Morrow Batteries, one of several startups committed to producing lithium-ion batteries at gigawatt-hour scale from factories in Scandinavia, has secured a 5.5GWh offtake deal.
The Britishvolt saga and any potential for a lithium-ion gigafactory at the Northumberland, UK site looks to be over after US private equity firm Blackstone acquired it to set up a data centre.
The BESS industry is looking at ways to leverage the 45x tax credit for domestic cell manufacturing in the US, with the domestic content investment tax credit (ITC) bonus still unclear.
Battery manufacturer LG Energy Solution has started construction on its gigafactory in Arizona, US, which will have 17GWh of production dedicated to the energy storage system (ESS) market.
Big investments are being made into the battery recycling sector in Europe as the continent looks to increase the domestic supply of critical materials for its lithium-ion gigafactory projects.
Executives from Northvolt discussed the gigafactory company’s ramp-up after a slow 2023 and how the company intends to be competitive in the global market, as well as cell technology, recycling, sourcing from China and an eventual IPO.
The COO of one of the few energy-storage focused lithium-ion gigafactory companies in Europe, Morrow Batteries, talked to Energy-Storage.news about the firm’s go-to-market strategy and what the future holds for Europe’s gigafactory space.
The EU is ‘stepping up its game on battery gigafactories’, European Commission executive VP Maroš Šefčovič said at the Giga Europe conference today (12 March).
Despite geopolitical unrest, the global energy storage system market doubled in 2023 by gigawatt-hours installed. Dan Shreve of Clean Energy Associates looks at the pricing dynamics helping propel storage to ever greater heights.
