Lyten’s deal to acquire and recommence operations of European battery firm Northvolt out of bankruptcy has winners and losers, but some of the challenges that led to its demise have already been solved.
US-based lithium sulfur battery firm Lyten has now acquired nearly all of the assets of failed European lithium-ion battery startup Northvolt, with this deal to buy its gigafactories in Sweden and Germany and all IP.
A double-header of Poland grid-scale BESS news, with GoldenPeaks Capital entering the market with a two-project acquisition, and R.Power securing a PPA for a solar-and-storage project.
The annual capacity of battery cell manufacturing for ESS in the US looks set to reach 50GWh by the end of next year, based on recent company announcements.
CATL, the world’s biggest lithium-ion OEM, saw flat ESS revenues in the first half of the year, but the extent to which this can be blamed on the increased US-China tariffs, if at all, is far from clear.
We caught up with the CEO of BESS optimiser Enspired to discuss what the emergence of tolls means for companies like his, and what role optimisers can play in the area of performance warranties.
