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
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.
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.
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Polish capacity market auction for 2029 catalyzes gigawatts of battery storage projects
The much anticipated capacity market auction for 2029 conducted by Polskie Sieci Elektroenergetyczne (PSE) ended in the seventh round with a price of PLN 264.90/kW/year ($65/kW/year). Such a clearing price rendered gas projects uneconomical and left significant room for battery storage systems to secure contracts.
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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Jinko ESS Partners with Zhejiang Jiayao Electric Engineering Co., Ltd. for Energy Storage Order
Recently, Jinko ESS, a global leading energy storage solutions provider, is pleased to announce a collaboration with Zhejiang Jiayao Electric Engineering Co., Ltd., signing a supply agreement to provide 26 sets of C&I energy storage systems, totaling a capacity of 5.59 MWh.
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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.
BESS are becoming more attractive
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
The MENA region – the next hot market for energy storage!
“The MENA region – the next hot market for energy storage?” I asked in an article back in October 2017. It took a bit longer than I expected, but seven years later it’s time to replace the question mark with an exclamation mark. It’s hot indeed.
Standalone battery storage in Romania: PUZ or Pause
As the Romanian Ministry of Energy takes steps to encourage investments in standalone battery energy storage systems (BESS) through support schemes and an improved tariff regime, one regulatory challenge seems to have caught both investors and local authorities off-guard: a zonal urban plan (PUZ) is still necessary for developing standalone BESS on extra muros agricultural land. Mihaela Nyerges, managing partner, and Paraschiv Sandu, associate at Nyerges & Partners, are elaborating on the requirements.
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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.
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.
Australian redox flow water-based battery developer lands state grant
Allegro Energy has secured a AUD 2.1 million ($1.3 million) grant from the New South Wales state government to develop an Australian-made, aqueous-based redox flow battery energy storage prototype capable of storing energy for more than 10 hours.
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