Dr. Andy Leach

Battery (energy storage) analyst at @BloombergNEF. Londoner. Tweets about battery chemistries, manufacturing and charging. Opinions are my own

[Corey Cantor🌙 @CoreyBCantor]

If you're interested in hearing some great #battchat join myself and @AndyLeachBatt on a webinar today at 11 AM EST for @zeta_2030 around the topic of EV battery recycling.

Register to join us here: https://t.co/5uLgMCCECD

[Dr. Andy Leach @AndyLeachBatt]

Introducing #AI-Powered News Summaries on @TheTerminal.

The solution uses generative AI to provide easy-to-digest summaries — helping users to get actionable insights even faster. ⚡

Learn more: https://t.co/nCXQw0f32b

#BloombergNews #GenAI

[Felix Hamer • electricfelix @electricfelix]

.@AndyLeachBatt: ✍️&📊
"Last week the European Union has upped the pot of money available through its Innovation Fund, with an additional €3.4 billion ($3.6 billion) aimed at reducing Europe’s reliance on imported net-zero technologies.

These subsidies will be a welcome relief for a struggling European industry, but the sum is likely too small to convince incumbent Chinese manufactures that sharing their technological advantages is worth their while.

The new funding will be awarded to decarbonization, manufacturing and hydrogen projects. But even if the whole amount went to battery manufacturing, it would only be enough to fund 45 gigawatt-hours of capacity, or 3% of announced 2030 capacity in Europe, according to BloombergNEF analysis."

[Dr. Andy Leach @AndyLeachBatt]

Northvolt have been on a bumpy road, with a $300 million bailout in its sights... what's next?

“While this is a significant amount of funding, Northvolt will need to spend it wisely and rebuild the confidence of customers...”

https://t.co/tUln07a7oo

[Dr. Andy Leach @AndyLeachBatt]

This morning I was back on Bloomberg TV!
☀️💨 Discussing growing demand for ESS batteries in Europe
🔋 Supply and demand balance of storage batteries
📉 Low prices for batteries in China
🇪🇺 Impacts of the low prices in Europe
#BNEF
#Bloomberg
#Batteries
https://t.co/zKuLuaDvYC

[Felix Hamer • electricfelix @electricfelix]

Battery Margins Are Being Squeezed
by @colinmckerrache ✍️

"Prices for batteries in China are plummeting, and the implications are just starting to ripple outward for the global automotive market.

Over the last year, the price for lithium iron phosphate, or LFP, battery cells in China has dropped 51% to an average of $53 per kilowatt-hour. The average global price of these batteries last year was $95/kWh.

There are several factors driving prices lower. The first is raw-material prices, which have fallen sharply over the last 18 months. The cathode is where most of the raw-material costs in a battery come from, and the cathode share of total cost for an LFP cell in China has fallen from 50% at the beginning of 2023 to less than 30% this year."

[Bloomberg @business]

We no longer need to model for when cell prices drop far enough to decarbonize road transport. That day is here https://t.co/WyOLBijfGC

[Dr. Andy Leach @AndyLeachBatt]

@DanRamsFan @BloombergNEF When we look at the overcapacity and oversupply, we consider scooters, motorbikes, grid batteries, and residential storage etc. It's super interesting to then think of new sectors in which these low prices will enable electrification!

[Dr. Andy Leach @AndyLeachBatt]

My colleagues at @BloombergNEF and I recently published a note on the very low battery prices currently in China.

We looked into overcapacity, over supply, less explosive EV demand and low battery raw material prices.

Subscribers can see the report here https://t.co/3l8QTzKiqm

[Dr. Andy Leach @AndyLeachBatt]

@SolarInMASS The data is sourced from ICC Battery who track the spot prices for batteries in China. This data is for LFP prismatic EV cells.

[Colin Mckerracher @colinmckerrache]

5. Lithium-iron-phosphate is taking over the battery market. It is set to cross 50% of the passenger EV market in the next 2 years, dramatically reducing the need for nickel, manganese and cobalt in the years ahead.

[Colin Mckerracher @colinmckerrache]

Our team at @BloombergNEF published our 10th annual Electric Vehicle Outlook today!
A quick thread on some key findings:

[Corey Cantor🌙 @CoreyBCantor]

My colleague @AndyLeachBatt shared this announcement from CATL this morning and it’s almost jaw dropping: 10 minutes to charge up 600 km (372 miles) of range. Not sure it’s in models yet; but wow. https://t.co/4cQtlCsc6w

[Northvolt @northvolt]

Northvolt is proud to add sodium-ion to its cell portfolio, enabling the expansion of cost-efficient and sustainable energy storage systems worldwide.
https://t.co/NKIYd6OWr7

[CATL @catl_official]

Our latest innovation Shenxing will power Exlantix models of Exeed, the premium brand from @CheryAutoCo. It takes only two months for CATL to unveil the mass-produced models with Shenxing inside following the release of the battery! Let’s start the era of superfast charging.

[Dr. Andy Leach @AndyLeachBatt]

Lithium is integral to the majority of electric vehicle battery chemistries, making it one of the world’s most sought-after metals.
Ellie and I recently joined Dana on @BloombergNEF's Switched On podcast.
Listen here:
https://t.co/ySNLA0Oq9A
#batteries #lithium #battchat

[Dr. Andy Leach @AndyLeachBatt]

@O2ForumKTown @halfmoonrun Do you have the set times?

[Dr. Andy Leach @AndyLeachBatt]

Really enjoyed the @BloombergNEF summit in Munich. Had a great conversation with Hege Marie from @FREYRBattery, Vincent from OneD Battery Sciences, Geoffery from @Pylontech1 and Lisset from @SVOLT_Europe about the battery manufacturing landscape in Europe

#batteries #battchat

[T1 Energy @T1Energy]

Study by @MinviroLtd confirms Giga Arctic's potential in environmental impact – our batteries could help mitigate 801M tons of CO2 emissions over their lifetime when used in ESS🔋⚡️

Read more and see full report:
https://t.co/p5DwRFWzeV

#Sustainability #ClimateChange $FREY