#Fortum Charge

[electronalytics]

Second-life EV Battery Market Analysis 2023 Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2033

Introduction

The Second-Life EV Battery Market is a burgeoning frontier in the realm of sustainable energy solutions, offering a transformative approach to energy storage and consumption. This comprehensive overview delves into the intricacies of repurposed EV batteries, highlighting their significance, trends, and potential for shaping a greener future.

Understanding Second-Life EV Batteries

Unveiling the Concept

Second-life EV batteries refer to batteries that have reached the end of their usable life in electric vehicles but are repurposed for alternative applications, such as energy storage.

Repurposing Process

These batteries undergo rigorous testing and refurbishment processes to ensure their reliability and performance in secondary applications, ranging from residential energy storage to grid stabilization.

Market Dynamics

Growth Trajectory

The Second-Life EV Battery Market is witnessing exponential growth, driven by increasing investments in renewable energy infrastructure and the rising demand for cost-effective energy storage solutions.

Key Players

Leading automotive manufacturers, energy companies, and technology firms are actively involved in the second-life EV battery market, driving innovation and expanding the market reach.

Environmental Impact

Sustainability Benefits

Repurposing EV batteries extends their lifespan and reduces the environmental footprint of electric vehicles, contributing to a circular economy and mitigating electronic waste.

Emission Reduction

By leveraging repurposed EV batteries for energy storage, carbon emissions associated with traditional energy generation methods are significantly reduced, fostering a cleaner and greener energy ecosystem.

Emerging Trends

Technological Advancements

Innovations in battery management systems, predictive analytics, and smart grid integration are reshaping the landscape of the second-life EV battery market, enhancing efficiency and reliability.

Circular Economy Initiatives

Governments and organizations worldwide are implementing policies and programs to promote the reuse and recycling of EV batteries, further driving the growth of the second-life market.

Future Outlook

Growth Potential

With rapid advancements in battery technology and ongoing efforts to decarbonize the energy sector, the future of the second-life EV battery market appears promising, with vast opportunities for expansion and innovation.

Sustainability Imperative

As global awareness of climate change and environmental conservation grows, the adoption of repurposed EV batteries will play a crucial role in achieving sustainability goals and transitioning towards a low-carbon future.

Receive the FREE Sample Report of Second-life EV Battery Market Research Insights @ https://stringentdatalytics.com/sample-request/second-life-ev-battery-market/13505/ 

Market Segmentations:

Global Second-life EV Battery Market: By Company

Renault Group

Mercedes-Benz Group

Enel X S.r.l.

Fortum

BeePlanet Factory

RWE

BELECTRIC

Global Second-life EV Battery Market: By Type

Lead-acid Batteries

Nickel-cadmium Batteries

Lithium Ion Battery

Others

Global Second-life EV Battery Market: By Application

Renewable Energy Storage

Backup Power

EV Charging

Others

Regional Analysis of Global Second-life EV Battery Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Second-life EV Battery market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Click to Purchase Second-life EV Battery Market Research Report @ https://stringentdatalytics.com/purchase/second-life-ev-battery-market/13505/?license=single 

Key Report Highlights:

Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.

Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.

Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.

Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.

SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.

Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.

Report includes Competitor's Landscape:

➊ Major trends and growth projections by region and country ➋ Key winning strategies followed by the competitors ➌ Who are the key competitors in this industry? ➍ What shall be the potential of this industry over the forecast tenure? ➎ What are the factors propelling the demand for the Second-life EV Battery? ➏ What are the opportunities that shall aid in significant proliferation of the market growth? ➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Second-life EV Battery? ➑ How has the covid-19 impacted the growth of the market? ➒ Has the supply chain disruption caused changes in the entire value chain?

FAQs (Frequently Asked Questions)

What are Second-Life EV Batteries? Second-life EV batteries are batteries that have been retired from electric vehicles but are repurposed for secondary applications, such as energy storage.

How are Second-Life EV Batteries repurposed? Repurposed EV batteries undergo testing, refurbishment, and recalibration processes to ensure their reliability and performance in secondary applications.

What are the environmental benefits of repurposing EV batteries? Repurposing EV batteries extends their lifespan, reduces electronic waste, and contributes to carbon emission reduction by enabling cleaner energy storage solutions.

Which industries are driving the growth of the second-life EV battery market? Automotive manufacturers, energy companies, and technology firms are among the key players driving innovation and investment in the second-life EV battery market.

What role do technological advancements play in the second-life EV battery market? Technological advancements in battery management systems, predictive analytics, and smart grid integration are enhancing the efficiency and reliability of repurposed EV batteries, driving market growth and adoption.

What is the future outlook for the second-life EV battery market? With ongoing advancements in battery technology and increasing focus on sustainability, the second-life EV battery market is poised for significant growth and innovation, offering vast opportunities for industry stakeholders.

Customization of the Report:

This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@stringentdatalytics.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1 346 666 6655 to share your research requirements.

About Stringent Datalytics

Stringent Datalytics offers both custom and syndicated market research reports. Custom market research reports are tailored to a specific client's needs and requirements. These reports provide unique insights into a particular industry or market segment and can help businesses make informed decisions about their strategies and operations.

Syndicated market research reports, on the other hand, are pre-existing reports that are available for purchase by multiple clients. These reports are often produced on a regular basis, such as annually or quarterly, and cover a broad range of industries and market segments. Syndicated reports provide clients with insights into industry trends, market sizes, and competitive landscapes. By offering both custom and syndicated reports, Stringent Datalytics can provide clients with a range of market research solutions that can be customized to their specific needs.

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[imeservices]

Accelerating the Transition: How Electric Vehicles Are Shaping India's Clean Energy Future

Sustainable Transport Solutions

The world is undergoing a major transition towards a sustainable future, and one of the key areas that is driving this change is the transportation sector. As the negative impacts of fossil fuels become more apparent, there is a growing need for alternative modes of transportation that are not only environmentally friendly but also economically viable. Electric vehicles (EVs) have emerged as one of the most promising solutions to address these challenges.

Electric vehicles provide several advantages over traditional internal combustion engine (ICE) vehicles. Firstly, they produce zero tailpipe emissions, which means they do not contribute to air pollution and greenhouse gas emissions. This is particularly crucial in a country for electric vehicle manufacturing companies in India, which is home to some of the most polluted cities in the world. By adopting electric vehicles, India can significantly reduce its carbon footprint and improve air quality.

Secondly, electric vehicles are much more energy-efficient compared to ICE vehicles. While conventional vehicles typically convert only about 20% of the energy from fuel into actual movement, electric vehicles can achieve an efficiency of around 90%. This means that electric vehicles require less energy to travel the same distance, resulting in lower operating costs and reduced dependence on fossil fuels.

Furthermore, electric vehicles also offer a quieter and smoother driving experience. The absence of a noisy internal combustion engine and the use of electric motors result in a quieter ride, which not only adds to the comfort of the passengers but also reduces noise pollution in urban areas.

In recent years, the Indian government has been actively promoting the adoption of electric vehicles through various policy measures. The National Electric Mobility Mission Plan (NEMMP) aims to achieve 6-7 million electric and hybrid vehicles on Indian roads by 2020. Additionally, the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme provides financial incentives to buyers of electric vehicles and supports the development of charging infrastructure.

Charging Infrastructure in India

One of the key challenges in the widespread adoption of electric vehicles is the availability of an extensive charging infrastructure. A robust charging network is essential to address the range anxiety of potential electric vehicle owners and provide them with the convenience of charging their vehicles wherever they go.

In India, the government and various private players are working together to develop a comprehensive charging infrastructure. The government has set a target to establish at least one charging station every three kilometers in cities and every 25 kilometers on both sides of highways. Various incentives are being provided to businesses and individuals to encourage them to set up charging stations.

Several companies, including start-ups, are also investing in setting up charging infrastructure. Companies like Tata Power, Ather Energy, and Fortum have already begun establishing charging stations in major cities across the country. Additionally, mobility platforms and ride-hailing companies are also integrating electric vehicles into their fleets and setting up dedicated charging stations to support their operations.

Furthermore, innovative solutions like fast-charging stations and battery swapping technology are being explored to address the issue of long charging times. Fast-charging stations can charge an electric vehicle up to 80% in just 30 minutes, significantly reducing the time required for charging. Battery swapping technology allows users to replace their discharged battery with a fully charged one at a swapping station, eliminating the need for charging altogether.

[thestorybase]

Exploring the Vibrant Job Market in Espoo Opportunities Await!

Espoo, the second-largest city in Finland, is renowned for its innovative spirit, technological advancements, and high quality of life. Nestled in the Greater Helsinki metropolitan area, Espoo offers a thriving job market with diverse opportunities for professionals across various sectors. Whether you're a seasoned expert or a fresh graduate, Espoo provides a fertile ground for personal and professional growth. In this article, we will delve into the dynamic job market in Espoo, highlighting key sectors, major employers, and the city's unique advantages.

Technology and Innovation:

Espoo's success story is deeply intertwined with its robust technology and innovation sector. The city hosts a cluster of high-tech companies, research institutions, and startups, making it a hub for cutting-edge technological advancements. Leading corporations such as Nokia, Kone, and Rovio Entertainment have their headquarters or major operations jobs in Espoo, creating a plethora of job opportunities for engineers, software developers, and researchers. The vibrant startup ecosystem nurtures entrepreneurial talent, providing exciting prospects for those interested in disruptive innovations.

Research and Academia:

Espoo boasts world-class research institutions, including Aalto University, VTT Technical Research Centre of Finland, and the Finnish Meteorological Institute. These institutions attract top-notch researchers, professors, and experts from around the globe. The availability of research funding and collaboration opportunities fosters an intellectually stimulating environment, making Espoo an ideal destination for professionals seeking careers in academia or research-driven industries.

CleanTech and Sustainability:

Espoo is committed to environmental sustainability, making significant strides in the CleanTech sector. The city actively promotes sustainable solutions and green initiatives, presenting numerous job prospects in renewable energy, waste management, and sustainable urban planning. Companies like Fortum, Neste, and Vaisala are leading the charge in the CleanTech sector, offering a range of employment opportunities for individuals passionate about creating a greener future.

Health and Life Sciences:

The health and life sciences industry in Espoo is thriving, with a focus on research, innovation, and healthcare technologies. The Finnish healthcare system is renowned for its excellence, and Espoo is home to prominent hospitals, research centers, and medical device companies. Careers in healthcare management, biotechnology, pharmaceuticals, and medical research are in demand, catering to professionals who wish to contribute to the advancement of healthcare and improve patient outcomes.

Design and Creative Industries:

Espoo celebrates the fusion of art, design, and technology, positioning itself as a center for creative industries. Companies specializing in gaming, animation, graphic design, and industrial design have found their home in Espoo. Organizations such as Rovio Entertainment, Supercell, and Iittala exemplify the vibrant creative culture that permeates the city. For individuals with a flair for creativity and an interest in innovative design solutions, Espoo offers an array of exciting employment options.

Conclusion: Espoo's job market offers an enticing blend of opportunities in technology, innovation, research, sustainability, healthcare, and creative industries. The city's dedication to fostering a supportive ecosystem for businesses, coupled with its high living standards, makes it an attractive destination for professionals from around the world. Whether you're a tech enthusiast, a researcher, a healthcare professional, or a creative mind, Espoo has something to offer. So, dive into Espoo's vibrant job market, and unlock your potential in this thriving Finnish city!

[ev-guide]

Charging Ahead: India's Quest for a Robust EV Charging Infrastructure

Range anxiety is a major concern for EV owners and can only be alleviated by improving charging infrastructure. In India, EV adoption faces a chicken-and-egg problem, where charging station owners await increased EV sales while EV owners wait for more charging stations to be built. Without addressing this issue, EV adoption in India will not increase. The Indian government's goal of 30% EV on the roads by 2030 is unattainable without significant efforts to build charging infrastructure throughout the country.

The development of a robust charging infrastructure for electric vehicles (EVs) in India is a collective effort involving multiple stakeholders, including Charging Point Operators (CPOs), EV manufacturers and its component suppliers, battery-swapping operators, and the government. Each of these entities plays a crucial role in building a sustainable infrastructure for EV adoption. Without the participation and cooperation of these stakeholders, the growth of EV adoption in India will be hindered. These stakeholders are working together to establish an environmentally friendly society by strengthening the charging infrastructure for EVs. Let's look at the current state of charging infrastructure in India now.

Charging station networks by private entities: The backbone of the EV industry who are investing in the infrastructure even with the limited EVs on the roads. Players like ChargeZone, Delta, Statiq, Magenta, Fortum, PlugnGo are the leading charging point operators who have been building the charging infrastructure to help the EV sector for a multifold growth from the very beginning. Also, the oil and gas companies like Shell and Indian Oil have also started to set up charging stations in India which is a positive sign for the growth of the EV sector. 

Contribution by EV manufacturers: EV manufacturers are investing in charging infrastructure to ensure their customers have access to charging stations and are not stranded. For example, Tata, a leading producer of passenger EVs, has already installed 3000 public and semi-public EV chargers in 450 cities in India. Additionally, manufacturers of two-wheeler EVs such as Ather, Ola, TVS, Hero Electric, among others, are also investing in charging infrastructure, indicating positive growth for the sector.

Subsidies and schemes by Government of India: Even the Indian government has collaborated with a number of private entities to increase the country's number of charging stations. The Union Minister for Road Transport and Highways, Nitin Gadkari, recently announced that the central government had provisioned to set up 137 charging stations alongside the national highways so that you can enjoy an uninterrupted journey. "Wayside amenities are to be developed at regular intervals of 30 to 40 km across Brownfield National Highway and Greenfield Expressway," Nitin Gadkari said in the Rajya Sabha. The Indian government is also planning to set up charging stations for electric vehicles at 22,000 of the 70,000 petrol pumps across the country, especially the ones on the national highways.

To aid in the expansion of charging stations, they also provide incentives and subsidies to network operators of charging stations. The Union Power Secretary, Alok Kumar, said in one of his interviews with Moneycontrol, "We will provide subsidies to companies that will set up charging infrastructure for public transport in small towns and cities." He added that a subsidy of around Rs 4-5 lakh will be provided to set up 200-KW charging infrastructure for electric vehicles. He further said that oil marketing companies would be setting up electric vehicle charging infrastructure across national highways and are likely to be the biggest beneficiaries of the new planned subsidy.

Battery swapping technology and its contribution: Battery swapping is a different approach to charging your electric vehicles that is not limited to charging points. With this solution, you don't have to wait an hour to charge your EVs because you may replace your empty battery with a fully charged one. This idea is likewise in its infancy. To make this idea a reality, there is still much work to be done, such as standardising battery standards from both an Original Equipment Manufacturers (OEM) and software viewpoint. On August 12, 2020, the Ministry of Road Transport and Highways released a statement stating that electric two-wheelers and three-wheelers can be sold without battery packs. The move is to boost battery swapping infrastructure. Players like Sun Mobility, Lithion Power, VoltUp, ChargeUp, etc. are already working towards establishing a robust network of battery swapping stations across India.

In conclusion, although India may not have been an early adopter of electric vehicles like some Western countries, we are making progress in creating a sustainable charging infrastructure that will be beneficial for both the industry and EV owners. With the efforts of key stakeholders, India has the potential to reach its target of 30% EV adoption by 2030, or even exceed it.

[beardedmrbean]

Before she was Prime Minister, Sanna Marin (SDP) criticised a PM for promoting a business his family was linked to. But now she plans to speak at a start-up conference alongside a head of her husband's company.

Helsingin Sanomat (siirryt toiseen palveluun) reports that Prime Minister Sanna Marin (SDP) will speak at the annual start-up conference Slush in Helsinki with a representative from her husband's private equity firm.

Marin is set to discuss the role of governments in creating an environment for innovation at the November event. The premier will be interviewed by Christian Miele, a general partner at Headline—the firm at which Marin's husband Markus Räikkönen is currently employed.

In an email, the PM told news agency STT that she intends to focus on European strategic autonomy from a technological perspective in her speech.

"I haven't considered it problematic to participate in the discussion, because the themes in it are general and the same ones that I have talked about on numerous other occasions. We are still evaluating participation from a conflict of interest point of view and will discuss the matter with the Chancellor of Justice," Marin wrote in her email.

The PM did not answer how she wound up participating in the event or whether she sees a conflict of interest in offering visibility to her spouse's workplace. Marin said that she discussed participation with her husband and that she has previously met Miele.

In January 2017, many media outlets reported that the state had promoted the Oulu-based Chempolis biotech firm, through investment by majority state-owned energy company Fortum. At the time, then-Prime Minister Juha Sipilä's (Centre) children owned shares in the company.

Marin, still an MP at the time, took to Twitter to react to the situation.

"Every day it seems more and more that Sipilä is not in politics to promote the interests of our country, but those of his inner circle," Marin tweeted in 2017.

Threat maker "harmless"

In an update on Thursday's violent threat made against the Eastern Uusimaa District Court, Iltalehti (siirryt toiseen palveluun) reported that police detained the individual behind the threat.

"The person has been spoken to and found to be harmless. The individual that made the threat has no connections to gang activity," the Eastern Uusimaa police confirmed in a tweet.

According to police, the threat was received by the court in an email on Wednesday night, and concerned the trial of rapper Milan Jaff, who was sentenced in the spring to 10 years in prison for several violent crimes and now faces further charges.

The proceedings of the criminal case will continue in court on Friday and next week.

Police have made a threat assessment related to the proceedings and special security arrangements will continue in place.

According to Timo Heikkinen from the district court's office, threats to the court are exceptional, though there was such an incident in December of 2021.

"These don't happen every year," Heikkinen confirmed.

Dip in demand

Oulu-based media outlet Kaleva (siirryt toiseen palveluun)reported that consumers are using far less electricity compared to a year ago.

In August, the availability of gas in Europe weakened significantly due to Russia's invasion of Ukraine, forcing the price of electricity to skyrocket.

Now, electricity use has decreased by almost 14 percent since last year.

"The decrease is so large that it cannot be explained simply by temperatures or economic cycles," Finnish Energy (ET) CEO Jukka Leskelä told Kaleva.

In September, electricity consumption in Finland was the same as it was in June, when electricity consumption typically drops as it is bright and warm.

"Electricity users have done a lot to reduce electricity use and ease the increase in their electricity bills," Leskelä added.

In addition, the net import of electricity fell by 70 percent since last September.

The drop in imported electricity has been possible because domestic demand has decreased, while at the same time there is more domestic production. More wind power is constantly being produced and the nuclear reactor Olkiluoto 3 is set to start regular electricity production in December.

[indiaenergystoragealliance]

IESA Industry Excellence Awards

Powered by CES, IESA Industry Excellence Awards was started in 2017, an initiative to recognize the perseverance, innovation, and achievements of organizations involved in the energy storage landscape in India. These awards celebrate the value these organizations have created for the end consumers in the country.

In 2020, IESA Industry Excellence Awards expanded the market segments and award categories to include EV charging infrastructure, Microgrids, along Energy storage and Electric vehicles markets. 

With this, IESA aims to acknowledge all the companies & industry stalwarts, those who have made their mark in the industry during the past year through technology innovation, market leadership, competitive strategy, etc.

The 5th IESA Industry Excellence Awards was held on 3rd May '22 at Pragati Maidan New Delhi to recognize the best of companies, leaders, and path-breaking projects in the field of energy storage, electric vehicles, and microgrids. 

Presented awards across 20+ categories spanning technology innovations, startups, and projects, to outstanding CXOs, researchers, policy pioneers, and drivers of progressive union and state policies. 

The awards gala witnessed prominent faces from the clean energy and green tech ecosystem bringing together ministers, public sector officials, and private industry executives to recognize their efforts in helping build a greener world order.

Based on the themes defined, IESA Industry Excellence Awards honored pathbreaking products, services, and solution providers at the event. The winners were felicitated in the presence of Shri. Ghanshyam Prasad, Joint Secretary, Ministry of Power, Govt. of India, Prof. Ashok Jhunjhunwala, Institute Professor, IIT Madras, Dr. Rahul Walawalkar, President, IESA, MD, CES (India), and Debi Prasad Dash, Executive Director, IESA. 

The following are the different awards categories presented at the IESA Industry Excellence Awards 2022:

Energy Storage Project of the Year Award- Ampere hour & BSES Rajdhani Power Limited

EV Infrastructure Project of the Year Award- Fortum Charge & Drive India & BSES Yamuna Power Limited

Technology Innovation of the year for Energy Storage (Industry)- Log 9 Materials

Technology innovation of the year (PSU)- Energy Storage- Hindustan Petroleum Corporation Ltd

Emerging Company of the Year- Energy Storage Supply Chain- Epsilon Advanced Materials

Startup Company of the Year- E-mobility Services- BluSmart

Startup company of the Year – EV- Log 9 Materials

Startup Company of the Year- Energy Storage- Ampere hour

EV Infrastructure Company of the Year- Tata Power

EV Components Company of the Year- Tata AutoComp

Company of the Year – EV Infrastructure OEM- Exicom Tele-Systems

Company of the Year in Safety Awareness- Energy Storage- Underwriters Laboratories (UL)

Energy Storage Company of the Year- Exicom Tele-Systems

EV Product of the year-Electric Two-Wheeler- 450X from Ather Energy

EV Product of the year- Electric Four-Wheeler- Nexon EV from Tata Motors

CXO Of the Year- Energy Storage- Vijayanand Samudrala , President – New Energy at Amara Raja Batteries

Emerging CXO Of The year- Energy Storage- Stefan Louis,CEO, Nexcharge

Lifetime Achievement Award- Energy Storage and EV- Prof. Ashok Jhunjhunwala. Indian Institute of Technology, Madras

Researcher of the Year (Industry) - Energy Storage- Dr. Venketeshwarlu Manne from Amara Raja Batteries

Researcher of the Year (PSU)- Energy Storage- Dr. Milind Kulkarni of the Centre for Materials for Electronics Technology

Policy Pioneer of the Year- Energy Storage- Ghanshyam Prasad, Joint Secretary, MoP

Best EV State Award- Karnataka and Tamil Nadu

Best State in EV Adoption- Delhi

Best State in E-bus Adoption- Maharashtra

Best State for Manufacturing: EV and Energy Storage- Tamil Nadu and Gujarat

IESA Policy Catalyst Award for EV and Energy Storage- Niti Aayog and DHI

IESA Earth Day Hero Award- Sainath Manikandan & Sai SahanaManikandan; Sawan Kanojia; Team Sustainosphere and There Is No Earth B

The winners were selected by a team of external juries based on competitive scoring and evaluation framework developed by the jury panel and senior advisors to IESA which comprise global Industry veterans and policymakers.

For the Industry Excellence Awards, the criteria for selection of winners across categories was based on acknowledging the work of organizations, projects, and people who not only help in promoting green energy solutions and technology for a decarbonized future but also create safety and value for the end consumer.

Become a member of the leading alliance in India focused on advanced energy storage, green hydrogen, and e-mobility.  Join IESA and become a member today.

[awesome-casuallyfamouscollector]

Test of Kempower chargers in Espa

Bjørn Nyland

[secretbreadland]

   To Drive Mass Adoption of EVs, Visible Charging Infrastructure Needs to be Set up First, says Awadhesh Jha of Fortum

Access to space for charging is critical, says Awadhesh

Awadhesh pointed out that there is currently no impact on the grid as a whole, however the problem might arise in local distribution

When Edison discovered the bulb, people rubbished it saying it had no future. They could not imagine that electricity would get generated at some far off place, transmitted and made to reach every home to light that bulb. Edison promised he will make it happen. He created Edison Electric company (now GE), laid out the infrastructure and the rest, as they say, is history. Similar thing is going to happen in e-mobility, claim industry leaders. Today, EV stakeholders are laying out the Infrastructure for India’s e-mobility future, which they can imagine and spot.However, in order to accelerate EV uptake, India will have to contend with two main challenges: deployment of adequate charging infrastructure, and integration of EVs into the power system securely and efficiently.

[ken-research-market-research]

Efficient Global Electric Vehicle Charging Outlet Market Outlook: Ken Research Buy Now An electric vehicle charging station (EVSE) is a component in an infrastructure that promotes the electric energy for revitalizing of plug-in electric vehicle involving neighborhood electric vehicles, electric cars and plug-in hybrids.

[speedygal]

India has cancelled plans to build nearly 14 gigawatts of coal-fired power stations – about the same as the total amount in the UK – with the price for solar electricity “free falling” to levels once considered impossible.

Analyst Tim Buckley said the shift away from the dirtiest fossil fuel and towards solar in India would have “profound” implications on global energy markets.

According to his article on the Institute for Energy Economics and Financial Analysis’s website, 13.7GW of planned coal power projects have been cancelled so far this month – in a stark indication of the pace of change.

In January last year, Finnish company Fortum agreed to generate electricity in Rajasthan with a record low tariff, or guaranteed price, of 4.34 rupees per kilowatt-hour (about 5p).

Mr Buckley, director of energy finance studies at the IEEFA, said that at the time analysts said this price was so low would never be repeated.

But, 16 months later, an auction for a 500-megawatt solar facility resulted in a tariff of just 2.44 rupees – compared to the wholesale price charged by a major coal-power utility of 3.2 rupees (about 31 per cent higher).

“For the first time solar is cheaper than coal in India and the implications this has for transforming global energy markets is profound,” Mr Buckley said.

[rahulpande15]

Transportation Battery Recycling Market Analysis & Forecast to 2030

Transportation Battery Recycling Market Top Companies

The key players profiled in transportation battery recycling market report include Call2Recycle, Inc., Battery Solutions, LLC, Exide Technologies, Umicore, Contemporary Amperex Technology Co., Limited, ENERSYS, GEM Co., Ltd., Johnson Controls, Fortum, and Aqua Metals, Inc.

According to a new report published by Allied Market Research, the transportation battery recycling market size was valued at $4.75 billion in 2021, and is estimated to reach $9.95 billion by 2030, growing at a CAGR of 8.2% from 2022 to 2030.

Europe market registered the highest market share in 2021 and is projected to maintain its dominant position during the forecast period.

The Asia-Pacific region is anticipated to be the fastest growing market during the forecast period.

Get Report Sample PDF @ https://www.alliedmarketresearch.com/request-sample/17821

Based on type, the lithium-based battery sub-segment emerged as the global dominating leader in 2021 and the lead-acid battery sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.

Based on sources, the industrial batteries sub-segment emerged as the global dominating leader in 2021 and the automotive batteries sub-segment is predicted to show the fastest growth in the upcoming years, which in turn is projected to propell the transportation battery recycling market growth.

Developments such as manufacturing on a large scale, lower component prices, and adoption of technologies to boost battery capacity are factors leading to a decline in prices of lithium-ion batteries.

For instance, in the U.S., Battery Resources is planning to open a 154,000-square-foot recycling facility in August 2022, which is expected to be among the largest in North America region.

Large lithium-based batteries, like those used in automotive applications, may be mislabeled as lead-acid batteries by regional battery manufacturers. Due to these problems, state or federal governments restrict transportation and storage of used batteries.

However, some of the disadvantages of these batteries are they contain heavy metals such as mercury and lead which are among the dangerous substances. These batteries retain some of their charge, which raises possibility of an accidental discharge that might endanger or harm persons as well as nearby property.

Impact Of Covid-19

Due to quick spread of COVID-19, the establishment of new transportation battery recycling projects was hampered due to the global economic recession.

The COVID-19 pandemic has had a severe effect on a number of businesses, including the automotive industry. The pandemic has caused a sharp decrease in automotive sales. The need for recycling transportation batteries decreased significantly due to widespread usage of automotive batteries in the automotive industry.

Browse Complete Report @ https://www.alliedmarketresearch.com/transportation-battery-recycling-market-A17401

Over the past ten years, the market for Electric Vehicles (EVs) increased dramatically, partly due to aggressive sales’ goals set globally. Lithium-ion batteries must be carefully discarded at end-of-life to maximize reuse and recycling, which necessitates an effective and secure system for its collection and transportation.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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[marketresearchindia]

India Ev Charging Equipment Market Growth Is Fostered By Surge In Government Initiatives: Ken Research

Buy Now

Electric vehicle charging systems are utilized to link the plug-in electric vehicle and electric vehicle to an electricity outlet to charge the battery of the vehicle. In addition, several automobile giants and electric component companies are functioning toward the development of improved electric vehicle charging system to meet the augment in requirement for electric vehicles. 

According to the report analysis, ‘India EV Charging Equipment Market Outlook to FY'2026 – Driven by Increasing Adoption of Electric Vehicles along with Implementation of FAME II Policy by Government’ states that India, the world's 6th greatest economy by nominal GDP and the 3rd greatest by PPP, is characterized as a middle-income underdeveloped market economy. 2- and 3- Wheelers that register for close to 50% share register the Indian urban mobility modal share. EVs are slowly obtaining traction with less than 2% of vehicles positioned as EVs in India. The charging infrastructure in India is presently quite under-developed with as several as 26 EVs per charger available in the country, associated to only 8 in China and 17 in the US. There are ~300 community charging stations across India, of which 22 were fast-charging points in 202. However, India EV Charging Equipment Market attained significant momentum after the implementation of the FAME India scheme. The Department of Heavy Industry (DHI) also scheduled to incentivize 1,000+ charging stations with 6,000+ chargers, which is the foremost growth driver for the market. Shortage of Space, Infrastructure, and Manpower for Setting-Up along with High Initial Cost of Charging Equipment and Installation are the foremost challenges in India EV Charging Equipment Market.

The market is extremely fragmented with the existence of foremost private and public entities setting up charging infrastructure in several potential locations around India. Different types of EV Chargers are obtainable in the Indian Market entailing of Type 1, Type 2, AC and DC, unidirectional and bidirectional charging catering to e4W, e3W as well as e2W. While EESL stands out in the race, due to its bagging of all the foremost contracts under FAME I scheme and being a public entity, other companies such as ABB, Fortum, Aeidth, EESL, Ather Energy, Volttic, Charge+Zone are also the foremost players in the market. To be price competitive and decrease the risk that comes from the mere sale of energy, CPOs may require to explore partnerships and adjacent offerings.

Request For Sample Report-http://kenresearch.com/sample-report.php?Frmdetails=NTA0Mzg2

India EV Charging Equipment Market is projected to create the substantial revenues owing to augment in market penetration of EVs and increment in government initiatives for advancement of EV charging infrastructure. With the accurate government policies, a local supply chain, lower battery prices and extensive charging infrastructure, the EV market could contribute $6.4 Bn during next 5 years. eRickshaws, eAutos, and e2Ws are the most auspicious segments for electrification in India and are predicted to account for more than 4 million units by 2025. Further, restricted number of EV charging stations, shortage of standardization of EV charging, increment in demand for luxury and feature allowed vehicles, and wireless charging for EVs to have strong impact on the market.

For More Information, refer to below link:-

India Ev Charging Equipment Market Research Report

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[freemindtech]

MG Motor India inaugurates residential community EV charger in Gurugram, Auto News, ET Auto

MG Motor India inaugurates residential community EV charger in Gurugram, Auto News, ET Auto

MG had earlier partnered with Fortum and Tata Power to introduce superfast charging stations. New Delhi: MG Motor India on Thursday said it has inaugurated the first residential community charger in Gurugram with 7.4 kW AC chargers installed at The WorldSpa condominiums. The carmaker has collaborated with Electreefi and the condominium’s Residents’ Welfare Association (RWA) “to offer charger…

[seanews11]

Log 9 Materials partners with Fortum

Log 9 Materials partners with Fortum

Bengaluru-based advanced battery technology startup Log 9 Materials has developed Log 9 InstaCharge capabilities in their proprietary “RapidX” battery-packs for electric 2W and 3W and through this association with leading charging infrastructure & service provider, Fortum Charge & Drive India, an ecosystem is being made available to 3W and 2W customers/fleets to charge their vehicles within 15-30…

[sycriptouk]

Due Diligence Nokia (NOK)

I originally had a lot of links in this, but it led to the post getting auto-removed. Let me know if you would like any sources.

History of Nokia

If you've seen any of the recent Nokia posts over the last few months, a common comment you will see is: "Nokia?!? That stock has been trading sideways for years!"

While yes that is true, it is important to understand why. Let's take a look.

2000-2013

Nokia dominated the mobile phone market during this time due to a quality handset. NOK traded in the $50s during the Dotcom bubble and in $30s before the housing crash. However, they never recovered after 2008 due to struggling to keep up in software as the mobile phone market started to shift to smart phones.

2013-2019

When Nokia realized that trying to stay in the phone space was a losing battle they sold their phone division to Microsoft in 2013. For the next 3 years, Nokia was a large company in disarray.

This did not get much better in 2016 when they acquired Alcatel-Lucent and decided to focus on networks. The merger did not go as smoothly as planned and over the next 5 years Nokia started "trading sideways" due to a bearish sentiment.

Some investors stuck around through all of this due to a dividend being paid out, but that was suspended in 2019 so Nokia could focus on developing its 5G mobile networks. This dropped the share price down to $3.50.

2020-Present

In March 2020, sentiment started to change somewhat bullish as they announced Pekka Lundmark would be taking over as CEO. Pekka worked for Nokia for a decade in the 90s and most notably served as Fortum's, a Finnish state-owned energy company, CEO from 2015 to 2020.

The bullish sentiment was shorted lived due to the pandemic crash dropping the share price to $2.42. It started to pick back up over the summer when it was announced that Pekka would take over a month earlier than planned.

This was followed by rumors that there was a chance Nokia could win Verizon's $6 billion 5G deal. Hype around this brought Nokia's price above $5 for the first time since they suspended their dividend in October 2019. But in September, it was announced that Samsung won the Verizon deal and NOK fell down to $3.78. It fell even further to $3.37 in October when the rest of the market saw a down swing.

Then it climbed back up to the low $4s, had a crazy January hitting $9.79 for about 10 seconds during to the meme stock frenzy, and has since returned to the high $3s low $4s after the Q4 earnings call.

Pekka's Tenure

Pekka has been in charge for 11 months during a global pandemic, but he has been able to make some progress it appears. Much of this information can be found in the Nokia 2020 Annual Report.

He trimmed their employee size by 11,000.

He improved their free cash flow to $2.6 billion.

Even with the decrease in revenue he nearly doubled their operating profit (page 82).

He drastically reduced their net deferred tax balance (page 175).

He created four distinct business groups with plans for these groups to be shared in more detail during during Capital Markets Day on 3/18.

He replaced Nokia's CFO, CTO, and CMO (CFO happened before he took over)

It appears he issued new shares to leadership.

Pekka has a stake in the company (page 67 of annual report) with a long term goal to "Focus on increase in share price and restoration of the dividend".

" In addition, Mr. Lundmark received an award of EUR 1.3 million of restricted shares on joining to buy out the awards he forfeited on leaving his previous employer. Mr. Lundmark was invited to join the co-investment based long-term incentive arrangement (eLTI) targeted to engage senior leaders with the long-term nature of our business and share price, and purchased EUR 2.6 million of Nokia shares against which he was given a matching award of EUR 5.2 million of Nokia 2020 performance shares. This investment by Mr. Lundmark aligns him with shareholders from the start and is a sign of his commitment and engagement with the company. Delivery of actual Nokia shares would take place in 2023 subject to performance conditions"

Bullish

Here is a list of 28 deals and partnerships Nokia has established since December 2020. Some of these deals are not massive, but they span across 6 continents.

Largescale Network

5 year Multi Billion Dollar T Mobile Deal

7 year Belgium deal

Deutsche Telekom in Germany

France's Mainland 5G Network

5G Network in Austria

Telecom Italia

Cibicom ISP in Denmark

Polkomtel Phone Provider in Poland

Telenor Group in Thailand

Ooredoo in Algeria

5G Network in Philippines

Tele2 in Sweden, Latvia, Lithuania, and Estonia

Ecuador

Vodafone in Australia

Saudi Arabia

Singapore

Private 5G Deals

San Diego Gas & Electric Private Network

Port of Seattle

Japanese Companies Conexio, Hitachi Kokusai, Nippon Steel, Omron and Sharp

WEG Motor Manufacturer in Brazil

Elisa in Finland

Optus Stadium in Australia

Partnerships

Google Cloud

EU's Hexa-X 6G Project

Brazil's Telecommunications R&D Center

AT&T tests to deploy virtualized and open RAN

Patents deal with Samsung

LG Uplus trial in South Korea *Bell Labs

5G is the Future

The confusing nature of 5G could be holding back the market's valuation of Nokia.

Nokia is currently trading at a market cap of $22-23 billion even with a 2020 revenue of $24 billion.

A letter that Pekka recently published gives a decent explanation of what 5G is.

In it, he admits "[5G] is exciting, but it can seem a bit abstract." But then goes on to describe some real world examples that really helps explain it.

"Our partners saw unanticipated breakdowns and production line defects drop by 30% after installing smart video sensors in our manufacturing deployments. In the logistics sector, deploying augmented reality devices cut machine monitoring costs by half. In ports, remote-controlled cranes doubled productivity and eliminated staff injuries: an incredible 100% drop."

This seems to suggest that there may be more uses for 5G worldwide than cellular networks.

Nokia released a study stating that 5G could have an $8 trillion impact on global GDP by 2030.

Nokia and Ericcson may have a duopoly on 5G with Huawei and ZTE being banned in many countries. This trend may continue.

Some analysts have predicted massive (>1,000%) growth in the 5G market over the next 5 years.

Upcoming Events/Rumors

Capital Markets Day (3/18/21)

This is when we will get some true guidance on the future of the company. Not only will they lay out the strategic business plans for their 4 business segments as I mentioned above, but it should be when they make announcements toward potential a Dividend Reinstatement, Share Buyback, and future R&D decisions.

Annual General Meeting (4/8/21)

Not sure what they plan to cover during this, but I would assume it will act as a follow up to Capital Markets Day

Dividend Reinstatement

Most signs point to Nokia investing in R&D for a while, but based on Pekka's compensation package it should be back by 2023 at the latest.

Share Buyback

Nokia did buy back 1.25 billion shares in 2015-16 and 1 billion shares in 2016-17. So the rumors they plan to do this again could be true. They can purchase up to a total of 550 million shares both this year and next year. 550 million because it correlates to 10% of the companies total outstanding shares.

Bearish (Risks/Cons)

The meme stock frenzy has a long-lasting impact on the opinion of this stock.

The dividend is not reinstated for another 3+ years.

Pekka does not have what it takes. Nokia is a sinking ship and cannot be turned around.

FCF is used solely for R&D and no shares are bought back over the next three years. The float does turn out to be too big to move significantly.

Nokia may not be undervalued and their revenue streams may continue to decline due to network share loses and pricing erosion.

Pekka has been very serious over the last two earning calls and things are going to get much worse/challenging before they get better.

With a new US administration in place, the trend of banning Huawei and ZTE that they started is lifted. These two competitors then undercut Nokia pricing.

5G is no where near as big of an industry as the experts predict. Covid continues to slow the rollout of 5G well past 2030.

5G is too confusing and never gets the buy in from today's investors.

Cowan Upgrades

Cowen Upgrades $NOK Citing Execution From New Ceo

Cowen adds its praise for quarterly results, upgrading the stock to Outperform.

From here, the demand environment looks to be "very favorable," the firm says.

"What has changed is NOK's improving execution; we think upward trajectory is now clear and we expect meaningful incremental improvement from here, which while helping drive incremental revenue growth should especially help margin structure, and thereby EPS and cash flow," analyst Paul Silverstein says.

Meanwhile, Silverstein says CEO Pekka Lundmark is following the playbook of Borje Ekholm's dramatic turn-around of Ericsson (NASDAQ:ERIC); he's only one year in at Nokia and "we think it is a safe assessment that further meaningful progress and attending upside lies ahead."

Cowen has raised its target on Nokia to $8 from $5, now implying 31.6% upside.

Calls are also DIRT cheap, I think there is incredible growth over the long run AND the short term.

I have 25 sept. 3 calls, 50 sept. 10 calls, 400 shares.

submitted by /u/yiggyyaya [link] [comments] from wallstreetbets https://www.reddit.com/r/wallstreetbets/comments/p3qlto/due_diligence_nokia_nok/ via IFTTT

[indiaenergystoragealliance]

MG Motor, Fortum India to set-up 50kw fast charger for EVs in Pune.

MG Motor India Ltd, which entered the Indian market recently, has announced the setting up of a 50-kilowatt fast charger for electric vehicles (EVs) in Pune.   The charger was set up as part of the company’s collaboration with Fortum Charge and Drive India to set up E charging stations across the country. The fast charger can be used with an electric vehicle compatible with CCS2 fast-charging standards.   

The company also said that the MG ZS electric vehicle can be charged to 80% capacity over a period of 50 minutes at the Fortum superfast charging stations. Other charging options with the ZS EV include a free-of-cost AC fast-charger (installed at the customer’s home/office), a plug-and-charge cable onboard, and charge-on-the-go with RSA (roadside assistance). Additionally, it has extended the charging network in select satellite cities.  

 “Our collaboration with Fortum reiterates our commitment towards enabling the infrastructure for environment-friendly mobility solutions in the country. The ZS electric vehicle's availability in more cities in a phased manner is a step closer to achieving sustainability goals. After launching the ZS EV in 6 more cities in 2021, the MG ZS electric vehicle is now available across 37 Indian cities," said Gaurav Gupta, chief commercial officer, MG Motor India.  

 MG Motor India and Fortum, which is one of the leading EV charging service providers in the global market, had announced their partnership in 2019. Since then, the carmaker and Fortum have built a network of 11 DC chargers across Delhi-NCR, Mumbai, Pune, Hyderabad, Bengaluru, and Ahmedabad, the company said in a statement. 

“We are happy to extend our partnership with one of the leading automotive companies to further bolster the super-fast charging network in the country. With this charger on Fortum Charge and Drive network, an EV user can travel between Mumbai and Pune without any range anxiety as both the cities have Fortum chargers," Awadhesh Kumar Jha, vice president, Fortum Charge and Drive India.   Installation of fast chargers is necessary for increased adoption of electric vehicles since they can curb the range anxiety among prospective customers. Readmore at : https://indiaesa.info/buzz/news/industry-news/3852-mg-motor-fortum-india-to-set-up-50kw-fast-charger-for-evs-in-pune @ IESA