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Welcome to the newsletter from India's Ministry of Power has issued a clarification on how energy storage systems should be treated in the power sector, with recognition of the various technologies' "essential role" in the country's renewable energy future. The national Union Budget was also announced today, so expect to see more on that this week. Tesla reported energy storage deployments across all segments of close to 4GWh. At the world's largest battery project, Moss Landing Energy Storage Facility, overheating of battery modules appears ironically to have been caused by overzealous fire suppression equipment. Utility Georgia Power is seeking to build and own battery storage as part of its solution to the decreasing economic viability of its coal plants, battery storage firms raised US$17 billion corporate funding last year, 180MW of battery storage is planned for a hydroelectric plant in Canada and LG Energy Solution has signed its first-ever lithium supply deal with a producer in Europe. Thanks for reading and we hope you enjoy using the site.

The latest from Energy Storage News

India’s Ministry of Power clarifies ‘essential role’ of energy storage systems

A clarification of the status of energy storage systems (ESS) in India’s power sector, issued by the government’s Ministry of Power, has described the various technologies as “essential” to achieving national renewable energy goals. 

Tesla deployed nearly 4GWh of energy storage in 2021

Tesla is ambitious to grow its energy storage business in 2022, after it reported a 32% year-on-year increase in battery storage deployments, executives including CEO Elon Musk have said.

Batteries not cause of overheating or smoke that forced world’s biggest battery project offline

Project owner Vistra Energy expects the 300MW Phase I of Moss Landing Energy Storage Facility — the world’s biggest lithium battery project to date — to come back online during the first half of this year.

Georgia Power asks for approval to own and operate 1GW of battery storage in IRP

Georgia Power has filed its 2022 integrated resource plan (IRP), highlighting the decreasing economic viability of it coal and seeking to add resources including renewables, gas and battery storage.   

Mercom: Battery storage firms raised US$17bn corporate funding in 2021

Battery storage companies raised 159% more corporate funding in 2021 than in 2020, with funding activity reflecting the “significance of battery energy storage in the energy transition,” analysis group Mercom Capital has said. 

TransAlta seeks approval for 180MW hydroelectric-charged battery storage system in Canada

Power company TransAlta has made an application to regulators seeking approval of a large-scale battery storage system in Alberta, Canada, which will be charged from hydroelectric generation. 

LG Energy Solution signs first European lithium off-take deal with Vulcan’s ‘Zero Carbon Lithium’ project

LG Energy Solution has signed a five-year supply deal for lithium hydroxide from Germany-headquartered Vulcan Energy Resources, which aims to establish carbon emissions-free extraction facilities. 

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