Utility Origin Energy has hired Wärtsilä to expand its battery storage installation at the Eraring coal power plant site in New South Wales, Australia.
South Korea’s Samsung SDI has signed its first US lithium iron phosphate (LFP) cell deal, while Chinese integrator Trina Storage has expanded an existing supply partnership.
The recent introduction of 15-minute settlement periods across European power markets could result in significantly higher profits for battery storage asset operators.
Cell manufacturing overcapacity and intense competition contributed to an 8% decline in the average cost of lithium-ion battery packs, according to BloombergNEF.
A Western Australian government initiative to deploy the largest vanadium redox flow battery (VRFB) project outside China is a “pivotal moment,” one technology provider has said.