and discharge more quickly, with an average increased profitability of almost $25 per kilowatt-hour of energy storage installed per year. McKinsey&Company." Read more.
How It's Made: Future Of Energy Storage For Electric Cars And Solar - Video Tour Of Tesla Gigafactory In Detail.
"Vincent Everts has produced the great video with a detailed tour of Tesla Gigafactory. Now you can understand how the future Of Energy Storage is made by Tesla to power Electric Cars and Solar. Below you can find the video with Elon Musk and JB Straubel presenting Tesla Gigafactory. Watch the video."
Elon Musk Launches Tesla Gigafactory: The Goal - Exit The Fossil Fuels Era As Soon As Possible.
"Elon Musk: "Gigafactory is the giant machine, we had to design it as a product - as a machine building other machines. We have just to build it and it has to be big, very big. Because the world is big. We could not find enough lithium batteries for our cars. Total lithium batteries output in 2014 was 30 GWh, Gigafactory will produce 50 GWh in 2018 for 500,000 electric cars and 150 GWh at full capacity for 1.5 million electric cars and Tesla Energy." Watch the video."
"Now you can better appreciate the enormous scale of Tesla Gigafactory and Elon Musk's vision why all cars will be electric and very soon. Elon Musk has confirmed the most important information for the mass market for electric cars: he expects that cost of lithium batteries for Tesla Electric Cars will drop to $100 per kWh by 2020. It means that Tesla Model 3 60 kWh lithium battery will cost ... only $6k! We can start seriously talking about my magic formula to make all cars electric: 20/200 when $20k buys you beautiful type BMW 2 electric car with a better performance and 200 miles range on a charge. Watch the video."
Lithium Technology: China To Boost Energy Storage 10-fold To14.5 GW By 2020 To Cut Power Waste.
Reuters.
"Now we have the news confirming China's Renewable Energy ambitions and military plan to build New Energy and Electric Cars industries. Utility scale energy storage will change the world of fixed power lines and centralized generation, the same way like mobile communication systems have overtaken the fixed telephone lines. Smart Grids with Solar Power and Energy Storage will manage to provide the power 24/7 with Distributed Energy Generation Model and will save for China, India and Africa trillions of dollars in CAPEX. Lithium technology is taking the central stage in these Utility storage systems as well as in home-based power storage solutions. The demand for Lithium will be driven by Energy Storage even more than by Electric Cars. Read more."
Bloomberg:
Three new plants in California show how lithium-ion storage is ready to power the grid.
by
Tesla Motors Inc. is making a huge bet that millions of small batteries can be strung together to help kick fossil fuels off the grid. The idea is a powerful one—one that’s been used to help justify the company’s $5 billion factory near Reno, Nev.—but batteries have so far only appeared in a handful of true, grid-scale pilot projects.
That changes this week.
Three massive battery storage plants—built by Tesla, AES Corp., and Altagas Ltd.—are all officially going live in southern California at about the same time. Any one of these projects would have been the largest battery storage facility ever built. Combined, they amount to 15 percent of the battery storage installed planet-wide last year.
Ribbons will be cut and executives will take their bows. But this is a revolution that’s just getting started, Tesla Chief Technology Officer J.B. Straubel said in an interview on Friday. “It’s sort of hard to comprehend sometimes the speed all this is going at,” he said. “Our storage is growing as fast as we can humanly scale it. Read more”
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