Tesla CEO Elon Musk has said that the company is already achieving “good margins” on the residential Powerwall product, but that “some additional work is needed” for its utility-scale Megapack to do so.

South African vanadium producer Bushveld Minerals is investing US$7.5 million in vanadium redox flow battery (VRFB) energy storage company Enerox, which is planning to scale up its manufacturing capabilities.

Funding secured from its main shareholder group will help vertically-integrated energy storage company Leclanché push forward activities in its stationary storage business, CEO Anil Srivastava has said.

Vertically-integrated solar PV company Canadian Solar won nearly 1GWh of battery storage contracts in 2020 and CEO Shawn Qu has said it expects to “capture around 10% of the battery storage market in the US alone” during this year.

Update 2 March 2021: A Trina Storage representative contacted Energy-Storage.news to highlight that while the company is building out production capacity for lithium iron phosphate (LFP) battery cells for stationary energy storage, the major focus of the newly-launched division is on providing full integrated battery energy storage system (BESS) solutions to the renewables and grid storage markets.

Pylontech has said it will have 4GWh of battery energy storage system manufacturing facilities in operation within three years, after it raised around US$300 million from listing on the Shanghai Stock Exchange.

Vertically-integrated vanadium mining, production and supply company Largo Resources wants to launch its own vanadium redox flow battery (VRFB) onto the market within a year-and-a-half, predicting that the technology will play a “critical role” in addressing significant demand for energy storage.

System integrators – companies that create large-scale and commercial and industrial battery energy storage system (BESS) solutions to order – have driven the market’s rapid growth so far but face a diversifying landscape marked by competition and consolidation in the years ahead.

Vertically integrated solar PV company Canadian Solar will install 75MW / 300MWh of battery energy storage at a California solar power plant owned by Goldman Sachs Renewable Power.

Whatever technology or strategy announcements come from Tesla’s Battery Day, speculation that the company will reduce purchases of battery cells from partners as a consequence is incorrect, CEO Elon Musk has said.