Tag: battery

<strong>Tesvolt plans to invest in new battery storage facilities</strong>

Tesvolt plans to invest in new battery storage facilities

February 20, 2023 |

Tesvolt AG, a technology leader in commercial and industrial energy storage intends to build a new gigafactory at its headquarters in Lutherstadt Wittenberg, Germany. A highly automated production building for battery storage systems. Also, a new research and development centre is planned for construction. The carbon neutral facility will eventually have a production capacity of up to four gigatonnes per year. Construction will begin in the spring of 2023 and will be completed in 2024.

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Top 10 Energy Storage Trends in 2023

Top 10 Energy Storage Trends in 2023

January 14, 2023 |

At the beginning of each year, we pause to reflect on what has happened in our industry and gather our thoughts on what to expect in the coming 12 months. These 10 trends highlight what we think will be some of the most noteworthy developments in energy storage in 2023. Lithium-ion battery pack prices remain elevated, averaging $152/kWh. In 2022, volume-weighted price of lithium-ion battery packs across all sectors averaged $151 per kilowatt-hour (kWh), a 7% rise from 2021 and the first time BNEF recorded an increase in price.

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Equis plans to construct a 1.2 GW battery in Victoria

Equis plans to construct a 1.2 GW battery in Victoria

November 18, 2022 |

Equis Development has rebranded and relaunched its $1.28 billion battery energy storage system (BESS) on the outskirts of Melbourne, Australia. In order to co-develop the BESS project, the company has acquired a 100 per cent stake in the Melton Renewable Energy Hub from Syncline Energy.

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ReneSola buys UK-based solar developer Emeren

ReneSola buys UK-based solar developer Emeren

October 13, 2022 |

Emeren, a utility-scale solar power and battery project developer with headquarters in the UK, has been acquired by solar energy manufacturer Renesola Power for an undisclosed fee. More than 2 GW of solar projects and more than 500 MW of storage projects are among more than 2.5 GW of capacity that Emeren has planned for development.

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Umicore and PowerCo establish a JV for battery materials production

Umicore and PowerCo establish a JV for battery materials production

October 4, 2022 |

Umicore, a Belgium-based company and the battery unit of the Volkswagen Group, PowerCo, have formed a joint venture with an aim to invest around $2.9 billion to build a significant supply chain for sustainable batteries. The two companies will jointly control the venture and share costs, investments, revenues, and profits equally under the terms of the agreement.

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LG Energy Solution and Honda to form JV for EV battery production in the US

LG Energy Solution and Honda to form JV for EV battery production in the US

August 31, 2022 |

LG Energy Solution and Honda Motor Co., Ltd. announced a joint venture (JV) company to manufacture lithium-ion batteries in the US to power Honda and Acura EV models for the North American market. LGES and Honda will invest a combined $4.4 billion in this agreement to build a new JV plant in the US. The project intends to have a production capacity of about 40 GWh per year.

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US DoE plans lithium-ion battery recycling program

US DoE plans lithium-ion battery recycling program

August 30, 2022 |

The US Department of Energy (DOE) has released a Request for Information (RFI) to help guide the execution of $335 million in funding from President Biden’s Bipartisan Infrastructure Law for lithium-ion battery recycling programs. The DOE’s announcement of $3.16 billion in financing from the Bipartisan Infrastructure Law in May 2022 is expanded upon in the RFI.

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Whose BEV is it anyway? New Registrations and Disparities across Europe

Whose BEV is it anyway? New Registrations and Disparities across Europe

August 17, 2022 |

Demand for battery electric vehicles (BEVs) significantly increased in Europe between 2020 and 2021. New BEV registrations in the passenger car segment grew by 70% from almost 578,000 to over 981,000 among 21 European markets. These numbers are promising as national governments continue to work towards decarbonizing the transportation sector. Looking at who is buying BEVs, over half were purchased by private individuals—54% in 2020 and 57% in 2021.

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Spearmint Energy purchases a battery storage project in Texas

Spearmint Energy purchases a battery storage project in Texas

August 1, 2022 |

Spearmint Energy, a US-based renewable energy platform, has announced the acquisition of Revolution, a 150 MW battery energy storage project in Texas. For an undisclosed sum, the project was purchased from Con Edison Development, a subsidiary of Con Edison Clean Energy Businesses. The Revolution project, one of the largest battery projects in Texas, is situated close to King Mountain Wind Farm in the Lower Colorado River Authority Territory (LCRA).

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PG&E completes its 182.5 MW Elkhorn BESS project

PG&E completes its 182.5 MW Elkhorn BESS project

April 20, 2022 |

Pacific Gas and Electric Company (PG&E), based in the US, has completed the installation of its 182.5 MW Tesla Megapack battery energy storage system (BESS) at its Moss Landing substation in Monterey County. Following the completion of final tests, the BESS was fully energised and certified by the California Independent System Operator.

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Finding the right battery technology for long-duration storage

Finding the right battery technology for long-duration storage

March 31, 2022 |

The emergence of iron-based chemistries to solve some of the cost issues of RFBs is expected to improve their commercial feasibility, allowing them to compete with lithium-ion for around half of the stationary storage market by 2030, according to the US Department of Energy’s Energy Stor­age Grand Challenge Market Report 2020. Currently, the preferred electrolyte for flow- batteries is vanadium due to its stability.

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Role of Battery Storage in Energy Transition

Role of Battery Storage in Energy Transition

March 2, 2022 | ,

While the use of energy storage in national networks is not new, energy storage, and in particular battery storage, has emerged in recent years as a key piece in this puzzle. This report by Baker McKenzie discusses the energy storage sector, with a focus on grid-scale battery storage projects and the status of energy storage in a number of key countries.

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The Battery Report 2021

The Battery Report 2021

January 11, 2022 | ,

This report is intended to be a comprehensive and accessible overview of the current state of battery research, industry, talent, and policy. Produced by Volta Foundation in collaboration with Intercalation, this report was generated as a community effort by a team of 40 experts from 34 organizations.

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SMC plans 1 GW battery storage facility in Philippines

SMC plans 1 GW battery storage facility in Philippines

January 7, 2022 |

San Miguel Corporation (SMC), a Philippines-based brewing-to-energy conglomerate, has announced that it will begin operating an initial 690 MW of battery storage facility early this year. In 2021-22, the company expects to complete 31 energy storage systems with a total capacity of 1 GW. Also, SMC aims to focus on solar and hydroelectric power plants.

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Amara Raja to invest €10 million in InoBat Auto

Amara Raja to invest €10 million in InoBat Auto

December 31, 2021 |

India-based Amara Raja Batteries is planning to invest €10 million in InoBat Auto, a European company that specializes in battery research and development for electric vehicles, as well as the manufacture of lithium-ion battery cells and customised cells. The investment by Amara Raja follows a $5 million investment by the company in Log 9 Materials, an Indian battery and charging company.

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Tag Energy acquires a 100 per cent share in 99.9 MW Lakeside BESS project

Tag Energy acquires a 100 per cent share in 99.9 MW Lakeside BESS project

December 13, 2021 |

Tag Energy has taken a 100 per cent share in the Lakeside battery energy storage system (BESS) project which has a capacity of 99.9 MW. This is Tag Energy’s fifth investment in the UK this year. The BESS was purchased for around £65 million from RES, and Tag Energy also purchased the 50 MW Roaring Hill Energy Storage Project from RES in October 2021.

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Advantage Africa: Low cost of producing lithium-ion battery precursors in the DRC

Advantage Africa: Low cost of producing lithium-ion battery precursors in the DRC

December 1, 2021 |

The objective of study is to determine the cost of producing lithium-ion battery precursors in the Democratic Republic of Congo (DRC) and benchmark the cost to that of the U.S., China and Poland. In addition to the cost, the study assesses the emissions associated with the production of precursors in the DRC for the global electric vehicle market compared with producing them in China and Poland. Building a 10,000 metric-ton precursor facility in the DRC could cost $39 million. This is three times cheaper than what it would cost for a similar plant in the U.S.

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Ameresco to supply battery storage systems to Southern California Edison

Ameresco to supply battery storage systems to Southern California Edison

October 30, 2021 |

Southern California Edison (SCE) has signed a contract with Ameresco, a cleantech integrator and renewable energy asset developer, owner, and operator, to design and build three grid scale battery energy storage systems (BESSs) at existing substation parcels throughout SCE’s service territory in California. The systems have a total capacity of 537.5 MW and a four-hour endurance, totalling 2,150 MWh.

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Enpal raises $174.9 million in Series C round from SoftBank

Enpal raises $174.9 million in Series C round from SoftBank

October 20, 2021 |

Enpal, a solar photovoltaic (PV) and battery leasing solutions provider based in Germany, announced that it has raised $174.9 million in a Series C fundraising round from SoftBank Vision Fund 2. HV Capital and SolarCity co-founder Peter Rive were among the investors who contributed $116.56 million to the company. Enpal intends to provide solar systems to one million homes by 2030.

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