Cell manufacturing overcapacity and intense competition contributed to an 8% decline in the average cost of lithium-ion battery packs, according to BloombergNEF.
In the rapidly growing but still relatively new battery energy storage sector, equipment procurement and integration for large projects presents numerous risks.
We hear from Aqua Metals, a company with a novel lithium-ion battery recycling technology it claims is cheaper and more sustainable to commercialise than conventional methods, discussing its tech, the energy storage market and fluctuating metals prices.
Fastmarkets analysts Muthu Krishna and Phoebe O’Hara look at the potential of solid-state and sodium-ion batteries to scale up and ease the pressure on lithium-ion NMC and LFP battery chemistries, which currently dominate the EV and ESS markets.
