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Annual lithium-ion demand surpasses 1 TWh for the first time
The big milestone comes on the back of a record month for electric vehicle (EV) sales and strong battery energy storage system (BESS) deployment. However, EV demand remains far behind BESS with the latter's impressive growth reaching a year-on-year increase of 175% and cumulative 19.4 GWh deployed in November alone.
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Schmid Pekintaş targets redox flow battery cost reduction with new Turkish gigafactory
Production equipment supplier Schmid is expanding its joint venture with the Pekintaş Group to establish a vanadium redox flow battery production facility with an output of 3 GWh. The factory is scheduled to begin production in 2026.
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Australian utility-scale battery deployment surges past solar, wind – falls short of requirements
Big BESS is booming Down Under, with almost 5 GW of projects under construction in 2024, according Rystad Energy. While encouraging, the analyst reports that the volume remains insufficient to overcome growing rates of renewable curtailment. “We have around 3 GW operational at the moment, but about half of that is still in commissioning. So you still only have 1.5 GW on the market where the average load is 23 GW,” Rystad Energy’s David Dixon tells ESS News.
Antidumping investigation could more than double cost of EV, energy storage batteries in the U.S.
Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.
Cypriot utility aims to add 400 MWh of battery storage
Cyprus state-owned utility, the Electricity Authority of Cyprus, is looking to add 400 MWh of battery storage capacity, however local energy market stakeholders have different plans. Unless there is a solution to this deadlock, the island country will continue curtailing massive amounts of solar electricity.
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Boralex plans li-ion and vanadium flow hybrid in France, Acciona colocates new and second-life EV batteries in Spain
Canada's Boralex will combine two battery types at an innovative site in France and Acciona Energía will study the performance of new, versus second-life, electric vehicle (EV) batteries at a stationary storage site in Badajoz, Spain.
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BloombergNEF: Stationary storage installations surge to 170 GWh in 2024
With expanding market opportunities and declining costs stationary battery energy storage installations are surging. Battery makers are awake to the opportunity, reports BloombergNEF, as stationary batteries account for an increasing amount of deployed capacity.
EU Battery Regulation is coming
Manufacturers and suppliers of batteries for photovoltaic energy storage must meet more extensive requirements under the new EU battery regulation. Many companies are still unsure what this means for their product design, processes, and management systems. Yalcin Ölmez, head of the operational and investment risks department at German testing body TÜV SÜD, explains what companies now need to consider.
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