Eagle Eye Power Solutions

Did You Know? March 2023

Did you know that the global Lithium-ion battery production capacity is projected to increase by 800% in the next four years? According to Bloomberg’s supply chain rankings for Li-ion manufacturing, China by far, currently tops the list at a whopping 77% of the world’s supply, with the US falling far behind and only producing 6%. Bloomberg predicts that is not going to change much by 2027. Personally, I’m interested to see how long Li-ion batteries in their current formats will be around at all. 

Did you know that according to the publication Energy News from Wyoming, all the wind turbines put into operation today will be at end of life in 20 years? Looks like we will need to find a better way to recycle the wind industry’s 43 million tons of blades annually by 2050, according to Waste Management. 

Did you know that hydrogen fuel cells and engines are getting a lot of attention? Despite all the negative press being spread around by producers of other alternative energy sources, research into using hydrogen as a fuel source has been on the rise in recent years. According to the U.S. Department of Energy, the global hydrogen powered engine market is expected to reach $34.7 billion in 2030 and reach $87.3 billion by 2040, which would be a 10.4% CAGR from 2030 to 2040. With such players as Toyota, Siemens, Amazon, and Emerson getting involved, one has to think. 

Did you know the Battcon, the international stationary battery conference is just around the corner? It will be held in Orlando, FL from May 9th through May 12th. Check out all the details at www.battcon.com. My inside view of how the presentations and panel sessions are shaping up looks like it could be one of the best yet. If you want to know more about energy storage, code compliance, testing, monitoring, and alternative stationary battery technologies, Battcon is the place to be. 

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