Tesla

• The integration of renewable energy sources into power grids presents a pivotal opportunity for next-generation batteries.
• According to the Renewable Capacity Statistics 2021 report by the International Renewable Energy Agency (IREA), total renewable energy capacity reached an impressive 2,799 GW by the close of 2020.
• This capacity expansion is driving demand for advanced energy storage systems like next-generation batteries.
• Additionally, the energy storage segment is also experiencing significant growth, driven by the need for efficient energy storage systems in renewable energy integration and grid stability.

• Kraken , the only proven, end-to-end platform for future energy, demonstrates continued progress in establishing itself as the leading global operating system.
• With advanced data and machine learning, Kraken offers utilities, suppliers and traders full management of the entire energy supply chain.
• Devrim Celal, CEO of Kraken, Flexibility & Optimization, commented: “Our unwavering commitment is to bring cheaper, greener energy to all by providing transparency into energy usage among utilities, their customers, and distributed energy sources.
• Maria Benintende, Industry Director, Energy & Environment Frost & Sullivan, commented: “In today’s era marked by an intensified focus on mitigating the climate crisis, energy is the world’s most dynamic industry in need of change.

• But what if I told you this idyllic drive could turn into a nightmare, with the faint smell of something burning?
• This month we have had at least two large lithium-ion battery fires in Australia – one in the Sydney airport car park and another one more recently at the Bouldercombe battery storage site in Queensland.

What causes these fires?

• They’re the same powerhouses that fuel our smartphones
  and laptops – celebrated for their ability to store heaps of energy in a small
  space.
• In fact, from 2010 to June 2023, only four electric vehicle battery fires had been recorded in Australia.
• In extreme cases, it causes the battery to catch fire or explode.
• The onset and intensification of lithium-ion battery fires can be traced to multiple causes, including user behaviour such as improper charging or physical damage.

What to do when a fire has started?

• That’s because lithium-ion batteries have a rather unwelcome talent for chemical reactions when they come into contact with water.
• Instead of snuffing out the flames, water can actually fuel the fire and cause it to intensify.
• This is because the water’s reaction with lithium produces flammable hydrogen gas, adding more of a fire hazard to an already perilous situation.
• This is why these battery fires are a particular concern in confined spaces such as a garage, where noxious gases can accumulate quickly.

What to do if your car catches fire

• First, get to know your EV inside and out.
• What about sensors that could alert you to a problem before it turns into a crisis?
• Avoid using fast chargers as your
  go-to, because these can cause the battery to heat up more quickly.

• ZeroSum can now report that the average new car price is $51,438, a decrease of -1.17% from August EOM.
• However, used car inventory would have to drop significantly before reaching the 2-year low on inventory from January 2023 (which was 1,510,076.)
• Along with the slow drop of inventory, used car prices have also continued to decrease for the fourth straight month.
• September's average EOM used vehicle price is predicted to be $29,471, a difference of -2.31% from August's average price ($30,168.)