Europe appears to be slower and less bold than other markets like the US when it comes to financial support for upstream battery material projects like lithium refining, a company looking to invest half a billion euros in an EU project told Energy-Storage.news.
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.
Executives from Northvolt discussed the gigafactory company’s ramp-up after a slow 2023 and how the company intends to be competitive in the global market, as well as cell technology, recycling, sourcing from China and an eventual IPO.
The government of Chile has formed an entity to keep a majority stake in domestic lithium production with one of the two private companies that mine it, while also setting aside land for 13GWh of downstream energy storage projects.
More detailed proposed regulations around the US government’s 45X tax credit for domestic clean energy manufacturing have been released, clarifying what battery components and materials qualify.
The UK government has published its ‘Battery Strategy’, setting out measures to facilitate the growth of a domestic battery industry to support the EV and energy storage system (ESS) sectors.
The EU has today (23 November) launched a grant funding opportunity worth €4 billion (US$4.4 billion) for upstream and downstream clean energy projects, including energy storage.
The government of the Canadian province of Quebec has approved the construction of an energy storage manufacturing facility from Réseau Allégé Québec (RAQ).
US-made battery energy storage system (BESS) DC container solutions will become cost-competitive with those from China in 2025 thanks to incentives under the Inflation Reduction Act (IRA), Clean Energy Associates said.
Only half of the energy storage needed to properly integrate the potential solar PV additions globally by 2030 will be deployed based on current policies, the International Energy Agency (IEA) said in its World Energy Outlook report for 2023.
