Microvast is receiving more purchase orders from the US energy storage market than it can produce, the battery cell, pack and energy storage system manufacturer has said.
The lithium industry needs US$116 billion of investment to achieve the 5.7x ramp-up in production needed for 2030 decarbonisation goals, and prices may remain ‘tight’ in the coming years.
More news in brief from around the world in energy storage, featuring vanadium redox flow batteries (VRFBs), bankruptcy for a thermal storage startup and a new integrated lithium tech.
Presenting the most-read news stories on Energy-Storage.news for the first half of 2023, including policy, technology and market developments shaping the industry.
Scaling up net zero-enabling battery storage technologies will require financiers and investors to share risks with developers, such as those over supply chain.
