A close look at Energy Superhub Oxford, which features the world’s biggest lithium-vanadium hybrid battery storage plant.

A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage system (ESS) market will start production in Q4 2022.

EU-supported European Battery Alliance (EBA) will roll out a newly updated action plan to enable 90% of the Union’s demand for batteries to be met with domestically made products by 2030.

EV batteries made by Mercedes-Benz will be given a new lease of life in stationary energy storage systems (ESS). 

News in brief from around the world in energy storage, this time with a distinctly UK flavour.

The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, according to forecasting by BloombergNEF.

The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.

Insurance is a cornerstone of de-risking financing and investment into energy storage

Sungrow has announced a new partnership with Statera Energy, to supply a 362MW/391MWh energy storage project in the UK.

ABB will provide technical expertise for a lithium extraction facility in Portugal which targets zero emissions status by 2030.