Tesla will “build batteries, powertrains and vehicles” at its European gigafactory, which company CEO Elon Musk has tweeted will be in the Berlin area of Germany.
By the middle of the 2020s, using hybrid ‘portfolios’ of batteries and renewable energy sources will economically outperform existing gas power plants, while the combination of technologies is already cost-competitive with building new gas plants, a new report from the US-based Rocky Mountain Institute has said.
Australia’s strong and ongoing potential for energy storage paired with solar PV has seen international and domestically-headquartered companies race to gain market share.
KORE Lithium Technologies Inc (KORE Power), a US headquartered manufacturer of nickel manganese cobalt (NMC) battery racks for the utility-scale stationary energy storage market, has retained renewable energy investor CohnReznick Capital as its Investment Bank of Record.
While lithium-ion enjoys the most media and customer interest at the moment, alternative technologies for storing energy could become competitive – if investors are willing to take them on to the extent that manufacturing efforts can be greatly scaled up.
Idaho-headquartered KORE Power claims it will have 6GWh annual production capacity for its lithium battery energy storage solutions, based on high-power nickel manganese cobalt (NMC) cells, up and running during the first quarter of next year.
Eguana Technologies has signed a deal with contract manufacturer Jabil for the production of residential and commercial energy storage systems.
Enabling batteries to be repaired, upgraded and reused when no longer suitable for their first life will have social as well as environmental benefits, Amrit Chandan, CEO of Aceleron, argues.
A pilot scheme in the Australian state of Victoria will give householders a rebate of “up to AU$4,838 for a solar battery system”, with a quarter of the first tranche of subsidies already accounted for since the scheme launched.
Lithium-ion batteries are far more widely recycled than many people think, while China and South Korea are already leaders of the emerging circular economy of lithium, a report commissioned by the Swedish Energy Agency has found.
24M, currently thought to be one of the leaders in developing an advanced form of lithium-ion batteries which promise increased energy density, has struck a deal with Kyocera for initial production of cells for stationary storage applications.
Northvolt, the consortium seeking to establish significant lithium-ion battery cell manufacturing facilities in Europe, has raised US$1 billion in equity capital from parties including Volkswagen and BMW and the merchant banking division of Goldman Sachs.
The Central Indian state wants storage services to help cater for an extra 2.7 million customers brought online by electrification schemes as well as increasing penetration of renewable energy on the grid.
As it prepares to break ground on a ‘Gigafactory’, energy storage system provider Tesvolt has said that gaining certification across diverse regions remains the biggest challenge in forming strategy today.
Thanks to “innovative business models” and the combination of PV with batteries, Japan’s “solar boom” is far from over, market expert Izumi Kaizuka of RTS PV has said.
Schmid and Saudi companies are also planning a gigawatt-scale manufacturing facility for Vanadium Redox Flow Batteries.
Portugal’s EDP has inked a deal for its largest PV project to date, a 3.8MWp solar-plus-storage duo it will develop for lead acid battery and storage system maker Exide Technologies.
24M, spun out of an MIT laboratory, claims its latest semi-solid battery ‘breakthrough’, Dual Electrolyte technology, heralds a new era to come for advanced lithium batteries. Andy Colthorpe spoke to some of the company’s leadership team to find out more.
With Brexit day less than a month away and still no certainty around what the final deal will look like, the time is now for the energy storage sector to prepare for every eventuality so it can play to its increasing strengths, writes Stephen Irish, co-founder of Hyperdrive Innovation.
Automotive giant Toyota and electronics firm Panasonic have announced a joint venture which will look to lead the field in EV battery technology.
We asked Dr Rahul Walawalkar, executive director of the India Energy Storage Alliance, three simple questions to illuminate what was achieved in 2018 and what held the market back, if anything. We also look ahead to this year and what we might expect to see going forward.
Power electronics giant Hitachi has acquired ABB’s power grids business in an US$11 billion (£8.7 billion) deal which cements its position in the energy solutions sector.
CATL, a major Chinese manufacturer of lithium-ion batteries, has just opened its first sales and service centre in North America.
Steven Marshall, the Premier of South Australia, has welcomed the start of assembly-line work at Sonnen’s new factory in Adelaide, while rival Tesla’s virtual power plant (VPP) in the state is beginning its second phase of development.
Energy-Storage.news has heard from the founder and CEO of start-up Lumenion that the company’s technology, now being trialled in Germany by Vattenfall, can store energy in steel structures for up to 48 hours.
Kokam has been awarded contracts to deliver 40MWh of battery energy storage at solar power plants in South Korea, including its newest High Energy Lithium Nickel Manganese Cobalt Oxide (HE NMC) batteries.
Johnson Controls has sold off its power business, including its design and production of automotive batteries, to focus on management solutions for buildings and HVAC systems for industrial customers.
SolarEdge is targeting a world where the “majority of solar systems will include storage”, according to CEO Guy Sella, as the company announced record revenues and shipments in the third quarter of 2018.
An agreement to buy 75% of Korean battery manufacturer Kokam gives SolarEdge a level of vertical integration that could make the PV company a ‘one-stop-shop’ for customers, while SolarEdge could diversify into areas outside solar energy.
India’s prime minister Narendra Modi made an official commitment towards the launch of the country’s first National Energy Storage Mission yesterday at a ministerial event also attended by the UN Secretary General, Antonio Guterres.