Dive Brief:
Battery costs for electric vehicles are expected to decline to $90-$115/kWh by 2025 and $65-$80/kWh at the pack level by 2030, according to a report issued Wednesday by the National Academies of Sciences, Engineering, and Medicine.
The report, mandated by a 2007 Congressional directive asking the National Academies to periodically review fuel economy standards, projects the electric vehicle market from 2025 to 2035 and concludes EVs with a range of 300 miles or more will reach first-cost parity with internal combustion engines (ICE) by 2030. Shorter-range vehicles could reach cost parity sooner.
The report also includes a series of recommendations for federal agencies, calling on them to use their authority to drive the development and deployment of zero-emission vehicles (ZEV) as they present the long-term future of energy efficiency, petroleum reduction, and greenhouse gas emissions reduction within the light-duty transportation sector.
Dive Brief:
Lion Electric believes its battery-electric vehicles have a lower total cost of ownership compared to diesel vehicles, in most use cases, according to an F-4 the Canada-based OEM filed with the Securities and Exchange Commission Thursday.
On average, EVs could save fleets about 80% on energy costs and 60% on repair and maintenance, when compared to diesel, the company said.
The company said it expects production costs to decrease as battery costs come down, and increased purchasing power should reduce the costs of other vehicle parts. In that vein, Lion Electric said Monday it is building a battery manufacturing plant and an innovation center in Quebec, which will reduce battery costs.
Former FERC Chairman, Jon Wellinghoff, to Lead Voltus Regulatory Efforts
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SAN FRANCISCO, March 16, 2021 /PRNewswire/ Voltus, Inc., the world s leading platform for Distributed Energy Resources (DERs), announced today that Jon Wellinghoff, the longest serving Chairman of the Federal Energy Regulatory Commission (FERC), joins Voltus s leadership team as Chief Regulatory Officer (CRO).
Less Energy, More Cash
Wellinghoff lands at Voltus with an unparalleled track record of making the U.S. power grid more competitive, more reliable, and more affordable by advancing markets and policies that ensure the equal treatment of supply and demand. During his tenure as FERC Chairman, Wellinghoff was responsible for landmark FERC Orders 719, 745, and 755, among others, which helped cement the market integration of DERs. Jon is arguably the single most influential electricity market thought leader of our generation, says Gregg Dixon,
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NOTTINGHAM, England, March 16, 2021 /PRNewswire/ Deep Branch, a carbon dioxide recycling company, today announced it has completed an €8M Series A investment round. The investment complements a combined €4M in non-dilutive funding secured from UK and EU grant-funded projects scheduled from Q4 2020 to Q1 2023. Novo Holdings and DSM Venturing led the round, with participation from Total Carbon Neutrality Ventures and Barclays Sustainable Impact Capital. Johan Hueffer, Senior Partner at Novo Holdings, and Rob Beudeker, Investment Director at DSM Venturing, will join Deep Branch s Board of Directors. Lars Topholm, Head of Research at Carnegie Investment Bank in Denmark and non-executive Board member of Deep Branch since 2019, has been elected Chair of the Board.
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