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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Latest News
LG and GM pivot Ultium Cells JV to LFP battery production for US storage market at Tennessee plant
LG Energy Solution and GM are converting part of their Spring Hill battery joint venture to LFP production for energy storage, as another North American battery manufacturing plan shifts from EVs toward stationary storage.
2 hours ago
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US says China is not pricing out American battery anode makers, ITC votes against AD/CVD tariffs
The U.S. International Trade Commission (ITC) has blocked the imposition of anti-dumping and countervailing duties on Chinese active anode material (AAM), providing a massive sigh of relief for the domestic battery storage sector.
Vikram Solar’s PowerHive launches EV, energy storage lithium battery range
PowerHive, the battery and energy storage arm of Vikram Solar, has launched its VION lithium battery product range, marking the company’s entry into distributed battery storage for electric mobility and residential energy backup.
Hithium to invest €400 million in Spanish mega battery factory
Chinese multinational Hithium is considering building a battery and energy storage systems manufacturing plant in Navarra, with an initial investment of around €400 million and the potential to create up to 1,050 jobs across two development phases.
From cell production to energy trading: Volkswagen launches its first large-scale battery storage project
The “Elli Power Center” in Salzgitter may not be large, but it is significant: the Volkswagen Group intends to become an “integrated energy player,” combining activities from battery cell production to the marketing of energy storage within a single corporate structure.
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Call for energy storage projects for Europe’s next 10-year grid plan
Project promoters hoping to receive EU Connecting Europe Facility (CEF) funding for energy storage and electricity transmission sites must first have them included in the 10-year network development plans (TYNDPs) drafted by the European Network of Transmission System Operators for Electricity (ENTSO-E).
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UK thermal storage subsidy proposed, new heat battery standard in development
Heat batteries could be eligible for grant support if plans to expand the scope of the UK Boiler Upgrade Scheme go ahead. The UK government is now consulting with industry stakeholders before finalizing changes to subsidy.
Vattenfall plans 3 GW of batteries, offers tolling contracts
Vattenfall representatives Nicola Kleihues and Daniel Schwarz tell pv magazine about the power company's strategy in Germany and what it considers when buying project rights there. They also explain how to evaluate tolling offers to secure energy-storage-based electricity flexibility for a fixed fee.
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German battery investment dynamics ‘extremely good’
The potentially faster return on investment at solar sites which have batteries added are attracting German developers and site owners. Janis Schäfer, partner at finance company Pine Valley Capital, shares his perspective on battery bankability and a trend towards "merchant" facilities.
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