Cell manufacturing overcapacity and intense competition contributed to an 8% decline in the average cost of lithium-ion battery packs, according to BloombergNEF.
In this Energy-Storage.news roundup, Energy Vault enters the Swiss energy storage market, ZincFive raises Series F financing, and Convergent Energy and Power secures a multimillion-dollar facility provided by NY Green Bank.
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.
Developer BrightNight and independent power producer (IPP) Cordelio Power have announced financial close of the 200MW/800MWh Greenwater battery energy storage system (BESS) in Washington state, US.
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.
A subsidiary of utility Northern Indiana Public Service Company (NIPSCO) has struck a deal with Amazon to construct 3GW of new dispatchable capacity, with the aim of serving the tech company’s planned data center expansion.
PJM has awarded 23 battery energy storage system (BESS) resources, totalling 2.2GW, with interconnection agreements (IAs) in its first transition cycle (TC1) of the reformed interconnection process.
