Cell manufacturing overcapacity and intense competition contributed to an 8% decline in the average cost of lithium-ion battery packs, according to BloombergNEF.
Vancouver-based helium and natural gas producer Desert Mountain Energy (DME) has signed a non-binding letter of intent (LOI) to form a joint venture (JV) to build and operate a sodium nickel chloride (SNC) battery manufacturing facility in Roswell, New Mexico.
Vena Energy has commenced construction of a large-scale standalone battery energy storage system (BESS), adjacent to two of the company’s existing facilities, in South Australia.
RWE Clean Energy has commissioned the Stoneridge Solar PV project in Texas, adding 200MW of solar PV and 100MW/200MWh BESS to its operational portfolio.