Iron flow battery company ESS Inc will provide Nigeria-based IPP Sapele Power 1MW/8MWh of its systems, it announced while also revealing its first quarter financials.
Here’s news in brief from around the world in energy storage with liquid metal battery maker Ambri, a German government-funded sodium-ion initiative, and ESS Inc’s iron flow battery project at Amsterdam.
ESS Inc ended 2022 with nearly 800MWh of annual production capacity for its iron flow battery, although had a relatively poor last financial quarter with just US$15,000 in revenue.
Malaysia-based Reservoir Link has signed a memorandum of understanding (MOU) with an unnamed US-based ‘Iron Flow Long Duration Energy Storage provider’, while ESS Inc tells Energy-Storage.news it is ‘actively exploring’ opportunities in Reservoir Link’s markets.
Lithium-ion will struggle to compete at long durations and its price declines cannot continue forever, said Alan Greenshields, Director EMEA for iron electrolyte flow battery supplier ESS Inc, in a rebuttal to an earlier Energy-storage.news article on the topic.
Long duration energy storage (LDES) technologies may have a difficult time competing with lithium-ion over the next decade as the latter’s cost-competitiveness at longer durations increases, possibly even to 24 hours, according to Haresh Kamath, Electric Power Research Institute (EPRI).