Update 21 August 2020: A representative of Capital Dynamics contacted Energy-Storage.news with additional information on the sizing and capacity of the projects.
As demand for lithium-ion batteries from the solar energy industry grows, high standards of manufacturing processes are as important as cell design and materials, representatives of PI Berlin have said.
The UKs largest council-owned battery storage site, the 30MW Fideoak Mill site, is now fully operational and able to participate in delivering multiple revenue-generating services.
While energy storage is still a small part of their respective businesses overall, recent quarterly financial reports from US-based geothermal company Ormat and standby generator maker Generac emphasised expectations of market growth going forwards.
AES Corporation reaffirmed its 2020 financial guidance in presenting its latest quarterly results, which showed a total backlog of renewables and energy storage contracts of 6.2GW, while the company said it will reduce generation from coal to less than 30% of its total capacity by the end of this year.
Germany company Voltstorage, claiming to be the only developer and maker of home solar energy storage systems using vanadium flow batteries, raised €6 million (US$7.1 million) in July.
Lithium battery cells will be rolling off a production line at a 16GWh-capacity factory in France in 2023, with manufacturing startup Verkor then planning to scale up to 50GWh “in line with market dynamics”.
Northvolt has now raised over US$3 billion to support its plans to become a major player in the European battery manufacturing space, including US$1.6 billion in debt financing which it announced today.
