The energy storage market is poised for strong growth over the next decade and opportunities are likely to emerge for alternatives to lithium-ion that offer longer durations of storage, but three key challenges remain for those technologies.
Northvolt has now raised over US$3 billion to support its plans to become a major player in the European battery manufacturing space, including US$1.6 billion in debt financing which it announced today.
What will the impact of COVID-19 be on the energy storage market? And how best to learn to adapt to whatever the ‘next normal’ will be? Florian Mayr at cleantech advisory and consultancy group Apricum examines the bigger picture of “energy storage vs the virus”.
With Brexit day less than a month away and still no certainty around what the final deal will look like, the time is now for the energy storage sector to prepare for every eventuality so it can play to its increasing strengths, writes Stephen Irish, co-founder of Hyperdrive Innovation.
Automotive Energy Supply Corporation (AESC) and NEC Energy Devices, the Nissan Motor Co’s electric battery business jointly operated with NEC Corporation, and NEC Corporation’s own lithium-ion battery business respectively, have been sold to China’s Envision.