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
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.
Dec 20, 2024
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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.
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.
Sonnedix: Co-locating BESS to play “big, big role” in growth following €3.25 billion refinancing
Axel Thiemann, CEO of Sonnedix, told ESS News co-locating battery energy storage systems (BESS) with its European assets is a major focus following its recent refinancing. Currently its co-located BESS portfolio is just over 1 GW.
‘We are not going to leave storage at all’ says SolarEdge GM for Europe
Storage still key component of SolarEdge business, despite sell-off of cell manufacturing facility in South Korea. General manager for Europe Christian Carraro tells ESS News that product launches in 2024 plus opportunities presented by home energy management mean storage remains part of company’s core offer.
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Sinovoltaics publishes energy storage manufacturer financial stability ranking
Sinovoltaics has released its latest energy storage manufacturers ranking report, based on balance sheet assessments and publicly available financial information. It lists US-based Tesla as number one, followed by South Korean’s LG Energy Solution, Taiwan-based Kung Long Battery, China’s Mustang Battery, along with US-based Solid Power in the top five.
Envirostream eyes increased recycling revenues after boosting battery volumes
Battery technology company Lithium Australia’s 100%-owned subsidiary Envirostream is seeking to scale up its battery recycling efforts, signing an updated agreement with South Korean manufacturer LG Energy Solution in a move that could deliver 770 tonnes of lithium-ion batteries for recycling.
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Battery heavyweights reaffirm commitment to solid-state technology
Only weeks after Chinese battery and car manufacturers united as part of a government-led initiative to commercialize solid-state battery technology, South Korea’s Samsung SDI has confirmed its readiness to start mass production of its all-solid-state battery technology with an energy density of 900 Wh/L.
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