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.

UGL has been selected to design, test and commission a BESS which will provide power for BHP’s iron ore port in Western Australia.

Battery OEM Rept Battero, part of metals firm Tsingshan Industry, has tied up with Energy Vault a few weeks after it agreed a smaller deal with Powin.

Masdar has signed a joint development agreement (JDA) with the Uzbekistan government to develop more than 2GW of solar and wind projects.

Samantha McGahan of Australian Vanadium on the electrolyte, which is the single most important material for making vanadium flow batteries.

Japan’s Marubeni Corporation working with Vietnamese battery and energy-as-a-service provider VinES to develop energy storage facilities.

Canadian Solar shipped just 18MWh of energy storage in the first three months of the year, while growing its contracted revenues for the segment to US$1.3 billion.

A tender will open in a few days’ time under NSW’s electricity system roadmap through which 550MW of long-duration storage could be procured.

Global battery energy storage system (BESS) integrator Powin has selected South Korea-based ACE Engineering as a contract manufacturer for a portion of its Waratah Super Battery in New South Wales, Australia.

Charley Grimston from battery storage insurance firm Altelium compares the sector’s development with the early stage of the wind market.