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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Batteries cheaper than new thermal plants for Brazil’s reserve grid capacity
Analyst Aurora Energy Research estimates battery storage systems cost 10% less than new combined cycle thermal power plants – and could be 29% cheaper. <b>pv magazine</b> spoke to Aurora's <b>Inês Gaspar</b> about the figures.
VRB Energy plans 550 MW capacity across US, China via JV and restructuring
VRB Energy, which has aimed to mainstream vanadium redox flow batteries, has formed a joint venture with Red Sun in China to build more factories, taking a 49% stake in the venture that is constructing two large-scale facilities.
Bulgaria introduces mandatory financial guarantees for energy storage investors
Under the new rules, investors in battery energy storage projects in Bulgaria will have to pay a deposit or provide a bank guarantee of BGN 50,000 ($28,400) per MWh of capacity planned to be connected to the transmission or distribution networks.
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GUVNL launches 1.6 GWh battery storage tender in India
Gujarat Urja Vikas Nigam Ltd (GUVNL)—the state electricity regulation owned by the state government of Gujarat—is accepting bids to set up standalone battery energy storage systems (BESS) connected with the state grid with an aggregate storage capacity of 800 MWh (400 MW x 2 hours).
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Ingrid Capacity partners with Locus Energy in Nordics
In what the company is saying is the second largest of its kind in the Nordics, battery storage facilities will be completed by the summer of 2025, marking a crucial step in achieving its goal of installing and managing 8 GW of capacity across Europe by 2030.
Unique battery reuse, repair and recycling plant opened in Germany
In Magdeburg, Germany, the Battery Lifecycle Company (BLC) has opened a plant for battery recycling, repair and testing for second-life stationary storage applications. The company claims the newly inaugurated plant is the world’s first fully automatic battery deep discharge facility in the world.
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Senec says LFP battery exchange ramps up, launches two new products
After several fires, the EnBW subsidiary decided to replace certain models of residential battery storage systems that had already been installed and equip them with lithium iron phosphate (LFP) cells. Simultaneously, Senec is introducing two new LFP battery energy storage systems to the market.
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