A new joint venture (JV) is evaluating building battery cell gigafactories in the US, based on advanced lithium-ion technologies, formed by investor Koch Strategic Platforms and manufacturer FREYR Battery.
Funding has been raised towards the execution of two battery energy storage projects in Virginia and Texas with a total capacity of 400MW / 1,400MWh, from a partnership of two investment groups and a power project development company.
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.
Launches of a new “allstar” commercial energy storage system and a large-scale storage solution designed to be moved from one site to another with ease demonstrate the changing needs of customers for versatile and flexible energy storage options.
Energy company Total and solar-plus-storage developer 174 Global, a division of Hanwha Group, have formed a joint venture to develop utility-scale solar and storage projects with a total capacity of 1.6GW in the US.
Indiana’s solar capacity is set to surge in the next three years as the state’s second-biggest utility unveils plans to develop three large-scale PV projects, two of which will include battery storage.