Lithium-ion energy storage manufacturer Leclanché saw revenue of around CHF28 million (US$28.89 million) through H1 2016, up 65% year-on-year, according to the firm’s interim results for the half year ending 30 June 2016.
GCL Systems Integration is poised to sink US$24.3 million into new lithium battery factory in China’s Jiangsu province.
US-based Storage provider AES Energy Storage has made significant expansions away from established markets into relatively untapped regions across the globe.
Saft is doubling its production capacity with a new Chinese facility, UK energy minister Amber Rudd visited Cumulus Energy Storage and Tesla in California, Fluidic Energy to provide smart grids and storage in madagascar
Germany-based inverter firm SMA Solar technology has qualified lithium-based energy storage systems from commercial battery system provider Tesvolt for use with SMA’s Sunny Island battery inverter.
Korean firm Kokam has supplied two lithium nickel manganese cobalt (NMC) oxide batteries to utility Korea Electric Power Corporation (KEPCO) for frequency regulation on the South Korean grid.
DNV GL’s new recommended practice guidelines for grid-connected energy storage systems is aimed at “reducing risks” for investors and the wider community, the document’s lead author has said.
Globally, energy storage is developing rapidly. Businesses that are shaping the market are being asked to nominate themselves to join the Energy Storage 100, a new industry initiative from Energy Storage News’ publisher, Solar Media.
Production and deliveries of Tesla’s stationary storage systems have now begun, while a company spokesman said it welcomes new competitors such as Faraday Future to the EV space – in line with Tesla’s stated values to accelerate clean energy deployment.
Energy storage is already competitive in a number of mainly grid-based applications, while lithium-ion battery prices could fall by as much as 50% in the next five years, financial advisory and asset management firm Lazard has found.
