Independent Power Producer (IPP) Innergex Renewable Energy has ordered two battery energy storage system (BESS) projects from Mitsubishi Power Americas for co-located sites in Chile, South America.
Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030.
Norwegian lithium-ion gigafactory startup FREYR Battery could easily dedicate half of its 2030 production capacity target of 100 GWh to energy storage and is also launching a system integrator play, CEO Tom Jensen tells Energy-Storage.news in an interview.
China’s share of the lithium-ion battery cell production capacity market is set to fall from 75% in 2020 to 66% in 2030, according to Clean Energy Associates in a new report.
Pandemic-related supply chain issues for lithium battery materials hitting the energy storage space are just “bumps in the road” for the sector, and the supply chain will “come out stronger because of it”.