The amount invested in energy storage soared globally during 2023, while battery manufacturing will require the biggest share of spending among clean energy technologies by 2030 to achieve net zero.
Global demand for batteries for energy storage system (ESS) applications will grow 30% during this year, with the US leading the charge, LG Energy Solution has predicted.
The new system integrator arm of South Korean battery and storage system manufacturer LG Energy Solution has already racked up 10GWh of project orders in the US.
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.
Cost and availability of raw materials is the biggest among a number of challenges that must be addressed if US-made products will be able to meet demand for battery storage in the country.
“We think this is the first battery cell which is designed from the end users’ point of view, based on how they want to use it,” EVE Energy’s head of energy storage Steven Chen says.
Volvo Energy, part of the automotive and engineering company Volvo Group, and UK-based second life BESS firm Connected Energy have signed a letter of intent to jointly develop a BESS solution.
