Anita Li, vice president of Jinko ESS, reflects on a ‘transformational year’ in which the energy storage arm of the vertically integrated solar manufacturer continued to expand.
South Korea’s Samsung SDI has signed its first US lithium iron phosphate (LFP) cell deal, while Chinese integrator Trina Storage has expanded an existing supply partnership.
Cell manufacturing overcapacity and intense competition contributed to an 8% decline in the average cost of lithium-ion battery packs, according to BloombergNEF.