After a power failure and fire at a battery storage system in South Korea was investigated, DNV GL has reported that “current approaches” for monitoring and preventing fires may be inadequate and could result in “small failures” becoming “major issues”.
The rapid acceleration in energy storage deployment expected over the coming years will require innovation in the quality and safety standards underpinning new battery and associated technologies. VDE’s Jan Geder looks at the technical work underway to ensure the coming storage boom has firm bankability and insurability foundations.
Following announcements from various manufacturers of deployments and partnerships in new territories, the latest wave of flow battery news includes an agreement that could put batteries in space for mission critical applications at the likes of NASA and the International Space Station.
Insurer Munich Re has launched what it claims is the world’s first long-term insurance plan for battery performance, signing up ‘all-iron’ flow battery maker ESS Inc as its first customer.
Some of the “world’s biggest insurance companies” are investigating the advantages of pairing lithium batteries with ultracapacitors in energy storage systems, which can lower costs and extend battery lifetimes, the CEO of an ultracapacitor maker has said.
Mis-selling, insurance risk and the failure of associated costs to fall alongside sell prices could hold back greater battery storage deployment in Britain, a panel discussion has revealed.