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Hyundai to Leapfrog Tesla With World's Largest Battery
When it goes live in three months, Hyundai's 150-megawatt system will overtake Tesla's 100-megawatt facility in South Australia as the world's largest industrial energy storage system, Independent.ie reported. Sorry, Elon Musk.
It's an exciting—albeit geeky—race to help the planet wean off environmentally harmful fossil fuels. That's because if we want to accelerate the world's renewable energy transition, we'll have to modernize the energy grid and much of that depends on energy storage technology.
Tesla famously built its ginormous battery within 100 days after Australian billionaire Mike Cannon-Brookes dared Musk to help fix the South Australian's electricity woes. The system, which is connected to Neoen's Hornsdale wind farm, has exceeded expectations after switching on about a year ago. The lightning-fast system has saved about $40 million in grid stabilization costs, prevented blackouts and helped restore confidence in the state's energy resources, the Australian Financial Review noted.
Hyundai's $45 million battery is being built for the metal smelting company KoreaZinc, which intends to be energy self-sufficient and wants to reduce electricity costs, according to Climate Action. The company estimates it will save almost $60 million in electricity expenses over the next three years once the facility is built. KoreaZinc is also complying with the South Korean government's larger efforts to boost renewables and mitigate air pollution, the publication added.
These large-scale projects are enabled by less expensive battery prices, with prices dropping by almost half since 2014, according to Bloomberg.
Other entrepreneurs are joining in the big battery race, including billionaire Sanjeev Gupta's SIMEC ZEN Energy, which plans to build a 120-megawatt battery near Adelaide. Tesla is also vying to build another giant Powerpack system in Colorado for Xcel Energy Inc., an electric utility operating in eight Western and Midwestern states.
Bloomberg New Energy Finance (BNEF) estimated that developers announced 1,650 megawatts per hour of new lithium-ion battery projects in 2017, four times the amount for all of 2016.
"Musk has set a benchmark on how quickly you can install and commission a battery of this size," Ali Asghar, a BNEF senior associate, said in a Bloomberg interview.
Falling costs are "making them a compelling mainstream option for energy-storage applications in many areas around the world, and projects even bigger than Tesla's are now under construction."
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The Parties to CITES agreed to list giraffes on Appendix II of the Convention on International Trade in Endangered Species (CITES) today at the World Wildlife Conference or CoP18 in Geneva. Such protections will ensure that all giraffe parts trade were legally acquired and not sourced from the poached giraffes trade and will require countries to make non-detriment findings before allowing giraffe exports. The listing will also enable the collection of international trade data for giraffes that might justify greater protections at both CITES and other venues in the future.
The WHO stressed that more research is needed on the potential health risks of microplastic ingestion. luchschen / iStock / Getty Images Plus
The UN's health agency on Thursday said that microplastics contained in drinking water posed a "low" risk at their current levels.
However, the World Health Organization (WHO) — in its first report on the potential health risks of microplastic ingestion — also stressed more research was needed to reassure consumers.
'This is a Sick Statement': Brazil’s Bolsonaro, Under Pressure for Anti-Environmental Policies, Blames NGOs for Record Amazon Fires
'Work Together' or 'Destroy it': Goldman Prize Winner Francia Márquez on World's Second Deadliest Country For Environmental Activists
In April 2018, Afro-Colombian activist Francia Márquez won the prestigious Goldman Environmental Prize, thanks to her work to retake her community's ancestral territories from illegal gold mining. However, her international recognition comes at a very risky price.
By Stuart Braun
A year after activist Greta Thunberg first stood in the rain outside the Swedish parliament with her now iconic "Skolstrejk för klimatet" — school strike for the climate — placard, the movement she spawned has set the tone for environmental protest action around the world.
Toy maker Hasbro wants to play in the eco-packaging game. The board game giant will ditch its plastic packaging by 2022. The move means that games like Monopoly, Scrabble and Operation will no longer have shrink wrap, window sheets, plastic bags or elastic bands, as the Associated Press reported.