Geothermal and battery storage firm Ormat Technologies and lithium-ion manufacturer Gotion have agreed a multi-year supply deal totalling up to 750MWh.
Fastmarkets analysts Muthu Krishna and Phoebe O’Hara look at the potential of solid-state and sodium-ion batteries to scale up and ease the pressure on lithium-ion NMC and LFP battery chemistries, which currently dominate the EV and ESS markets.
Verkor, a company building a lithium-ion gigafactory in France, and system integrator Nidec ASI will together produce up to 10GWh of battery energy storage systems (BESS) to 2030.
Advanced lithium iron phosphate (LFP) cell design and localising production are among chief strategies for differentiation in the US for LG Energy Solution, according to the company’s ESS division head.