Supply chain shocks are causing short-term rises in the price of lithium-ion battery packs, but overall the price trend is downward and by 2024 average prices could dip below US$100/kWh.
The Democratic Republic of Congo (DRC) supplies most of the world’s cobalt, but exporting semi-finished or finished products rather than raw materials would better help the country capture the value of the metal used in high power lithium-ion batteries.
Annual residential battery storage installations in Europe passed the 100,000 mark for the first time ever in 2020, reaching a cumulative total of 3GWh capacity.
The success in a recent capacity market auction of large-scale battery energy storage system (BESS) projects in Belgium is a sign of the European country’s energy storage market maturing, Energy-Storage.news has heard.
Long-duration energy storage has a crucial role to play in decarbonising the global energy system sufficiently to avoid catastrophic climate change as long as its value can be unlocked.
A new document outlines how Canada can reach its national goal of achieving net zero emissions by 2050, but only if the regulatory and policy landscape is radically altered to enable the massive buildout of wind, solar and energy storage.
Enel X, one of the winners of contracts tendered by Italy’s transmission operator to provide fast response frequency reserve to the grid, has contracted Fluence to supply two battery energy storage system (BESS) solutions.
The 2020s are “the energy storage decade,” and the world will surpass a terawatt-hour of installations by the time they are over, according to predictions made by analysts at BloombergNEF.
Horizon Power, an electricity supplier owned by the state government of Western Australia has begun commissioning community battery storage to allow nine remote towns to use more rooftop solar power.
Battery capacity has started to come online at what is claimed to be the world’s largest project to combine solar PV and battery storage at the same site, in California.
