The US energy storage market’s rapid growth is going to lead to scrambles for available battery supply, leading many to consider alternative technologies to lithium-ion.

Supply chain constraints impacting the energy storage industry have come at a “critical” stage for the sector’s development, a BloombergNEF analyst has said.

LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.

Australia’s Clean Energy Council calls for an energy storage target, while arguing that a plans for a capacity mechanism should be scrapped.

Rising demand for batteries, largely coming from the electric vehicle (EV) sector, means raw materials prices continue to be volatile.

The US battery storage market is struggling to adapt to rising raw materials costs and has reached a “crisis point”.

Experts from LCP, Apricum and law firm CMS look at the development of financing and investment in UK battery storage.

Australian energy retailer Origin Energy intends to build a 700MW battery storage system on the site of a coal power plant for which it has brought forward a planned retirement date by seven years. 

Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts.

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.