Australian Vanadium, targeting vertically integrated involvement in the flow battery market, has received the first payment from a government grant to support its manufacturing plans.

Energy-Storage.news caught up with Energy Vault CEO Robert Piconi to primarily discuss its gravity-based energy storage solution which, putting it mildly, has its fair share of sceptics.

Energy Vault will reveal new form factors to its EVx gravity-based energy storage solution which could deliver the “lowest cost of energy storage in the world”, CEO Robert Piconi claimed to Energy-Storage.news.

The US now has a larger pipeline of lithium-ion manufacturing projects than Europe, according to Clean Energy Associates (CEA) and Benchmark Mineral Intelligence.

A senior executive from the power solutions arm of manufacturing firm Volvo Group, Volvo Penta, talked Energy-Storage.news through its recent entry into the BESS market.

Europe’s biggest battery storage system earned £2.3 million (US$2.85 million) revenues in Q1 2023.

Groundbreaking has taken place in West Virginia, US, for the factory where startup Form Energy will be mass producing batteries for long-duration energy storage (LDES) applications.

Europe’s emerging solar markets
The view from the up-and-coming PV markets of mainland Europe

Last week, two significant milestones in the emergence of a market for large-scale battery storage on the grid were laid in Ontario, Canada.

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.