Demand for batteries in India will rise to between 106GWh and 260GWh by 2030 across sectors including transport, consumer electronics and stationary energy storage, with the country racing to build up a localised value chain.
An order worth US$14 billion placed by carmaker Volkswagen with lithium-ion battery manufacturer Northvolt will have a “significant” impact on the stationary energy storage market, a spokesman for Northvolt has said.
It will be in the interests of more or less everybody involved in the “broader lithium-ion battery supply chain” to establish effective recycling ecosystems, according to an analyst with IHS Markit.
Just over US$28 million has been awarded by the US Department of Energy to projects that could deliver energy storage durations of up to 100 hours, while also committing US$120m to the Joint Center for Energy Storage Research (JCESR).
ESS Inc, US maker of the only flow battery that uses a battery chemistry based on iron and saltwater electrolytes, is making its first incursion into the Brazilian energy storage market.