Category Archives: Energy

Quality Over Quantity: The Complex Case Behind Present and Future Li-Ion Battery Manufacturing

Driven by global EV adoption, Li-ion battery manufacturing is expected to expand significantly in the next three years. A Lux analysis of the larger Li-ion battery manufacturers’ capacity and expansion plans found that current Li-ion manufacturing capacity may triple by 2020, from 73 GWh to 238 GWh globally. Major growth is planned in China by BYD and notably CATL; however, it’s worth taking these projections with more than a grain of salt, as the markets of Li-ion batteries are changing significantly.

Continue reading

The Five Start-Ups and Mid-Size Companies of 2016 Driving Evolution of Photovoltaics

The maturation and scale of the silicon photovoltaic industry have resulted in a decline in attention from corporate and venture funding for solar-related start-ups. Mercom Capital reports a tepid $1.7 billion in corporate funding, a year-on-year drop of 71%, and $174 million in venture funding – a quarter-on-quarter drop of 57%. The drying up of available funding has led to a fairly sparse landscape of solar start-ups with a handful of remaining companies developing innovative technologies in each area of the solar taxonomy. While the quantity of start-ups has decreased as low-cost crystalline silicon panels pour out of China, the potential impact of those that remain could still prove to be as dramatic a disruptor to the solar industry as solar is to the broader power industry. In this light, Lux Research has determined five solar start-ups we spoke with this year that have achieved the most progress: Continue reading

Fulcrum Puts All the Pieces Together in Preparation for 2018 and Beyond

Last week, BP announced its $30 million investment in Fulcrum BioEnergy. In addition to an equity stake in the company, BP secured an offtake agreement of 500 million gallons over 10 years, and Air BP will become a distributor and supplier of Fulcrum’s biojet fuel in North America. This is just one of numerous announcements from Fulcrum, as its momentum has remained strong and kept it in the headlines over the past 18 months (client registration required for both). Fulcrum has put in place all the strategic pieces along its entire value chain, securing a strong foundation as it competes with many of its peers vying for position in the biojet fuel market. Below, we visualize Fulcrum’s strategic partnerships as it prepares its 10 million gallons per year (MGY) Sierra Biofuels Facility planned for operation in 2018.

ls_energy_12_4_16 Continue reading

Execution Is Key as ExxonMobil’s Academic R&D Partnerships Present Numerous Opportunities in Scaling Emerging Technologies Outside of Its Core Competencies

In an era of cheap oil and falling profits, the oil and gas industry must prepare itself for the future. The energy landscape is quickly evolving with the emergence of potentially disruptive technologies and regulatory pressure to reduce carbon emissions. One strategy the oil and gas industry has taken in developing novel technologies is through corporate venture capital (CVC). Earlier this year, we analyzed CVC portfolios in the oil and gas industry and found that ExxonMobil is absent with no public indications it will start in the foreseeable future. Continue reading

When Will Cars Powered by Internal Combustion Engines Become Illegal to Sell?

As interest in electric vehicles (EVs) continues to rise, stakeholders still frame these cars’ emergence in terms of consumer choice, taking into account factors like purchase price, driving range, infrastructure availability, and other near-term issues. Essentially, the debate has centered around whether EVs are compelling enough for car buyers to choose them over their internal combustion engine (ICE) competition. However, that narrowly-scoped, short-sighted debate is subtly changing, as two very long-term and disruptive trends begin to emerge. First is the possibility that governments will one day make the ICE illegal. Second, there is the likelihood that one day the ICE will be priced out of the market. Continue reading

Case Study: North American Consortium Aims to Prove How Distributed Energy Can Be Valuable for Utilities in Three New Demonstrations

Key Players

Opus One Solutions (client registration required), a developer of distribution system optimization software for utilities, recently announced that it will lead a demonstration to apply its software to microgrid and distributed energy resource (DER) integration in North America. The demonstration includes three separate projects for three utilities – Nova Scotia Power, Emera Maine, and Toronto Hydro – each of which will use Opus One’s core technology. Three other consortium partners will also support the projects: distributed storage project developer Advanced Microgrid Solutions (client registration required), distributed energy resource management systems (DERMS) developer Smarter Grid Solutions (client registration required), and the Centre for Urban Energy (CUE) at Ryerson University. Key players and their roles are shown in the figure below.

ls_energy_10_23_16 Continue reading

Samsung Battery Fires Could Ignite Interest in Next-Generation Battery Technologies

Cellphones are always hot items entering the holiday season, even this early, but in this case Samsung’s recent Galaxy Note 7 got a little too hot – the company reported 92 cases of its customer’s phones catching fire or exploding. The phone, released on August 19, was recalled just two weeks later as the company advised its customers to shut down their phones, in addition to the Federal Aviation Administration banning use of the phones on airplanes. Samsung has since released statements that this issue only affects the Note 7, and no other devices. Continue reading

A Visual Analysis of the Complex Partnership Networks in Stationary Energy Storage

The stationary storage landscape is a complex and fragmented one, with battery manufacturers, power electronics providers, software developers, and system integrators all working together to complete projects. In this complex landscape, some partnerships have allowed battery manufacturers better access to the stationary market, while also giving system integrators a more reliable and affordable source of cells. Given this importance, we analyze partnerships in the stationary storage landscape and assess which technology providers have positioned themselves for success – and those that haven’t.

Continue reading

U.S. DOE Goes Two for Three at the Plate With MEGA-BIO Project Funding

In February, the U.S. Department of Energy (DOE) Bioenergy Technologies Office (BETO) announced up to $11.3 million in funding for biomass-to-hydrocarbon biofuels under the name MEGA-BIO: Bioproducts to Enable Biofuels (DE-FOA-0001433). As the name implies, the key focus of the grant is to identify technology pathways that either produce an intermediate product that can be converted to chemicals or fuels, or a pathway that produces both chemicals and fuels simultaneously. In result, the addition of value-added chemicals will aid in lowering the overall production cost of today’s hydrocarbon biofuels and potentially achieve cost parity in a time when oil has consistently hovered around $40 per barrel and as the U.S. DOE strives to achieve $3 per gallon of gasoline equivalent (GGE) production costs for advanced biofuels by 2022. Continue reading

How Policy in Emerging Markets Will Shape the Next Wave of Solar Deployment

Solar has emerged as the power source that will probably have the biggest long-term impact on the world going forward: Photovoltaic technology will eventually do the most to shift the world away from fossil fuels and towards renewables, with wind power also playing a contributing role. However, after initially growing in some early-adopter countries like Germany, Italy, and the U.S., solar developers now need to push further, lest they be stuck in maturing markets with flat revenues. That means focusing on Latin America, the Middle East, Africa, and Southeast Asia. To fuel this expansion, policy is key: On average, solar technology is still not yet cost competitive with fossil fuels, particularly given that the price of gas has plunged over the past few years – and in emerging markets, consumers are even more cost-sensitive.

Energy_Graphic_8_28_16 Continue reading