Ford Motor Company’s entry into the “fiercely competitive” energy storage market is a “big strategic pivot,” but one that makes sense, ESN Premium has heard.

Global average prices for turnkey battery storage systems fell by almost a third year-over-year, with sharp cost declines expected to continue.

South Korea’s Samsung SDI has signed its first US lithium iron phosphate (LFP) cell deal, while Chinese integrator Trina Storage has expanded an existing supply partnership.

Cell manufacturing overcapacity and intense competition contributed to an 8% decline in the average cost of lithium-ion battery packs, according to BloombergNEF.

ESN Premium speaks with Mukesh Chatter of Alsym Energy about the potential advantages of sodium-ion energy storage.

The US development arm of Milan, Italy-headquartered developer Nadara has encountered a setback in its pursuit of a 200MW hybrid BESS destined for Arizona.

On 4 September, US Immigration and Customs Enforcement (ICE), along with multiple other law enforcement organisations, raided Hyundai Motor and LG Energy Solution’s electric vehicle (EV) battery cell plant in Ellabell, Georgia, US.

US utility Xcel Energy plans to build the Midwest’s largest battery energy system (BESS) facility at the Sherco Energy Hub in central Minnesota, US.

LG Energy Solution and Stellantis’ joint venture (JV), NextStar Energy, Canada’s first large-scale lithium-ion (Li-ion) battery manufacturing plant, is expanding to produce energy storage system (ESS) batteries.

Production has begun at a battery energy storage system (BESS) factory designated as a project of strategic importance by the European Commission (EC) due to its use of local supply chains.