The early numbers on the benefits of the Energy Superhub Oxford’s combination of lithium-ion and vanadium flow batteries are “encouraging”, project owner EDF Renewables told Energy-Storage.news in an interview one year one from its launch.
Second life energy storage firm Stabl has raised €15 million, while its CEO told Energy-Storage.news the second life market will “struggle with the deteriorating performance of their systems in the coming years”.
The Regulatory Authority for Energy (RAE) of Greece has chosen the 12 winning projects of a recently-launched tender, with 411MW of battery storage capacity to receive financial aid over a 10-year period.
Kraftblock, a thermal energy storage startup based in Germany, and Australia’s MGA Thermal have secured funding to accelerate their technologies’ scale-up and commercialisation.
Global battery storage system integrator Fluence raised its full-year guidance again after a strong third quarter, while revealing battery cell orders with AESC and Northvolt.
Energy Vault has secured a US licensing deal for its gravity energy storage technology and awards covering its other technologies there and in Southeast Asia, it said in its Q2 results.
Around 16GW of battery energy storage system (BESS) projects got preliminary registration for this year’s capacity market auction in Poland, developer Hynfra told Energy-Storage.news.
Concern has been raised by the industry about battery storage consistently being overlooked in the UK’s Balancing Mechanism (BM), as the sector’s average revenues plummeted in the first half of 2023.
The lithium industry needs US$116 billion of investment to achieve the 5.7x ramp-up in production needed for 2030 decarbonisation goals, and prices may remain ‘tight’ in the coming years.
