The cost of Lithium-ion battery packs has fallen close to 90%, and rates lower than US$100/kWh have been reported for the first time, foreshadowing rapid declines across the energy storage market.
Google is investing in battery energy storage to serve as a backup power solution at one of its data centres, in a project described as a first step in changing data centres “from climate change problems to critical components in carbon-free systems”.
A 100MW battery storage facility in Co. Offaly in Ireland has this week been energised, having been developed as part of a partnership between local developer Lumcloon Energy and South Korea’s Hanwha Group.
The first of Spain’s new clean energy auctions is set to take place next month, in a pay-as-bid system that the government said “will be compatible with energy storage”.
The European Union (EU) looks set to introduce the “most extensive product legislation in the world for batteries,” but its potential shortcomings include the risk that battery prices could go up and that established manufacturers from Asia might be better positioned to benefit from the rules than the new European value chain.
The latest edition of PV Tech Power – PV Tech Power 25 – is now available to download from the PV Tech Store. Volume 25 of our downstream solar journal tackles a number of the most pressing topics in utility-scale solar development today and includes Storage & Smart Power, the section contributed to every edition by the team here at Energy-Storage.news.
Lithium battery technology is rapidly enabling the electrification of transport, and of the energy sector. However, batteries themselves can often be seen as a short-lived commodity and as yet, recycling and reuse have not become major priorities in the industry. Dr Amrit Chandan, CEO of UK-headquartered Aceleron Energy discusses what it means to build a circular economy around advanced lithium-ion batteries, designed with longer lifetimes and their repurposing for second-life use in mind.
The award of contracts to battery storage developers in a recent auction by Italy’s transmission system operator proves the technology’s competitiveness in providing grid services once again, an analyst has said.
A €105 million (US$127.6 million) push to develop low-cost, environmentally-friendly lithium-ion battery technology by Sunlight, a designer and manufacturer of batteries headquartered in Greece, will receive €49.9 million in grant funding.
Italy’s transmission system operator Terna has awarded five-year contracts for battery energy storage systems (BESS) to provide Fast Reserve grid services in an oversubscribed pilot auction.
