A subsidiary of Russian state-owned nuclear technology and electric utility company Rosatom, will establish domestic lithium-ion battery cell and manufacturing facilities, following a deal to acquire 49% of South Korean company Enertech International.
The energy storage system integration division of Wärtsilä Corporation will deploy a large-scale floating battery energy storage system for a thermal power facility in the Philippines.
The latest edition of PV Tech Power – PV Tech Power 26 – is now available to download, including Storage & Smart Power, the section brought to you by Energy-Storage.news.
LG Energy Solution, formerly known as LG Chem, is offering free replacements to customers for some of its battery energy storage systems sold in Australia due to potential defects that could cause overheating.
Australia’s Clean Energy Finance Corporation (CEFC) has invested AU$160 million (US$127.6 million) in a 300MW battery storage project near Geelong, Victoria.
The energy storage market is poised for strong growth over the next decade and opportunities are likely to emerge for alternatives to lithium-ion that offer longer durations of storage, but three key challenges remain for those technologies.
Update 2 March 2021: A Trina Storage representative contacted Energy-Storage.news to highlight that while the company is building out production capacity for lithium iron phosphate (LFP) battery cells for stationary energy storage, the major focus of the newly-launched division is on providing full integrated battery energy storage system (BESS) solutions to the renewables and grid storage markets.
Pylontech has said it will have 4GWh of battery energy storage system manufacturing facilities in operation within three years, after it raised around US$300 million from listing on the Shanghai Stock Exchange.
Analysis and research firm IHS Markit has predicted that over 10GW of new energy storage will be deployed during this year, with around half of those additions in the US market.
