The world’s largest lithium-ion company CATL has released its Q3 results, with revenue growth recovering from the previous period but its market share ‘somewhat impacted by capacity constraints’, a company executive said.
Repurposing EV battery packs and modules into BESS obviously has environmental benefits, but challenges around pricing, performance and safety remain, panellists at an industry event in London said last week.
Battery recycling firm Livium, via its wholly owned subsidiary, Envirostream Australia, has broadened its recycling deal with BYD Australia to include battery energy storage systems (BESS).
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.
Second life energy storage firm Stabl has raised €15 million, while its CEO told Energy-Storage.news the second life market will “struggle with the deteriorating performance of their systems in the coming years”.
EV and energy storage giant Tesla saw a slight quarter-on-quarter dip in energy storage deployments in Q2 to 3.7GWh, although annual growth was strong at 222%.
New company Allye Energy has raised £900k (US$1.1 million) to scale up production of its mobile battery energy storage system (BESS) using second life EV batteries.
