The new edition of the Battery StorageTech Bankability report reveals an increasing number of competitive providers, writes PV Tech Research analyst Charlotte Gisbourne.
The US Treasury and Internal Revenue Service (IRS) have finalised the rules and process for the 45X advanced manufacturing tax credit, which effectively provides a subsidy to domestic clean energy technology manufacturing, including batteries.
US firm Natron Energy has announced plans for a sodium-ion gigafactory in North Carolina, while two Chinese firms have firmed up their projects, all-in-all totalling over 30GWh of annual sodium-ion production capacity.
Some of the current market prices for lithium-ion batteries are below cost and will not last forever but Europe still needs to be more cost-competitive, the CEO of one of Europe’s first large-scale manufacturing facilities told Energy-Storage.news.
Lawyers from Herbert Smith Freehills discuss the challenges for the nascent European gigafactory ecosystem in light of heavy competition from the US and China, alongside the role that energy storage system (ESS) demand will play.
More detailed proposed regulations around the US government’s 45X tax credit for domestic clean energy manufacturing have been released, clarifying what battery components and materials qualify.
Northvolt intends to use its vertical European supply chain to differentiate itself in a ‘fiercely competitive’ energy storage market, executives said.
The US now has a larger pipeline of lithium-ion manufacturing projects than Europe, according to Clean Energy Associates (CEA) and Benchmark Mineral Intelligence.
Mobile battery energy storage system (BESS) firm Moxion has announced plans to build a manufacturing plant in California with 7GWh of production capacity, in a launch ceremony attended by the state governor.
Europe needs to act now to prevent an outflow of investment from its burgeoning battery manufacturing ecosystem in light of the US’ Inflation Reduction Act, the EU-founded European Battery Alliance (EBA) has said.
