While recycling of lithium and other materials such as cobalt from batteries will greatly increase in the coming years, the potential availability of second life batteries should not be underestimated, according to new research and data.
KORE Lithium Technologies Inc (KORE Power), a US headquartered manufacturer of nickel manganese cobalt (NMC) battery racks for the utility-scale stationary energy storage market, has retained renewable energy investor CohnReznick Capital as its Investment Bank of Record.
We talk about how solar and storage can be competitive with fossil fuels, how Solaredge is maintaining its own competitive advantage as well as some exclusive inside info on the company’s forthcoming residential battery energy storage systems.
A recycling process for lithium-ion batteries already up and running, by Finnish state-owned energy services company Fortum could make dramatic reductions in their environmental footprint, the company has said.
LG Chem, IBM and Ford Motor Company have joined an effort to increase the transparency of supply chains for cobalt used in batteries – referred to by some as the ‘Blood Diamond’ of the energy and tech sectors.
US-based energy storage technology provider Powin Energy has claimed it has a pipeline close to 500MWh of projects under contract, including recent awards totalling 70MWh for customers in North and Central America and in Italy.