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.
NREMC, a rural utility cooperative in Indiana, has just announced that it is deploying 108MWh of battery storage in a five-year project with energy storage technology and solutions provider FlexGen.
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.
Swell Energy, a provider of distributed energy storage systems headquartered in Southern California, is seeking to develop four virtual power plants (VPPs) by mid-2023, through aggregating 100MW of solar PV with 200MWh of battery storage capacity at customer sites.
A new strategic plan putting the New York Power Authority (NYPA) on the path to 100% carbon-free electricity by 2035 – five years earlier than the target set out in the US state’s policy goals – has been approved by the state public power organisation’s Board of Trustees.
Ensuring high quality levels in the manufacturing of lithium-ion batteries is critical to preventing underperformance and even safety risks. Benjamin Sternkopf, Ian Greory and David Prince of PI Berlin examine the prerequisites for finding the ‘sweet spot’ between a battery’s cost, performance and lifetime.
US energy storage safety expert advisory Energy Storage Response Group (ESRG) was created through a meeting of minds from the battery industry and fire service. Andy Colthorpe speaks with ESRG principal Nick Warner and business manager Ryan Franks on what the industry needs to do to win the trust of firefighters, code officials and other stakeholders including banks and insurers.
A new three-year project allowing residential solar and batteries to trade electricity and grid services in Victoria, Australia, is aimed at creating a replicable model marketplace that could be widely expanded across the country.
