China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry.
A seasonal heat storage plant which will have a capacity of about 90GWh looks set to begin construction next year in Vantaa, Finland, with water stored in underground caverns heated to 140°C using renewable energy and waste heat.
The stationary energy storage system (ESS) industry will be a significant source of lithium-ion batteries that can be recycled and reused, the head of Finnish state-owned energy company Fortum’s battery business line has said.
A grid-scale battery storage system will be built at the site of a nuclear power plant in Finland, providing backup in the event of disruption to grid supply.
Independent renewable energy asset producer Neoen will build a 30MW / 30MWh grid-connected battery energy storage system (BESS) in Finland to help integrate the growing capacity of local wind energy.
European Commission greenlights €3.2bn research plan by seven major states to turn continent into global battery hub even as it signals it is ready to block imports on environmental grounds.
