LG Energy Solution will use proceeds from its initial public offering (IPO) this month to feed into growing the company’s manufacturing capacity significantly in Europe, the Americas and Asia.

The largest battery energy storage system (BESS) project in the Netherlands so far will also be Europe’s first large-scale grid storage project to use lithium iron phosphate (LFP) battery technology.

Supply chain shocks are causing short-term rises in the price of lithium-ion battery packs, but overall the price trend is downward and by 2024 average prices could dip below US$100/kWh.

Three recent interesting steps forward on lithium battery sustainability, a growing concern and area of interest for the clean energy sector. 

Energy storage technology company Tesvolt has concluded a funding round, raising around €40 million (US$45.25 million) in equity capital.

The 2020s are “the energy storage decade,” and the world will surpass a terawatt-hour of installations by the time they are over, according to predictions made by analysts at BloombergNEF.

Hitachi Energy has launched a improved and new versions of its PowerStore battery energy storage system (BESS) products, alongside other new and updated products and services in its Grid Edge Solutions portfolio. 

Research firm IHS Markit has said that 2021 marks the start of a continued period of rapid growth for the global energy storage industry, forecasting more than 12GW installations in total this year.

Energy-Storage.news proudly presents this sponsored webinar with energy intelligence group Curation, looking at the exciting but challenging work that goes into following and forecasting the costs of batteries.

India’s biggest grid-scale battery storage system to date received a visit from Delhi government minister Satyendar Jain, who emphasised the urgent need for energy storage to stabilise the grid and incorporate higher shares of renewable energy sources.