Batteries: Contenders emerge for super-solutions
The low carbon energy revolution has become an unstoppable juggernaut as acceptance grows that the threat of catastrophic global climate change must be brought under control.
The low carbon energy revolution has become an unstoppable juggernaut as acceptance grows that the threat of catastrophic global climate change must be brought under control.
BP (LON:BP) has outlined plans to invest up to £50 million in a new electric vehicle (EV) battery testing centre and analytical laboratory in the UK.
A wholly-owned unit of Reliance Industries will buy the UK’s Faradion Ltd, a sodium-ion battery technology firm, for an enterprise value of 100 million pounds ($135 million) as billionaire Mukesh Ambani’s conglomerate accelerates its push into renewable energy.
Batteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionising the way consumers use energy.
It was really quite remarkable. I nearly fell off my chair when I heard that, at the recent G8 meeting, Gordon Brown was effectively trying to dictate technology policy by saying that all British motorists will be driving electric or hybrid cars by 2020. Eh?