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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In Conversation: Weight – a new challenge for BESS in Europe
Driven by the demand for higher efficiency and cost reduction, large-scale battery energy storage systems are increasigly featuring higher capacity cells. This has given rise to new challenges on the logistics front, particularly on the European soil. pv magazine ESS News caught up with Trina Storage at last week's Smarter E show to discuss this.
Plans for BESS assembly plant in Nigeria
RIPLEnergy Company has signed a Memorandum of Understanding with GIB EnergyX Slovakia s.r.o. to co-develop an assembly plant in Nigeria. The new plant should supply Battery Energy Storage Systems (BESS) in support of RIPLE’s Renewable Energy investments to supply commercial and industrial demand for 24/7 electricity.
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Global Battery Alliance launches Battery Passport pilots
The Global Battery Alliance (GBA) has just launched the second wave of its Battery Passport pilots, which includes 11 pilot consortia. This second wave will establish the Minimum Viable Product of the GBA Battery Passport with a product-level ESG (Environment, Social, Governance) score.
U.S. government releases IRA’s prevailing wage and apprenticeship requirements
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final rules on the Inflation Reduction Act’s (IRA) prevailing wage and registered apprenticeship requirements. Developers of clean energy projects may be able to claim an increased credit equal to five times the base incentive.
Arizona’s largest energy storage project closes $513 million in financing
In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution. Recurrent Energy, a subsidiary of Canadian Solar Inc. has secured $513 million in project financing for its Papago Storage project located in Maricopa County, Arizona.
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The Mobility House moves forward with second-life battery systems and launches vehicle-to-grid business
The Mobility House (THM) has announced a number of advances over the last week. The Munich-based company just launched its vehicle-to-grid (V2G) business and had their stationary storage systems in Germany requalified with transmission system operators.
Princeton NuEnergy scores $30 million in funding for lithium battery recycling
In the USA, Princeton NuEnergy (PNE), a New Jersey-based specialist in lithium-ion battery direct recycling, has announced the close of a Series A funding round with a strategic investment from Samsung Venture Investment Corporation. PNE is now commercializing its lithium-ion battery recycling process that the company reports recovers up to 95% of materials found in all lithium-ion battery chemistries.
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