This Friday Briefing looks at the battery manufacturing race that Europe and the US are set to get into, with both currently trailing far behind leader China.
The New York City Industrial Development Agency (NYCIDA) has approved five BESS projects while governor Kathy Hochul has announced groundbreaking on a sixth, all in all totalling around 42.5MW of capacity.
The energy storage arm of Canadian Solar said the technology ‘has more complexity than solar’ when it comes to nearshoring manufacturing away from China, and local cell manufacturing could be part of the long-term strategy to leverage domestic content incentives.
The CFO of Goldman Sachs-backed US battery storage developer-operator GridStor discussed its recent investment tax credit (ITC) transfer deal for a California BESS project, highlighting some downsides as well as positives from the new mechanism.
Clearway Energy has put two large solar and storage projects into operation in California, it announced on the same day as an industry letter asking Congress to reform siting, permitting and transmission before this year’s elections.
Rapid technology improvements and trade policy risk pose a dilemma for US battery storage procurement decision-makers, write George Touloupas and Jeff Zwijack of consultancy and market intelligence firm Clean Energy Associates (CEA).
Green Li-ion, a Singapore-headquartered startup, has put into operation what it claims is the first recycling facility in North America to turn black mass directly into precursor cathode active material (pCAM).
The spinout and change in ownership of Mitsubishi Power Americas’ energy storage activities into standalone unit Prevalon will make it as ‘nimble and fast-moving as possible’, its CEO said, while not ‘chasing market share for the sake of market share’.
