Tag: lithium ion

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.

Read More
Northvolt to set up a 60 GWh battery factory in Germany

Northvolt to set up a 60 GWh battery factory in Germany

March 17, 2022 |

Northvolt, a Swedish battery manufacturer, has announced plans to build a gigafactory in northern Germany with a 60 GWh annual manufacturing capacity. The manufacturing unit is expected to come up in Heide, Schleswig-Holstein and this factory will produce lithium-ion batteries for the European market. The manufacturing facility is expected to begin operations in 2025, resulting in the creation of 3,000 jobs in the area.

Read More
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.

Read More
Rosatom to build a 3 GWh lithium-ion battery manufacturing facility in Kaliningrad, Russia

Rosatom to build a 3 GWh lithium-ion battery manufacturing facility in Kaliningrad, Russia

September 17, 2021 |

The Rosatom State Nuclear Energy has announced its plans to build a 3 GW lithium-ion battery manufacturing facility in the Russian province of Kaliningrad. The province is located between Poland and Lithuania along the Baltic coast. The lithium-ion batteries with be based on a technology developed by Enertech International, a South Korean developer. In March 2021, Rosatom acquired a 49 per cent stake in the company.

Read More
Lithium-ion battery market could reach $127.8 billion by 2027

Lithium-ion battery market could reach $127.8 billion by 2027

August 6, 2021 |

In the year 2020, the Li-ion Battery market in the United States is expected to be worth $12.6 billion. The country now holds a market share of 26.92 percent of the global market. China, the world’s second largest economy, is expected to reach a market size of $29.8 billion in 2027, with a compound annual growth rate of 20.3 percent.

Read More
Finnis Lithium Project in Australia begins production of battery-grade lithium

Finnis Lithium Project in Australia begins production of battery-grade lithium

April 8, 2021 |

The Finniss Lithium Project has completed its first product test work and has confirmed that it is producing “battery-grade” lithium hydroxide monohydrate. The Australian Nuclear Science and Technology Organisation carried out tests from a sample of its product and successfully extracted over 95 per cent of lithium on two-kilogram samples of blended concentrate in two separate tests.

Read More