Europe is on course to become the world’s second-largest lithium-ion battery cell producing region by 2025, although some key challenges need to be addressed, a European Commission vice-president has said.
South Australia’s government has welcomed the granting of planning approval for the first phase of a AU$3 billion large-scale hybrid renewable energy project in the state’s Goyder region.
LG Energy Solution, formerly known as LG Chem, has announced plans to invest in significantly increased production capacity within the US for batteries to be used in electric vehicles (EVs) and energy storage systems (ESS).
A US$75 million national research and development (R&D) facility for energy storage is expected to be up and running by 2025, the US Department of Energy said yesterday.
Australian energy retailer EnergyAustralia has said that it will build a 350MW, four-hour standalone battery energy storage system (BESS) project to enable one of its coal-fired power plants to be retired “after decades of faithful service”.
A politically bipartisan effort to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the US could be a “once in a generation opportunity” to protect the future of the earth.
Pacific Gas & Electric (PG&E), one of California’s three main investor-owned utilities, has said that 1,400MW of battery storage is to be deployed in its service area by the end of 2023 will keep the company on-track to meet statewide renewable energy goals “while ensuring grid reliability”.
Australian zinc-bromine flow battery manufacturer Redflow will install 2MWh of its battery storage systems at a waste-to-energy facility in California.
A subsidiary of Russian state-owned nuclear technology and electric utility company Rosatom, will establish domestic lithium-ion battery cell and manufacturing facilities, following a deal to acquire 49% of South Korean company Enertech International.
