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Battery prices are plunging around the world, signaling a crucial turning point: 'Entering a new phase of its development'
Battery prices are plunging around the world, signaling a crucial turning point: 'Entering a new phase of its development'

Yahoo

time02-05-2025

  • Automotive
  • Yahoo

Battery prices are plunging around the world, signaling a crucial turning point: 'Entering a new phase of its development'

The world's battery industry appears to be supercharged. According to a recent commentary from the International Energy Agency, we have entered a "new phase" for batteries as their costs continue to drop and demand for them skyrockets. While the current period hasn't been officially dubbed the Battery Age yet, the ubiquitous energy storage units are at the heart of tech developments, ranging from the electrification of homes and greening of energy grids to mobile devices and electric vehicles. Batteries are having a particularly strong impact on the world, thanks to the rising popularity of EVs, the agency reported. In 2024, EV sales rose 25% to 17 million, according to the IEA and research firm Rho Motion. The average price for an EV's battery pack dropped below $100 per kilowatt-hour in 2024, which the IEA said was "commonly thought of as a key threshold for competing on cost" with conventional (gas-fueled) vehicles. The more that EVs replace gas-powered models, the less air pollution will be created through transportation, reducing the health risks and planetary overheating associated with that pollution. The IEA article mentioned another "historic milestone" in 2024, as global demand for battery storage capability soared past 1 terawatt-hours. This marks a tenfold increase in battery demand since 2018, according to an IEA newsletter version of the commentary. For reference, 1 terawatt-hour can power 100 million homes for an hour or the state of California for about 1.5 weeks, according to the Sustainable Choice clean energy project. And batteries can be recharged. Some of the batteries deployed worldwide are used to support solar and wind energy projects. These projects help keep the air cleaner by replacing energy sources such as coal or gas-burning power plants. The large-scale batteries store energy when the sun is shining or the wind is blowing, evening out the supply from clean energy sources. We can use home battery systems to store power from rooftop solar panels for use at night, during outages, or to sell back to a utility in some areas. Would you trust the battery in a used EV? Definitely No way Depends how old it is Depends how cheap it is Click your choice to see results and speak your mind. In its commentary, the IEA pointed to cheaper battery materials and industrial advances as key drivers of the cheaper batteries. China is leading the world in battery production, according to the report, although other nations are racing to expand their production. Meanwhile, advancements in technology by a multitude of university and corporate researchers are also helping to make batteries lighter, smaller, safer, cheaper, more recyclable, longer-lasting, and capable of storing more energy per pound. "You might have noticed that batteries are everywhere these days," the IEA said in the newsletter version of its commentary. These "trends point to a battery industry entering a new phase of its development." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.

Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change
Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change

Zawya

time22-04-2025

  • Business
  • Zawya

Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change

HONG KONG SAR - Media OutReach Newswire - 22 April 2025 - On Earth Day, Watsons, the flagship health and beauty brand of AS Watson, announces an expanded partnership with ClimatePartner to enhance its carbon compensation initiative. For every purchase of selected Watsons Sustainable Choice products, we aim to offset over 4,000 tons of CO 2 emissions. Inspiring Customers to Choose Wisely, Live Sustainably To meet the growing customer demand for Sustainable Choices products, Watsons launched its carbon compensation initiative with ClimatePartner in 2023, initially featuring 7 product ranges. Now, this effort is expanding to include 30 product ranges, further advancing our unwavering commitment to sustainability. The initiative is launched at Watsons O+O (offline plus online) stores throughout Hong Kong, Malaysia, Philippines, Taiwan, Thailand, Singapore, Vietnam, Indonesia, Turkey, and GCC markets. Watsons is committed to offering more sustainable products while ensuring that every purchase makes a meaningful and impactful difference. In addition to ongoing reforestation efforts in Rimba Raya, Indonesia [1], Watsons is focusing on crucial afforestation in Dingxi, Mainland China [2] — an area affected by desertification, droughts, and severe soil erosion. This initiative involves planting native tree species, selected for their resilience in semi-arid conditions, with the goal of transforming degraded farmland into thriving forests. Beyond environmental benefits, the initiative creates employment opportunities for local residents in tree planting and forest maintenance, with a significant portion of roles filled by women, promoting gender equity and empowering local communities. Since launch, the initiative has been well received by customers and has garnered positive feedbacks. Jason Hoh, a customer from Malaysia, shared," I love shopping the Sustainable Choices products at Watsons as each purchase contributes to a healthier planet. It inspires me to live sustainably every day." Chloe Wong, a customer from Hong Kong, said,"The QR code near the Sustainable Choices product display allows me find out about the carbon reduction process, showing how Watsons cares about its environmental footprint." Niran Channarong from Thailand added, "I choose products with sustainable packaging because I want my grandchildren to inherit a cleaner planet. Every small choice makes a difference." Inspiring customers to choose Sustainable Choices products is a vital step towards combating climate change and preserving the biodiversity that sustains us all. Together, we can create a ripple effect of positive change, shaping a brighter, greener future for generations to come. This Earth Day marks another significant milestone in Watsons' journey toward climate action, empowering customers to Look Good. Do Good. Feel Great. The issuer is solely responsible for the content of this announcement. AS Watson Group

Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change
Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change

The Sun

time22-04-2025

  • Business
  • The Sun

Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change

HONG KONG SAR - Media OutReach Newswire - 22 April 2025 - On Earth Day, Watsons, the flagship health and beauty brand of AS Watson, announces an expanded partnership with ClimatePartner to enhance its carbon compensation initiative. For every purchase of selected Watsons Sustainable Choice products, we aim to offset over 4,000 tons of CO2 emissions. Inspiring Customers to Choose Wisely, Live Sustainably To meet the growing customer demand for Sustainable Choices products, Watsons launched its carbon compensation initiative with ClimatePartner in 2023, initially featuring 7 product ranges. Now, this effort is expanding to include 30 product ranges, further advancing our unwavering commitment to sustainability. The initiative is launched at Watsons O+O (offline plus online) stores throughout Hong Kong, Malaysia, Philippines, Taiwan, Thailand, Singapore, Vietnam, Indonesia, Turkey, and GCC markets. Watsons is committed to offering more sustainable products while ensuring that every purchase makes a meaningful and impactful difference. In addition to ongoing reforestation efforts in Rimba Raya, Indonesia[1], Watsons is focusing on crucial afforestation in Dingxi, Mainland China[2] — an area affected by desertification, droughts, and severe soil erosion. This initiative involves planting native tree species, selected for their resilience in semi-arid conditions, with the goal of transforming degraded farmland into thriving forests. Beyond environmental benefits, the initiative creates employment opportunities for local residents in tree planting and forest maintenance, with a significant portion of roles filled by women, promoting gender equity and empowering local communities. Since launch, the initiative has been well received by customers and has garnered positive feedbacks. Jason Hoh, a customer from Malaysia, shared, 'I love shopping the Sustainable Choices products at Watsons as each purchase contributes to a healthier planet. It inspires me to live sustainably every day.' Chloe Wong, a customer from Hong Kong, said,'The QR code near the Sustainable Choices product display allows me find out about the carbon reduction process, showing how Watsons cares about its environmental footprint.' Niran Channarong from Thailand added, 'I choose products with sustainable packaging because I want my grandchildren to inherit a cleaner planet. Every small choice makes a difference.' Inspiring customers to choose Sustainable Choices products is a vital step towards combating climate change and preserving the biodiversity that sustains us all. Together, we can create a ripple effect of positive change, shaping a brighter, greener future for generations to come. This Earth Day marks another significant milestone in Watsons' journey toward climate action, empowering customers to Look Good. Do Good. Feel Great.

Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change
Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change

Associated Press

time22-04-2025

  • Business
  • Associated Press

Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change

HONG KONG SAR - Media OutReach Newswire - 22 April 2025 - On Earth Day, Watsons, the flagship health and beauty brand of AS Watson, announces an expanded partnership with ClimatePartner to enhance its carbon compensation initiative. For every purchase of selected Watsons Sustainable Choice products, we aim to offset over 4,000 tons of CO2 emissions. Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change Inspiring Customers to Choose Wisely, Live Sustainably To meet the growing customer demand for Sustainable Choices products, Watsons launched its carbon compensation initiative with ClimatePartner in 2023, initially featuring 7 product ranges. Now, this effort is expanding to include 30 product ranges, further advancing our unwavering commitment to sustainability. The initiative is launched at Watsons O+O (offline plus online) stores throughout Hong Kong, Malaysia, Philippines, Taiwan, Thailand, Singapore, Vietnam, Indonesia, Turkey, and GCC markets. Watsons is committed to offering more sustainable products while ensuring that every purchase makes a meaningful and impactful difference. In addition to ongoing reforestation efforts in Rimba Raya, Indonesia[1], Watsons is focusing on crucial afforestation in Dingxi, Mainland China[2] — an area affected by desertification, droughts, and severe soil erosion. This initiative involves planting native tree species, selected for their resilience in semi-arid conditions, with the goal of transforming degraded farmland into thriving forests. Beyond environmental benefits, the initiative creates employment opportunities for local residents in tree planting and forest maintenance, with a significant portion of roles filled by women, promoting gender equity and empowering local communities. Since launch, the initiative has been well received by customers and has garnered positive feedbacks. Jason Hoh, a customer from Malaysia, shared, 'I love shopping the Sustainable Choices products at Watsons as each purchase contributes to a healthier planet. It inspires me to live sustainably every day.' Chloe Wong, a customer from Hong Kong, said,"The QR code near the Sustainable Choices product display allows me find out about the carbon reduction process, showing how Watsons cares about its environmental footprint.' Niran Channarong from Thailand added, 'I choose products with sustainable packaging because I want my grandchildren to inherit a cleaner planet. Every small choice makes a difference.' Inspiring customers to choose Sustainable Choices products is a vital step towards combating climate change and preserving the biodiversity that sustains us all. Together, we can create a ripple effect of positive change, shaping a brighter, greener future for generations to come. This Earth Day marks another significant milestone in Watsons' journey toward climate action, empowering customers to Look Good. Do Good. Feel Great. [1] [2] Hashtag: #ASWatson The issuer is solely responsible for the content of this announcement.

Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change
Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change

Malay Mail

time22-04-2025

  • Business
  • Malay Mail

Watsons Joins Forces with Customers to Offset 4,000 Tons of CO2 to Fight Against Climate Change

2 HONG KONG SAR - Media OutReach Newswire - 22 April 2025 - On Earth Day, Watsons, the flagship health and beauty brand of AS Watson, announces an expanded partnership with ClimatePartner to enhance its carbon compensation initiative. For every purchase of selected Watsons Sustainable Choice products, we aim to offset over 4,000 tons of meet the growing customer demand for Sustainable Choices products, Watsons launched its carbon compensation initiative with ClimatePartner in 2023, initially featuring 7 product ranges. Now, this effort is expanding to include 30 product ranges, further advancing our unwavering commitment to sustainability. The initiative is launched at Watsons O+O (offline plus online) stores throughout Hong Kong, Malaysia, Philippines, Taiwan, Thailand, Singapore, Vietnam, Indonesia, Turkey, and GCC is committed to offering more sustainable products while ensuring that every purchase makes a meaningful and impactful difference. In addition to ongoing reforestation efforts in Rimba Raya, Indonesia, Watsons is focusing on crucial afforestation in Dingxi, Mainland China— an area affected by desertification, droughts, and severe soil erosion. This initiative involves planting native tree species, selected for their resilience in semi-arid conditions, with the goal of transforming degraded farmland into thriving environmental benefits, the initiative creates employment opportunities for local residents in tree planting and forest maintenance, with a significant portion of roles filled by women, promoting gender equity and empowering local launch, the initiative has been well received by customers and has garnered positive feedbacks., a customer from Malaysia, shared,, a customer from Hong Kong, said,from Thailand added,Inspiring customers to choose Sustainable Choices products is a vital step towards combating climate change and preserving the biodiversity that sustains us all. Together, we can create a ripple effect of positive change, shaping a brighter, greener future for generations to come. This Earth Day marks another significant milestone in Watsons' journey toward climate action, empowering customers to Look Good. Do Good. Feel #ASWatson The issuer is solely responsible for the content of this announcement.

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