LG Energy Solution will build a cell factory with 16GWh of annual production capacity dedicated to the stationary energy storage market.

“Overall we are very happy with the direction of the budget,” says Dr Rahul Walawalkar, president of the India Energy Storage Alliance (IESA).

Lithium-ion battery pack prices have gone up 7% in 2022, marking the first price rise since BloombergNEF began its surveys in 2010.

Sherif Abdelrazek from energy storage software company Storlytics on one of the major challenges still faced in the BESS space.

LFP batteries from CATL and Narada are among those ranked highest performance for stationary energy storage in DNV’s new ‘Battery Scorecard’.

KORE Power will provide batteries for a 20MWh battery storage project under development between ABB and UK green energy supplier Ecotricity.

President Joe Biden’s recent invocation of the Defense Production Act of 1950 could help solve supply chain issues, but only over the longer term. 

Northvolt intends to build its third gigafactory in Schleswig-Holstein, Germany.

Energy storage system integrators are diversifying their procurement strategies to ease supply chain constraints.