Securing key minerals that help with the battery power in electric vehicles, as well as overall strength in the battery market, were key points of interest as one of the most widely followed updates on sustainable-energy markets was released Thursday.
According to BloombergNEF’s Head of Americas Ethan Zindler the issue is under watch, but is not yet worrisome. GasBuddy analyst Patrick DeHaan has said that the current high prices could continue to climb as high as $4 a gallon, excluding taxes. This growth was fueled by strong consumer demand, unprecedented injection of new capital into companies, technologies, and projects, and a wave of supportive new policies.
Rod O’Connor, chief commercialization & engagement officer with the American Clean Power Association said growth in offshore wind power has been the market to watch. A record bidding has just wrapped on a new East Coast project. President Joe Biden has set a goal to install 30 gigawatts of offshore wind power by 2030, generating enough electricity to power more than 10 million homes.
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