The cost of Lithium-ion battery packs has fallen close to 90%, and rates lower than US$100/kWh have been reported for the first time, foreshadowing rapid declines across the energy storage market.
A number of projects have been announced in the past couple of weeks highlighting the link between the stationary energy storage space and electric cars – aka “batteries on wheels”.
Energy storage company Moixa, together with automotive giant Honda, have launched a vehicle to grid (V2G) project at Islington Town Hall that will help to provide constraint management for the building, as well as facilitate a switch to electric vehicles.
Acquisition feeds into the inverter and smart energy company’s overall ‘masterplan’ to involve itself in the full gamut of distributed and clean energy market segments.
Pivot Power, a UK company targeting the development of 2GW of lithium battery energy storage to be rolled out together with a network of EV chargers, has had the first of its network of energy storage projects approved by a local authority.
There will be no benefit to basing home energy storage systems on automotive batteries, in the medium or long term, a representative of Mercedes-Benz Energy has said.
Intended to “kick start concrete projects”, the European Commission is set to allocate a further €200 million (US$235.53 million) towards supporting the scale-up of lithium battery manufacturing on the continent.
Energy storage battery and system maker Leclanché will pilot the use of stationary energy storage to support fast charger networks for electric vehicles (EVs) in Holland.
