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.

The Democratic Republic of Congo (DRC) supplies most of the world’s cobalt, but exporting semi-finished or finished products rather than raw materials would better help the country capture the value of the metal used in high power lithium-ion batteries.

Canadian Solar subsidiary CSI Solar has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will focus on energy storage and renewable energy technology.

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

News in brief from around the world in energy storage.

Stem Inc has reported a year-on-year revenue increase of 334% and its first-ever quarter with positive gross margin (GAAP).

ENGIE will no longer proceed with a grid-scale solar-plus-storage project it was awarded in Hawaii, cancelling its order for 240MWh of battery storage from technology provider New HOrizons Ahead (NHOA). 

Fluence’s share price jumped 25% on their first day of trading on the Nasdaq Global Select Market. 

Honeywell has created a flow battery which it will deploy in pilot projects of increasing size starting next year. Honeywell Sustainable Technology Solutions (Honeywell STS) vice president and general manager Ben Owens spoke with Energy-Storage.news about it.

Tesla deployed 1,295MWh of energy storage in the third quarter of 2021 and has recorded a 96% compound annual growth rate (CAGR) in deployments over a four-year period.