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. 

This sponsored webinar with HMS Networks looks at how to intelligently connect battery energy storage systems (BESS) to the grid.