IEA Shows That Solar and Battery Manufacturing Capacity Is Now on Track to Meet the 2030 Targets

International Energy Agency review of existing and announced global manufacturing capacity shows that solar and battery manufacturing capacity now on track to meet the 2030 targets established in the IEAs net zero by 2050 scenario. 

1.) In a separate announcement, the IEA notes that 2023 cleantech investments will total $1.7 trillion, while about 1.0 trillion will be dedicated to coal, gas, and oil. Solar investments will outpace oil, at $382 bn to $371 bn. 

2.) Exxon Mobil to invest over $100 million in lithium drilling rights on 120,000 acres in Arkansas.

3.) Hyundai and LG Energy Solutions commit to a $4.3 billion, 30 GWh battery facility in GA.

4.) Storage developer Powin selects Florida-based Jabil to manufacture its battery storage product, w/initial annual capacity of 2 GWh by year’s end ramping to 4 GWh.

5.) Battery tech company Sakuu ready to license its high-energy, high-power density, solid-state cell chemistry for manufacturing. The cells can be 3-D printed.

6.) Ford’s EV drivers will be able to access 12,000 Tesla superchargers in the U.S. and Canada next spring.

7.) EV manufacturer and charging company NIO now has 1,400 battery swap stations. Drivers have already swapped batteries over 22 million times, with about 50,000 transactions daily.

8.) Modular nuclear reactor developer Oklo plans to build its second and third commercial 15-MW reactors in southern Ohio, as early as 2028. 

9.) JP Morgan Chase signs agreements with carbon capture start-ups worth $200 million to capture and store 800,000 metric tons of CO2. Investment is meant to stimulate industry growth.