Industry
In the rapidly evolving energy storage sector, announcements and updates come thick and fast. From acquisitions and funding to new business models, the industry is growing and maturing by the day.
The number of gigafactories breaking ground has soared in recent years as the global rush to develop lithium-ion battery production capacity continues.
In parallel, there is a pressing need to develop a circular economy in the sector but also many open questions regarding safe and efficient recycling.
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European battery manufacturing to get $3.15bn
Europe’s battery manufacturing industry is set to receive a significant funding boost to stimulate activity and competition thanks to a new partnership between the European Commission and the European Investment Bank (EIB). Their efforts will result in €3 billion ($3.15 billion) of public support.
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All Industry news
Overall BESS quality has massively improved, but safety incidents make headlines
Any discussion about the quality of battery energy storage system (BESS) projects must consider safety. This was something that all three of the panelists who participated in pv magazine’s Focus event at The Smarter E in Munich last week agreed upon.
In Conversation: ‘Good time to be battery storage developer’
At Intersolar Europe 2024, ESS News spoke with George Hilton, research and analysis manager at S&P Global, about the state of play in the battery energy storage supply chain and falling prices. According to Hilton, the overcapacity at every level of the supply chain has led to prices that are no longer sustainable for many market players. Meanwhile, technological innovation has led to an unprecedented variety of battery storage technologies on offer, and for a great number of markets the right time to jump in is now.
Sosteneo, Enel finalize partnership for 1.7 GW battery storage rollout in Italy
The Generali Group company has signed an agreement to acquire a minority share of Enel Libra Flexsys, which aims to roll out 1.7 GW of battery energy storage projects in Italy. "Revenues are fully contracted for 15 years through capacity agreements with Enel as well as capacity payments from Enel that are backed by Terna, Italy’s transmission system operator,” Sosteneo says.
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What to expect at India Energy Storage Week
India Energy Storage Alliance (IESA) is set to host its annual international conference and exhibition event, India Energy Storage Week (IESW), from July 1 to July 5, 2024, in New Delhi. The event is expected to witness the participation of 150+ key partners and exhibitors and 1000+ companies, many of which will be unveiling major battery storage plans.
In Conversation: Wärtsilä’s strategy of concentration
Go big or go home might be the new motto in the battery energy storage industry, but some players are taking a more thoughtful approach. pv magazine ESS News caught up with Wärtsilä Energy Storage & Optimisation (ES&O) at last week’s Smarter E in Munich to discuss its business and technology strategies.
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The Mobility House, GESI to deliver 8 GW of battery storage in Germany
The portfolio is to be implemented by a joint venture between the two companies by 2035. The Mobility House will contribute its experience in commercilization of the batteries, while GESI will handle project coordination and financing.
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