LG Energy Solution has signed a five-year supply deal for lithium hydroxide from Germany-headquartered Vulcan Energy Resources, which aims to establish carbon emissions-free extraction facilities.
Battery storage companies raised 159% more corporate funding in 2021 than in 2020, with funding activity reflecting the “significance of battery energy storage in the energy transition,” analysis group Mercom Capital has said.
Power company TransAlta has made an application to regulators seeking approval of a large-scale battery storage system in Alberta, Canada, which will be charged from hydroelectric generation.
Tesla is ambitious to grow its energy storage business in 2022, after it reported a 32% year-on-year increase in battery storage deployments, executives including CEO Elon Musk have said.
Two clean energy projects aimed at replacing a retiring Nevada coal power plant look set to go ahead, with their sale to utility NV Energy been given final approval from regulators.
The year has gotten off to a frenetic start, with plenty of news from the global solar and energy storage sectors to digest on the January 2022 episode of the Solar Media Podcast.
Spanish solar company Soltec Power Holdings, through its subsidiary Powertis, has sold a controlling stake in 421MW of its solar PV projects and 90MW of energy storage in Italy to German investment firm Aquila Capital under a co-development agreement.
