Pomega is selling the future offtake from its South Carolina ESS gigafactory into a market with “a lot of scepticism about whether US battery cell production is viable”, its VP business development told Energy-Storage.news.
Europe reached 4.5GW of battery storage capacity last year and could hit 95GW by 2050, according to figures from LCP Delta and Aurora Energy Research respectively.
There has been US$150 billion of announced investments into the US’ upstream and downstream clean energy industry since the Act was passed, according to American Clean Power (ACP).
There is a long way to go before the new standalone storage investment tax credit (ITC) starts to really make a dent in the market, speakers and delegates at the Energy Storage Summit USA last month said.
The Ministry of Economy and Sustainable Development in Croatia has issued a €60 million (US$66 million) Call for Funds which seeks projects for renewables, energy efficiency and energy storage totalling 20MWh.
The massive buildout of battery storage in the ERCOT, Texas market and the risk of market saturation was a huge talking point at Energy Storage Summit USA last month.
Mining giant Glencore, Spain-based utility Iberdrola and commercial waste management firm FCC are partnering to develop lithium-ion battery circularity solutions, including recycling and second life.
A solar-plus-storage project is being planned for the legislative capital of South Africa, as the city looks to move “away from Eskom reliance and towards a load-shedding-free Cape Town”, its Mayor said.
A senior executive from the US’ second-largest grid operator MISO sat down with Energy-Storage.news to discuss the challenges that come with a soaring energy storage market.
