Fotowatio Renewable Ventures (FRV) Australia has reached financial close on the 250MW/500MWh Gnarwarre battery energy storage system (BESS) in Victoria.
A report by American Clean Power Association (ACP) and Aurora Energy Research states that the MISO service area will need a 500% rise in battery storage by 2035.
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.
