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Form Energy iron-air battery in Maine granted $147 million
The US Department of Energy is supporting Power Up New England with $389 million of federal funding. As part of the Power Up New England program, Form Energy is to deploy an 85 MW/8500 MWh multi-day battery system in Lincoln, Maine.
Aug 16, 2024
Natron Energy to build gigawatt-scale sodium-ion battery plant in North Carolina
The new planned manufacturing facility will produce 24 GW of Natron’s sodium-ion batteries annually. Natron says its batteries outperform lithium-ion batteries in power density and recharging speed, do not require lithium, cobalt, copper, or nickel, and are non-flammable. The plant will be the first double-digit GW sodium-ion plant in the USA.
Offgrid PV-driven hydrogen vs. standalone solar-plus-storage
A German research team has compared the economic performance of an offgrid PV-electrolyser-fuel cell system with that of a standalone solar-plus-storage counterpart in a building in Niger. Its analysis showed that decentralized PV-driven hydrogen could achieve considerable lower levelized cost of energy and levelized cost of storage than the PV-battery system, with these values reaching €0.12 ($13.1)/kWh and €0.35/kWh, respectively.
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Atlas Renewable garners $289 million for battery energy storage in Chile
Financing for the battery energy storage system (BESS) del Desierto project in Chile involves agreements with BNP Paribas and Crédit Agricole CIB with a $219 million loan and US$70 million in other credit lines. The fresh capital should finance the construction of the 200 MW / 800 MWh system, located in the commune of María Elena, Antofagasta region.
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