European Grid-Storage Market
Till recently, batteries for most purposes were costly, heavy, expensive and environmentally damaging, containing heavy metals such as lead or cadmium. New generation batteries, such as lithium-ion, are much more efficient, recharge faster, are less expensive and can be more easily recycled. Thanks to these batteries, and other developments, the energy transition is finding solutions to intermittent energy generation (renewable wind and solar) and mobility (long-range electric vehicles).
Electric vehicle charging networks
The problem of autonomy and recharging of zero-emission vehicles is central to the success of the revolution in motorised transport. This requires largescale planning and investment, both of which can be well-served by commitment by the car and petrol distribution companies. Is there a market motivation for them?
The unexpected trend towards electromobility, and its eventual dominance of the vehicle market, has been confirmed by leading oil industry companies themselves, who foresee as a consequence a possible peak in oil demand around the year 2020. Oil company forecasts predict the number of electric cars worldwide could rise from the 1.2 million in 2015 to 100 million by 2035.
Oil producers and distributors, such as BP (SEO Bob Dudley), is seeking cooperation opportunities with electric vehicle manufacturers to find solutions to the issue of charging stations for electric cars at its petrol stations in the future. Discussions between oil companies and electric car manufacturers are exploring options of bundling oil tank station networks with charging demands.
Oil companies and gas station operators see the principal problem being the long charging times, requiring large areas for static vehicles at petrol stations, which make electrical vehicles still uncompetitive with fossil fuel.