Northvolt, the startup which recently netted a US$1 billion equity raise for its initial lithium battery ‘gigafactory’ in Sweden, has said that its ambitions extend deep into the energy storage solutions space, in addition to its involvement with major carmakers.
As we move into a new decade, the question is whether the burgeoning US energy storage industry will be able to maintain its current path of rapid growth. All signs suggest that it will, argues Ricardo F. Rodriguez of Navigant Research.
Virginia lawmakers passed a bill to support the US Commonwealth’s electric grid going 100% “clean” by 2050, which includes an energy storage deployment target of 3.1GW by 2035.
Honeywell is rolling out fire detection and safety technologies for lithium-ion batteries via its Building Technologies business unit, combining it with alternative energy innovation group Nexceris’ gas detection systems.
Multinational chemicals company BASF has furthered its interest in the energy storage industry, partnering on the development of ‘metal-free’ flow battery electrolytes with German startup JenaBatteries.
While energy storage system (ESS) batteries are often described as stationary storage to distinguish them from batteries used in automotive applications, a new partnership in Europe turns containerised ESS into mobile power sources.
Investors are queuing “all the way down the street” but many require the first projects to be built before committing, Gridserve’s chief investment officer Mark Henderson has said.
Ares Infrastructure and Power has signed off on a partnership with Dimension Renewable Energy that will see both parties build and develop a portfolio of utility-scale battery energy storage projects in the state of New York.
