Long-duration energy storage systems provider ESS has made history. Following a merger with special purpose acquisition company ACON S2 Acquisition Corp, it recently listed on the New York Stock Exchange and, in doing so, pronounced itself as the first long-duration storage manufacturer to go public.
It is four weeks since a Tesla Megapack caught fire during testing at one of the world’s largest battery storage projects. On 30th July, a 13-tonne lithium-ion battery at Neoen’s 300MW Victorian Big Battery complex in southeast Australia – which has not yet been switched on – erupted into a four-day blaze.
BY KATHERINE DAMIAN AND BEN COOK:
China has announced its intention to bet big on energy storage.
The country’s National Development & Reform Commission has set a target of installing 30GW of new energy storage capacity by 2025.
BY BEN COOK:
Hopes for the wider adoption of battery storage are largely pinned on the availability of affordable lithium.
Lithium is a highly reactive alkali metal, which conducts heat easily and is also relatively lightweight. That makes it an excellent component for batteries…
The lack of competition in the battery supply industry could be jeopardising the future of storage. That’s the view of some in the storage sector who argue that customers’ preference for what they see as the elite battery suppliers…
If storage is to truly fulfil its potential as part of the global energy transition, it has to surmount a number of challenges. These include ensuring it is priced competitively, sustainable, and able to be utilised at massive scale…
BY RICHARD HEAP: Swedish battery maker Northvolt this week raised a cool $2.75bn of equity.
That’s the largest equity raise by a private company in Europe…
BY BEN COOK: In the opinion of Kees van de Kerk, president of the newly established industry association Flow Batteries Europe (FBE), flow batteries enable you to mitigate the risk of unpredictability…