The opportunities for energy storage in the US continue to grow and grow, but moving away from contracted revenue structures to merchant risk projects will be a challenge, especially for lenders.
Trina Storage launched its new lithium iron phosphate (LFP) utility-scale battery storage cabinet and Sungrow launched its new line of residential battery storage at Intersolar Europe last week.
A six-year lithium off-take contract signed by LG Energy Solution and supplier Sigma Lithium “signals the importance of securing lithium supply and the importance of ESG,” an industry supply chain expert has said.
China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry.
US utility company Georgia Power has approval from regulator Georgia Public Service Commission (PCS) for the first project in its 80MW portfolio of ‘build, own, operate’ standalone battery energy storage systems (BESS).
Total demand for energy storage between this year and 2030 could be close to 1TWh worldwide, according to analysis from Wood Mackenzie Power & Renewables.
Renewable energy company Arevon has acquired its first project since being spun out from asset management firm Capital Dynamics, a large-scale solar-plus-storage plant in California.
