The European Union’s new Batteries Regulation will be a driver of change in how the energy storage system industry thinks about procurement and managing batteries at the end of life.
The European Union’s Battery Passport, which will make all of the components of devices placed into the market traceable, will be a useful tool for investors in energy storage, Energy-Storage.news has heard.
New regulations governing the production, sale and use of batteries in the European Union (EU) came into force last month, with energy storage industry associations welcoming their introduction.
A six-year lithium off-take contract signed by LG Energy Solution and supplier Sigma Lithium “signals the importance of securing lithium supply and the importance of ESG,” an industry supply chain expert has said.
Energy-Storage.news spoke with Samir Succar, a director and DER analyst at consultancy group ICF, shortly after he spoke on a panel at Solar Power International / Energy Storage International in Utah.
LG Chem, IBM and Ford Motor Company have joined an effort to increase the transparency of supply chains for cobalt used in batteries – referred to by some as the ‘Blood Diamond’ of the energy and tech sectors.