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BMW Group and China-based firm Ganfeng Lithium have signed a five-year supply contract for the lithium needed as a key raw material for battery cells.
An assessment by BNEF notes that the falling prices of lithium-ion create new opportunities for the technology to be used to balance renewables in the energy mix.
Grand View Research forecasts the global lithium-ion battery market to register a 17% growth by 2025, driven by the accelated adoption of EVs.
In East Africa, Eritrea plans to launch two solar hybrid power systems that will provide grid quality electricity to 40,000 people and businesses in the towns of Areza and Maidma. In an effort to aid...