EV Battery Capacity Pipeline for 2031 is Over 7 Terawatt Hours

The global capacity of lithium-ion battery gigafactories is set to surpass seven terawatt hours (TWh) by 2031, according to Benchmark’s Gigafactory Assessment. This milestone comes just four months after the ten-year pipeline exceeded six TWh in April. Over half of the global capacity is 2031 is controlled by just nine companies. China is set to …

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The Rise and Stall of China

Long time readers of Nextbigfuture know that I have been optimistic about China’s economy for well over two decades. Those were correct and accurate tracking and forecasts. There would be complaints that tracking the situation every few months was boosterism for China. Well the change has happened. China’s economy has basically stalled out. China’s economy …

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China’s 2 Megawatt Molten-salt Thorium Nuclear Reactor Has Start up Approval

Shanghai Institute of Applied Physics (SINAP) has been given approval by the Ministry of Ecology and Environment to commission an experimental thorium-powered molten-salt reactor. This is the first molten salt nuclear reactor since the US shutdown a test reactor in 1969. The TMSR-LF1 will use fuel enriched to under 20% U-235, have a thorium inventory …

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Japan Will Restart Nuclear Reactors and Build New Nuclear

Japan will restart nuclear reactors and develop new plants using next-generation nuclear technologies. Japan wants to restart seven more nuclear reactors from next summer onward, Japan PM Kishida said at a government meeting on “green transformation.” That would bring the number of reactors brought back online after the 2011 Fukushima catastrophe to 17 out of …

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Weak China and Europe Economies

China GDP was negative 2.6% in the April-June period on a quarter-over-quarter basis but was +0.4% expansion compared to the second quarter of 2021. It was China’s worst quarterly performance since a 6.9% contraction in the first three months of 2020 as the country locked down the city of Wuhan, where the new coronavirus was …

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China Sunway Supercomputer Team Claims 174 Trillion Parameter AI Model

A team of researchers from China used the Sunway supercomputer to train an AI model with 174 trillion parameters called ‘bagualu,’ which means “alchemist’s pot.” The AI parameters are comparable to the number of synapses (1000 trillion in the human brain). However, human synapses and AI parameters are not equivalent. In 2020, Microsoft trained a …

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