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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Indian BESS manufacturing expansion remains uncertain, despite growing promise
With an accelerating deployment of lithium-ion batteries in energy storage applications, telecommunications, and mobility, demand in India for advanced technologies is expanding. However, progress towards establishing a domestic manufacturing industry has been “uncertain,” report analysts – despite the promising example set by India’s solar producers.
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HMC breaks into battery storage as part of 15 GW clean energy push
Australian asset manager HMC Capital has signed an AUD 50 million ($33.77 million) deal to acquire a majority stake in Sydney-headquartered battery project developer Stor-Energy, which is looking to progress 1.4 GW of battery storage projects across Australia.
Battery cell prices continue to plummet as lithium prices hit new low
The analysis from Taipei-based intelligence provider TrendForce finds that the average price for lithium iron phosphate (LFP) energy storage system cells was CNY 0.41/Wh ($ 0.056/Wh) in June, posing a challenge to cost control for most cell makers.
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Interview with Trina Storage: We expect consolidation in the coming years
In a recent interview with pv magazine Italia, Gabriele Buccini, head of utility storage at Trina Solar, talked about the company's vertical integration and its forecasts for the storage market. “There is enough capacity available to drive prices down in 2024 in an anomalous way,” Buccini said when talking about global battery energy storage production levels.
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In Conversation: How cheap can battery storage get?
Rapidly declining battery energy storage prices are on everyone’s lips, but rare are the ones who can say for how long costs can stay on a downward trajectory. pv magazine ESS News sat down with Taipei-based InfoLink Consulting to hear their take on the market developments.
Jul 04, 2024
Zinc batteries: Redflow teams with Stanwell on 400 MWh project, e-Zinc secures $31m commercialization funding
Australian zinc bromide flow battery specialist Redflow has struck a partnership with Queensland state-owned generation company Stanwell to work together on the development of a non-lithium long-duration battery energy storage solution for use in a 400 MWh project. Meanwhile, Toronto long duration energy storage specialist e-Zinc has secured $31 million which will go towards developement and completion of its pilot manufacturing facility in Mississauga, Ontario.
US DOE to allocate $100 million for non-lithium, long-duration energy storage pilots
The US Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) has issued a Notice of Intent (NOI) to fund pilot-scale energy storage demonstration projects, focusing on non-lithium technologies, 10+ hour discharge systems, and stationary storage applications.
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