Lawyers from Herbert Smith Freehills discuss the challenges for the nascent European gigafactory ecosystem in light of heavy competition from the US and China, alongside the role that energy storage system (ESS) demand will play.
After coming down last year, the cost of containerised BESS solutions for US-based buyers will come down a further 18% in 2024, Clean Energy Associates (CEA) said.
While more energy-dense BESS units mean packing more into smaller footprints, they may have additional implications for noise and fire safety, a developer source told Energy-Storage.news.
The European Commission is targeting 90% renewable electricity by 2040 in the EU and sees energy storage as one of several key areas of investment to get there, according to a leaked draft.
Global demand for batteries for energy storage system (ESS) applications will grow 30% during this year, with the US leading the charge, LG Energy Solution has predicted.
Quantumscape is ‘not revealing a commercialisation roadmap for non-automotive applications’ for its solid state battery, it told Energy-Storage.news, while 24M Technologies gave us an update on its latest ‘SemiSolid’ battery product.
Europe-based sodium-ion battery technology firms Tiamat and Altris have secured a total of €29 million (US$31.5 million) in new funding, from a fundraise round and the Swedish state respectively.
An official opening took place this morning for the new vanadium flow battery electrolyte factory in Western Australia build by Australian Vanadium (AVL).
European lithium-ion battery developer and manufacturer Northvolt has secured a US$5 billion (€4.6 billion) non-recourse project financing package from various EU and Nordic institutions for its manufacturing and recycling plants.
