Battery energy storage systems (BESS) cost base has increased 25% in the past year, the head of storage for global energy technology group Wärtsilä told Energy-Storage.news.
Cellcube has signed a five-year agreement with an energy asset developer to deploy 1GW-plus of its vanadium redox flow batteries (VFRBs) in Southern Africa, but CEO Alexander Schoenfeldt tells Energy-Storage.news the company’s supply chain has a long way to go before getting to that kind of number.