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Youmin Rong, Ph.D.

Youmin Rong, Ph.D.

Dr. Youmin Rong, a senior analyst within the Energy Technology team at IHS Markit, covers the global Battery Intelligence Service and the Energy Storage Service in the Asia Pacific region.

His responsibilities include analyzing the global battery industry and energy storage markets in APAC, and providing input to customers on next generation battery technologies. Prior to joining IHS Markit, Mr. Rong served as the project lead and investment advisor for advanced batteries at NIO (NYSE:NIO) - the first Chinese electric vehicle company publicly listed in New York Stock Exchange. He also worked for State Grid Corporation of China as an Energy Storage Research Fellow. In addition to his industrial experience, he attended the Department of Chemistry at Stanford University as a Postdoctoral Fellow, where he developed scientific research in advanced battery technology. Based on his research findings, he has published over 15 papers in leading internationally peer-reviewed journals. During his academic career, he also worked closely with industrial players such as Samsung Electronics and Shanghai Electric Group. He holds a PhD in Functional Nanomaterials from the University of Oxford, as well as MEng and BEng in Materials Science and Engineering from Imperial College London, United Kingdom.

 

 

 


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Trade tariffs in the United States could increase pricing for energy storage systems

Under articles Section 301 of United States trade policy, the United States is set to introduce 10% tariffs on approximately $300 billion of Chinese imports by the end of 2019, including lithium-ion batteries. While tariffs for some products will be delayed until 15 December 2019, tariffs for lithium-ion batteries are to begin 1 September 2019. Because of these tariffs and others already implemented, including 25% on imported power conversion systems (PCS) and battery materials such as lithium, cobalt, nickel, and other metals, the cost of battery energy storage in the United States is projected to increase. Integrators using Lithium Iron Phosphate (LFP) batteries will be especially affected, due to China’s market share of the global supply chain for such products. Because raw materials are also targeted, the smaller domestic manufacturing base of lithium-ion batteries could also remain affected.

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Power & Energy Technology
Battery Safety Report - 2019

Pressure grows on battery industry to ensure safety and sustainable industry growth. Following a number of incidents involving battery fires in electric vehicles, stationary energy storage and portable electronic devices, safety concerns continue to mount around the widespread use of Li-ion batteries

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Power & Energy Technology Building, Home & City Technology
SNEC 2019 - Key Takeaways

SNEC – is the leading event in China for solar and energy storage. The scale of the event provides a crucial overview of the respective industries and the current market status in China and globally. After attending the show, the IHS Markit Solar and Energy Storage analyst team has summarised the major findings from the event.

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Power & Energy Technology
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