The company behind what looks set to be Norway’s first gigawatt-scale manufacturing facility for lithium-ion battery cells has secured pre-construction financing of NOK130 million (US$13.85 million) which it said will “enable rapid development” of the plant.
A key committee of Members of the European Parliament (MEPs) has voted overwhelmingly to thrust energy storage into the heart of the continent’s decarbonisation agenda, while trade group EASE has urged the EU to raise its targets on 2030 emissions reduction.
Germany-headquartered battery manufacturer Varta will receive €300 million (US$338 million) of government funding to develop large format lithium-ion cells, which has been deemed a project of potentially strategic interest for Europe.
V2G can significantly reduce energy system greenhouse gas emissions, as well as ensure resilience in the event of power outages and prolong the battery life of an EV, according to a review of nine projects across Europe.
Portugal has now fired the starting pistol of a solar tender it had been forced to delay by the COVID-19 crisis, amid plans to declare the winners by the end of the summer.
Analysis firm Wood Mackenzie has held onto its forecast that the US will deploy around 7GW of energy storage annually by 2025 and found that 97.5MW / 208MWh of storage was installed during the first quarter of this year.
Portugal plans to kickstart next month the solar tender it had postponed as the country began its campaign to contain the COVID-19 emergency, the government has confirmed.
Solar-plus-storage projects on France’s overseas territories are on course to add around 200MWh to global battery storage deployment figures, with the latest power plant just completed by independent renewable energy producer Albioma.
Why have battery energy storage and solar-plus-storage become such a key part of the US energy industry in a way that they have not in Europe, as yet? Corentin Baschet at technical consultancy and market analysis firm Clean Horizon took some of our questions.
