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After almost four years of doldrums, lithium prices in January of this year have surged, as world demand for industrial-grade BESS surpasses EVs for lithium demand.
A winter storm is expected to move from the U.S. Southwest across the southern Plains and into the East this weekend. This system is forecast to bring heavy rain and localized flooding.
Vitol said that road transportation is the primary factor determining the trajectory for global oil demand. The uptake in EVs, however, is slowing down in the U.S. economy, the largest in the world.
U.S. rollbacks on energy transition funding are making EVs "the road less traveled," while China and the rest of the world drive on. Overall, this will increase demand for battery energy storage systems and lithium.
Global demand for electricity is expected to grow strongly to 2030, underscoring the need for additional investments in grids and flexibility, such as batteries, according to a report released last Friday by the International Energy Agency (IEA).
Industrial Info sees a multi-year buildout of data centers and AI facilities.
The development of battery electric storage systems (BESS) is surging worldwide, as BESS is at least a partial remedy for the intermittency of renewable energy sources.
Ed Lewis, the founder and CEO of Industrial Info Resources (IIR), calls the IIR model "surveillance-grade" because it is active and asset-level. Now, IIR is exploring AI.
Scan through a selection of energy-related news highlights that we think will interest our clients.
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