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Beyond the cell: The evolution of battery costs
For years, the battery energy storage (BESS) story has followed a familiar script: costs fall, deployment accelerates, economics improve. Yet with rising costs for battery cells, the opposite might be expected. Paola Perez Peña, senior principal analyst at S&P Global Energy, examines why the latest jump in lithium prices has only had limited impacts on overall BESS costs so far.
US medium duration storage endures woes, while Form’s long duration grows, and lithium overflows
U.S. medium and long duration manufacturers EOS and ESS are showing stress, while Form Energy is outpacing projections and now must scale – all while being stalked by lithium’s ever widening use profile.
EU to cover only 21.4% of battery demand by 2030 despite global market surge; costs remain up to 50% higher than Asia
A report from the European Commission's Joint Research Centre (JRC) warns of the urgent need to accelerate battery manufacturing in the European Union to achieve a solid competitive position against powers such as China or the United States.
Australia’s PowerPlus secures grant to triple battery production capability
Australian battery designer and manufacturer PowerPlus Energy has secured $2.3 million in federal government funding that will support its plans to triple annual battery module production capacity to 150 MWh over the next two years.
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Norway inaugurates Europe’s first LFP gigafactory
Test production has already started at the facility in Arendal, southern Norway, as local battery cell maker Morrow Batteries continues to work closely with customers to fine-tune the production equipment and achieve serial production quality over the following months.
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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.
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