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.

LG Energy Solution, the battery technology arm of South Korea’s LG Group, has completed its acquisition of 100% ownership in battery energy storage system (BESS) integrator NEC ES.

Supply chain shocks are causing short-term rises in the price of lithium-ion battery packs, but overall the price trend is downward and by 2024 average prices could dip below US$100/kWh.

BloombergNEF (BNEF) has ranked China #1 among the countries of the world most involved in the lithium-ion battery supply chain in 2020, with Japan and South Korea in second and third place respectively.