Analysts expect strong, continued rise in energy storage installations

first_imgAnalysts expect strong, continued rise in energy storage installations FacebookTwitterLinkedInEmailPrint分享Greentech Media:There’s a broad consensus that the world will deploy more grid storage in the coming years than it does today, but few people agree on exactly how much more.Here’s a new prediction: Global lithium-ion battery deployments over the next five years will grow by 55 percent annually, according to a new report from GTM Research. In other words, annual lithium-ion installations will grow more than eightfold, from 2 gigawatt-hours in 2017 to 18 in 2022.This growth is starting from a tiny baseline — for comparison, electric-vehicle sales produced demand for 112 gigawatt-hours of batteries in 2017 alone. With 55 percent annual growth, though, grid storage will soon be substantial enough to alter the performance of electrical systems around the world.The U.S. will continue to lead the pack in deployments, followed by China, Japan and Australia. The investments that states are putting in now with early battery projects, market reforms and storage mandates will bear fruit over the next several years.The accelerating deployments are made possible by a flurry of interconnected trends. The demand for EV batteries has incentivized a massive build-out in production capacity, which reduces the cost of batteries for grid applications. All told, authors Mitalee Gupta and Ravi Manghani expect battery pack prices to fall from $219/kilowatt-hour in 2017 to $39/kilowatt-hour in 2040, an 82 percent reduction.More: Lithium-Ion Storage Installs Could Grow 55% Every Year Through 2022last_img read more

Taiwanese audio firm leaves China, builds factory in W. Java

first_imgRead also: Seven companies to relocate facilities to Indonesia, invest $850mIndonesia is seeking to reverse its declining foreign direct investment, which was down by 9.2 percent year-on-year (yoy) to Rp 98 trillion in the January-March period.Bahlil said Meiloon would give priority to local workers and local suppliers of raw and intermediate goods.The firm hopes to start production no later than the second half of this year. It plans to sell all of its products overseas, including to its American partner, audio firm JBL.“For the past two years we have spent our time surveying many countries, and finally, we decided that Indonesia and Subang were the best country and city to grow our business,” said Eva Kuo, the chief financial officer of Meiloon Industrial Co. Ltd.The government is preparing thousands of hectares of land in Majalengka regency, West Java, to develop an industrial park to attract more investment, according to Bahlil. An industrial park in Batang regency, Central Java, has also been developed and has become a manufacturing hotspot.West Java Governor Ridwan Kamil said on Tuesday that he planned to travel to China, Taiwan and other countries to promote West Java to foreign investors once pandemic-related travel restrictions eased.“Those who go to get the ball themselves will win the investment, and those whose politics is ‘wait and see’ will become obsolete,” Ridwan said, adding that he hoped West Java would remain a top destination for foreign capital inflow.Leopaard Prawira, a shareholder of Meiloon Technology Indonesia, said that he hoped the construction of the firm’s factory would encourage other companies to develop their businesses in Indonesia.“This groundbreaking ceremony proves that business licensing in Indonesia can be done quickly,” said Leopaard.There are currently 199 companies considering developing their businesses in Indonesia with a total potential investment of $41.4 billion and the potential addition of 162,000 jobs, according to the BKPM.Topics : Taiwan-based audio system manufacturer PT Meiloon Technology Indonesia has officially begun the relocation of its factory from China to Indonesia. It broke ground on the new factory in Subang, West Java, on Tuesday.The firm is one of seven companies that committed in June to move their factories from China to Indonesia, representing a total investment of US$850 million. As global supply chains are disrupted during the pandemic, many firms have begun to question their heavy reliance on China.The company, whose factory was previously located in Suzhou, Jiangsu province, China, pledged to invest $90 million and employ more than 8,000 workers in Indonesia, according to the Investment Coordinating Board (BKPM) data. As a result of special assistance from the BKPM, Meiloon is the first recorded company in Indonesia to begin the construction of its facilities before its business license has been issued.“This should serve as an example to other regions,” BKPM head Bahlil Lahadalia  said in a virtual press event on Tuesday.“It is no longer the time to deter investors. Now, we have to collaborate with the regency administrations, provincial administrations, the government and investors to grow the economy in the regions.”President Joko “Jokowi” Widodo previously ordered the BKPM to simplify the process of obtaining business permits to cater to relocating firms. He also asked them to pledge to back up investors if problems with land procurement or other bureaucratic hurdles occurred.last_img read more

Nyantakyi rubbishes claims of GFA Black Stars bias

first_imgGhana Football Association boss Kwesi Nyantakyi has dispelled suggestions that his outfit pays little attention to the country’s other national teams.Nyantakyi was responding to President John Dramani Mahama’s plea for the FA to give equal attention to the other national teams during his State of the Nation Address last Thursday.In an exclusive interview with Joy Sports, Kwesi Nyantakyi noted that the GFA has not concentrated so much on the Black Stars but admits the recent outings of the team has become a reference point for this perception of neglect.”To a very large extent a lot has been done probably on the blind side of the country. Many people who are not closely attached to the teams may not know what we do for the junior national teams,’ Nyantakyi explained.”If we look at the technical teams, the level of expertise we recruit for the Black Stars is what we are now trying to transfer to the other national teams.”If you look at kitting, for instance the Puma contract, although the focus is the Black Stars the quality of kits given to the junior teams are not different from what the Black Stars gets. The same jerseys we get from Puma [are enjoyed] by all the teams including the women’s team.” He added that training tours are “a standard for every tournament the Black Stars goes and we do the same with the other teams.””We have only one senior national team like any other country and so in terms of ranking of the country they use the senior national team and that appears to be the focal point but it doesn’t mean we have relegated the other national teams to the background. Equal attention is given all.”Meanwhile Nyantakyi revealed that they have boosted the technical team of the Ghana U-20 team with a physical trainer and two video analysts as the side prepares for this month’s African Youth Championship in Senegal.”The Black Stars enjoyed the services of a physical trainer and a video analyst, in addition to that the head coach of the Black Stars has been seconded and we have transferred all these expertise to the U-20 team so we can raise the bar as far as the level of the Black Stars.”–last_img read more