Switzerland’s largest energy firm Axpo has entered the battery storage market in Sweden, buying a project from developers RES and SCR set to come online in 2024.

Some 100-200MW of grid-scale battery storage could come online in Sweden this year, local developer Ingrid Capacity told Energy-Storage.news.

A handful of companies are trying to get in early and design and deploy ‘second life’ energy storage units using EV batteries ahead of an expected boom in supply in the second half of the 2020s.

France-headquartered independent power producer (IPP) Neoen has given system integrator Nidec ASI the green light to start work on a 40MW battery storage unit in Sweden, Neoen’s first in the country.

Residential battery storage capacity in Europe is set to reach 9.3GWh by the end of the year, according to SolarPower Europe.

Developers OX2 and Ingrid Capacity have started work on two battery storage projects totalling 60MW of power in Sweden.

Could we start seeing ‘third life’ or even ‘fourth life’ energy storage, with EV batteries deployed in multiple different systems in their lifetime?

Hyme Energy will deploy a 20-hour hydroxide molten salt-based thermal energy storage system in Rønne, Denmark, for 2024 while Azelio has just completed the installation of a unit in Dubai, UAE.

Gigafactory firms Northvolt and Britishvolt have commented on news reports that economic conditions are negatively affecting their plans, in statements provided to Energy-Storage.news.