The European Investment Bank (EIB) has approved a loan request from Northvolt that will see the bank provide a financing facility of up to US$64.8 million to support Northvolt’s pilot demonstration facility.
News in brief from around the world of energy storage.
A spokesman for S&C Electric has confirmed the company will no longer be producing its power conversion system (PCS) for energy storage systems but will remain in the market as a system integrator.
The Indian Budget has seen a hike in customs duty for lithium-ion batteries from 10% to 20%.
Adding energy storage gives solar developers and the industry in general the ability to “keep going”, while offering both lithium and flow battery systems covers a “wide-range of use cases”, NEXTracker CEO Dan Shugar has said.
Dr. Rahul Walawalkar of the Indian Energy Storage Alliance also predicts at least two lithium-ion cell manufacturing plants of 500MWh+ capacity to start construction in India this year.
Well, we seem to say it at the end of every year, but 2017 seemed a lot busier than 2016, 2016 was busier and more exciting than the year before that, and so on! There have been some hints already on what the industry and its observers expect to see in 2018 and we do not doubt energy storage will continue in its rise to become a flexible cornerstone of the world’s electricity infrastructure. In the meantime, let’s reflect on the top news stories of last year, as reported by Energy-Storage.News and based on readership statistics from you:
Start-up Romeo Power has opened a lithium battery pack factory in Los Angeles, aimed at the EV and stationary energy storage markets, aiming to ramp up to 4GWh production capacity by next year.
Intended to “kick start concrete projects”, the European Commission is set to allocate a further €200 million (US$235.53 million) towards supporting the scale-up of lithium battery manufacturing on the continent.
Australian redox flow energy storage maker Redflow says a Thai factory set to start producing its batteries could be producing 30Wh annually when it becomes fully operational.
Automation and engineering group ABB has signed on to become a supplier to a planned European lithium-ion battery ‘Gigafactory’ for Swedish start-up Northvolt.
India’s Central Electricity Authority (CEA) is debating how and whether to introduce a mandate for solar and wind projects above a certain size to be coupled with energy storage.
The secretary of India’s Ministry of New and Renewable Energy (MNRE) Anand Kumar has stressed the importance of energy storage to the overall renewables sector and invited industry to come and set up battery manufacturing in India.
TerraE Holding, a collaborative initiative to establish large-scale production line manufacturing of lithium-ion cells at a European ‘Gigafactory’, has signed a raw materials deal for anode materials with Australia’s Magnis Resources.
Kodak, the tech company best known for producing photographic film and imaging equipment, has inaugurated the Kodak Cell Assembly Center, a new facility aimed at accelerating development and scale-up of advanced batteries for energy storage.
An EV and stationary energy storage battery start-up headed by former SpaceX, Tesla, Apple, Amazon and Samsung designers and engineers has mobilised almost US$100 million of financing and contracts to kickstart manufacturing operations.
The CEO of a company that makes ‘microstorage’ units that connect directly to individual solar PV panels, says his products come with 20-year warranties with the intention of matching PV system owners’ expectations of product quality and lifetime.
The sale of an NEC Corporation business division involved in manufacturing lithium-ion batteries will have no material impact on the group’s activities in energy storage, according to a company spokesman.
Primus Power, a flow battery maker which claims its systems can cost less than half the price of lithium-ion energy storage over its lifetime, is establishing manufacturing lines in China.
Aquion Energy, maker of energy storage batteries and whole systems based on a novel electrolyte with a chemical composition similar to saltwater, is back in business.
Northvolt, the Swedish battery start-up founded by former Tesla executives, has closed in on two possible sites for its planned multi-gigawatt production facility.
Energy Renaissance is constructing a 1GWh per annum lithium-ion battery storage manufacturing plant at Darwin, in the Northern Territory of Australia, while CEFC has financed a 2Mtpa lithium concentrate mining project in Western Australia.
Even if the US withdraws from the Paris Agreement on climate change, economics and popular support for clean energy mean the industry will not lose its momentum, the chief commercial officer of Younicos has said.
Last year was a “seminal year” for energy storage, where the technology moved from “dream to reality”, according to impact investor Nancy Pfund, one of the earliest backers to Tesla and SolarCity.
Vertically integrated energy storage solution company Leclanché and global battery manufacturer Narada Power have agreed to a strategic partnership for the manufacturing and development of lithium-ion battery technology for the Chinese and global markets.
Tesla has acquired German engineering firm Grohmann Engineering to form a new advanced automation segment of its business, producing manufacturing equipment for its factories in the US.
Kodak and Polaris Battery Labs have collaborated on a support system for new battery manufacturers and products.
While seeming “tech breakthroughs” garner a great deal of media attention, the three key factors in determining the likely impact of storage tech companies are innovative technology, scalability and a proven track record, a Bloomberg New Energy Finance analyst has said.
Energy storage manufacturing is the fastest growing business unit for tool maker Manz, the company has told PV Tech Storage.
Some news in brief from around the world of energy storage this week: Manz underlines positive assessment of energy storage sector with US$55 million deals, Sonnenbatterie backs US push with investment from INVEN Capital, local sources report AES wants to build 250MW of projects in Philippines.