After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.
Battery storage system integrator FlexGen and battery manufacturer Hithium could be supplying each other with complementary technologies for large-scale battery energy storage system (BESS) projects.
The automotive component manufacturing unit of India’s Tata Group has supplied BESS units to an energy storage park under construction by Tata Power.
UK-headquartered developer-investor Zenobē Energy and US recycling specialist Redwood Materials made the biggest VC-funded deals for energy storage companies in the first nine months of 2023.
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.
Solar Module Super League (SMSL) member JinkoSolar is supplying large-scale battery energy storage systems (BESS) to customers in Nigeria and Japan, totalling 20MWh of combined capacity.