China-based lithium-ion battery manufacturer Hithium has agreed to supply 1GWh of products to US energy storage project developer Perfect Power through a memorandum of understanding (MOU).

Investment in energy storage in the US has gradually built up momentum, but what will really take it into the mainstream – and when? A panel of financiers discuss their opinions and experiences in this panel session.

Gatekeepers of the electric grid – and electricity markets – in the US discuss the primary challenges facing energy storage and reveal what their organisations are doing to unlock the true value of batteries and other storage.

The Americas region is on track to leapfrog Asia-Pacific in terms of deployed energy storage by 2025, before accounting for more than half of global capacity by the end of the decade, new analysis from Wood Mackenzie suggests.

California’s goal of reaching 100% emissions-free retail electricity by 2045 is achievable, but will require huge deployments of long-duration energy storage, especially from 2030 onwards.

While interconnection queues for America’s electric transmission and distribution operators are “swelling up” with growing numbers of energy storage projects, some of the big challenges ahead include enabling fair market participation for both standalone storage and storage paired with generation.

The opening up of independent system operator (ISO) services as a result of FERC 841 has led to a “huge difference” in storage dispatch strategy for merchant markets with concurrent bidding now the typical strategy.

The challenges of explosion prevention – with flammable gases needing to be vented “very rapidly” – in the event of a battery fire have been highlighted at this week’s Energy Storage Summit USA.

The energy storage industry should be well prepared to deal with failure in lithium-ion battery systems so that thermal runaway in a single battery cell never becomes a fire or explosion.