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EIB backs Red Electrica’s 3.5 GWh pumped storage-desalination plant in Gran Canaria
The EUR 300 million ($324 million) loan will finance the construction and commissioning of the Salto de Chira reversible pumped storage hydroelectric power plant that Red Eléctrica, a subsidiary of Redeia, is building in Gran Canaria.
Oct 29, 2024
AnteoTech’s secures funding for its silicon-dominant battery anode tech
Queensland-based energy tech company AnteoTech has secured almost AU$4 million in funding from the Australian Renewable Energy Agency to help fast-track the development of its silicon-dominant lithium-ion battery anode technology.
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Texan councillor warns ‘blackouts will happen’ after city rejects application for battery on fire safety fears
Councillors in the Texan city of Katy voted against plans for a battery energy storage system (BESS) because of fire concerns, overriding the recommendation of their own planning and zoning committee.
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LG Energy Solution announces substantial ESS revenue growth, new products
The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.
CALB sues CATL over patent infringement in escalating battery rivalry
Until now, CALB had been the defendant in multiple patent infringement cases initiated by CATL, but this time, CALB is the plaintiff. The damage CALB is seeking is significantly higher than the total RMB 700 million (€91 million) CATL previously claimed in six patent infringement cases against CALB.
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When battery imbalance turns 11% of capacity into stranded energy
A 350 MWh battery storage system is delivering significantly less energy than expected without the battery management system detecting the issue. The result is chronic overestimation of tradable energy volumes and potentially five-figure weekly balancing energy costs. This is one of the real-world failure scenarios we will explore and show how to avoid at the upcoming Battery Business & Development Forum on April 1.
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