A battery storage system made with second life EV batteries has been developed by carmaker Toyota and Japanese utility company Tokyo Electric Power.

Lithium carbonate prices have started to creep back up again after coming down from 2022’s extreme highs, but the long-term outlook is one of downwards prices, research firm Fastmarkets said.

The US’ installed base of utility-scale battery energy storage systems (BESS) increased by 80% in 2022, as the industry had a record-breaking year.

Utility Hawaiian Electric has finalised a plan to completely use renewable resources by 2045, including mid-term goals of adding renewables generation and rooftop solar by 2030.

UGL has been selected to design, test and commission a BESS which will provide power for BHP’s iron ore port in Western Australia.

The battery manager for Sweden-based Stena Recycling Group discussed the firm’s approach to the battery market and reusing batteries for second life in an exclusive interview with Energy-Storage.news.

The US state of Minnesota has passed a package of incentives for solar, energy storage, microgrids and energy resiliency totalling US$80 million.

Energy optimisation software provider Peak Power has received US$35 million investment, while startup Financial Machines has launched its own platform, with both targeting the US energy storage market.

Electric ‘supercar’ firm Rimac is bringing “leading expertise in extracting maximal performance” from battery cells to its new energy storage division, which will also consider non-lithium technology, it told Energy-Storage.news.

Developer BlueWave talked Energy-Storage.news through the opportunities for energy storage in ISO New England (ISO-NE), one of only a few markets where ancillary services are not part of the long-term value stack.