The Asia-Pacific region will continue to be the world’s leading centre of lithium-ion cell manufacturing for the next decade, but it won’t just be price reductions in batteries that will drive a 30% drop in front-of-meter battery storage in key markets China, Australia and South Korea.
Energy-Storage.news was delighted to host a sponsored webinar with Wärtsilä Energy on how energy storage is being used to support the uptake of electric transport last week - and you can now watch the whole thing on our YouTube channel.
UK energy storage solutions provider Zenobe Energy is targeting an additional 500MWh of storage and 1,000 electric buses following a £150 million (US$198.94 million) investment the infrastructure equity investment arm of investment manager M&G.
India’s government has agreed on a financing package that includes INR45 billion (US$603 million) of investment over five years to support the domestic development of high-efficiency PV modules.
What does it take to successfully create a multi-gigawatt battery storage factory? Energy-Storage.news' editor Andy Colthorpe moderates a discussion with some key players in Europe's race to create a home-grown value chain.
We caught up with Bo Normark in his capacity as EIT InnoEnergy executive to discuss the past, present and future of energy storage, with his organisation taking the lead in the European Battery Alliance.
What is currently thought to be Europe’s largest electric car charging station opened just before the weekend including a 2MWh battery energy storage system (BESS) supplied and integrated by Tesvolt.
Rosatom, Russia’s biggest electricity provider and the country’s supplier of nuclear fuel for power plants, has opened an energy storage business unit baed around lithium-ion batteries.
North America is currently leading the world for utility-scale energy storage deployments, but could be overtaken by the second-largest market, the Asia-Pacific region, as early as 2023, according to forecasting and analysis by Guidehouse Insights.
The past few days have seen various announcements across the lithium-ion battery production value chain in Europe, Australia and the US.
Northvolt has now raised in excess of US$3.5 billion of financing towards its aim of establishing 150GWh of advanced battery manufacturing facilities in Europe by 2030.
ENGIE EPS incurred increases in operating expenses and extraordinary costs due to COVID-19 which “more than offset” an increase in revenues that ENGIE’s energy storage subsidiary earned in the first half of this year.
It will be in the interests of more or less everybody involved in the “broader lithium-ion battery supply chain” to establish effective recycling ecosystems, according to an analyst with IHS Markit.
ROUNDUP: ARPA-E funding for sodium ion, ENGIE in big Italy V2G, Enel X partnership to take on Canada
More news in brief from around the world in energy storage.
BloombergNEF (BNEF) has ranked China #1 among the countries of the world most involved in the lithium-ion battery supply chain in 2020, with Japan and South Korea in second and third place respectively.
Lithium has been added to a list of raw materials deemed essential to secure supply in Europe, for the first time ever, by the European Commission.
Standards, guidance and best practice relating to the installation and deployment of battery storage are often talked about in the industry, and rightly so. What is perhaps less often focused upon, is evaluation of the battery equipment itself before it even leaves the factory. PI Berlin’s Benjamin Sternkopf and Ian Gregory speak about their new lithium cell assessment service.
Stationary energy storage in support of electric vehicles (EVs) charging could reach a global installed capacity of 1,900MW by the end of 2029 according to a new Guidehouse Insights report.
The reuse of electric vehicle (EV) batteries in stationary storage systems offers great possibilities, but investors still need to gain confidence in the ‘second life’ battery concept, the CEO of a company behind a new project in England has said.
The company behind what looks set to be Norway’s first gigawatt-scale manufacturing facility for lithium-ion battery cells has secured pre-construction financing of NOK130 million (US$13.85 million) which it said will “enable rapid development” of the plant.
Mitsubishi, Japanese telecoms co NTT step up focus on renewables, storage, EVs and energy management
Mitsubishi Corporation said today that it is partnering with major Japanese telecoms provider NTT to “study cooperation” in renewables, energy management using electric vehicles and battery energy storage, while according to reports, NTT is investing around US$1 billion a year in renewable energy up to 2030.
V2G can significantly reduce energy system greenhouse gas emissions, as well as ensure resilience in the event of power outages and prolong the battery life of an EV, according to a review of nine projects across Europe.
South Wales is likely to be the location for the UK’s first lithium-ion 'gigaplant', as Britishvolt announces plans to combine the site with solar.
Tesla’s just-released sustainability report for 2019 asserts the belief that “the notion that a sustainable future is not economically feasible is no longer valid”.
Lithium-ion cell prices will fall by around 46% between now and 2029, according to new analysis from Guidehouse Insights, reaching US$66.6 per kWh by that time.
A survey of over 2,000 “senior business leaders” in G20 countries has found that electric vehicles and battery storage are the most popular assets to invest in among non-power generation technologies in the energy sector.
The Energy Storage Digital Series, an online-only conference and webinar series, produced and hosted by the events division of our publisher Solar Media kicked off yesterday. Here are some highlights and key quotes from opening panel discussion: 'Predicting the energy storage tech of the future'.
South Korean lithium-ion battery manufacturer SK Innovation will begin construction on the second of two manufacturing plants in the US state of Georgia this summer, with the first already under construction.
Energy solutions company Alfen has seen its quarterly revenue climb across all three of its business lines, with its energy storage arm seeing revenues increase by 144% against the first quarter of 2019.
Moving from today’s gas stations to their electrified equivalent can present a challenge so “dramatic” that in some cases, microgrids may be the only viable solution, a representative of Schneider Electric has said.