Analyst Oliver Forsyth from IHS Markit explains exactly how things are changing in BESS system integration.

Northvolt has agreed to acquire a site in Sweden where it will develop its planned gigafactory, capable of producing 100GWh of cathode materials.

ron flow battery provider ESS Inc has revealed a US$477 million net loss in 2021, in its first full-year results since becoming a publicly-traded company on the New York Stock Exchange (NYSE). 

The award of contracts to 1GW of battery storage was the “biggest news” to emerge from the latest round of Capacity Market auctions held in the UK.

Although different energy storage technologies are often thought of as in competition with each other, it’s a case of all-hands-on-deck if we are to achieve deployment targets.

A number of core challenges remain for lenders in the energy storage market, not least the relative nascency of it.

Although huge amounts of capital are being deployed into storage, some investors speaking at the Energy Storage Summit 2022 made it clear that the investment model is still set to evolve hugely. 

Pandemic-related supply chain issues for lithium battery materials hitting the energy storage space are just “bumps in the road” for the sector, and the supply chain will “come out stronger because of it”.

Fluence’s artificial intelligence-driven bidding platform will optimise large-scale wind and solar assets in Australia for Telstra Energy. 

Standalone storage, demand from commercial and industrial (C&I) customers and new types of grid services will increasingly help drive growth in energy storage in the coming years, but the future mix between battery-based and alternative storage types is still unclear.