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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In Conversation: ‘From the next two years on we start to see battery supply in Europe’
At Intersolar Europe 2024, ESS News spoke with Paul McCusker, President EMEA Region at Fluence, about the company’s regionalization strategy and its ambition to bring locally made products to its customers in Europe. He also spoke about EMEA-region specific technology preferences and requirements, such as noise levels and safety. Additionally, McCusker presented his views on battery price movements and key challenges to market growth.
Swiss second-life battery startup Libattion secures EUR 14 million funding
Libattion, which turns discarded European electric vehicle (EV) batteries into energy storage systems, is planning a big push for growth. The managing director of A&G Energy Transition Tech Fund, the main backer, said the startup provides an economic alternative to the growing problem of waste from EV batteries while offering an “optimal supply alternative for stationary energy storage.”
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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.
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