Just days after Daimler announced that it would halt production of its in-house battery cells and instead use LG Chem cells for its electric and hybrid vehicle batteries as well as for stationary storage solutions, the South Korean chemical giant said it would collaborate with another major German player on industrial battery storage systems.
The lithium ion battery manufacturer plans to acquire a 500 MWh-capacity manufacturing plant for the production of lithium ion electrodes and other products.
Interview: Greensmith, a leading provider of energy storage management software, has seen dramatic growth in the grid-scale energy storage market, putting the company ahead of its 2014 targets. CEO John Jung spoke with pv magazine about the company’s booming business and its unique technology and integration services.
IHS analysis released today forecasts the grid-tied residential storage market to increase from 90 MW to 900 MW over the next four years. The startling tenfold market expansion is primarily due to the increasing attractiveness of PV for self-consumption. Subsidies will also play a role, IHS concludes.
BYD America will supply the battery storage modules for the projects. The batteries use lithium iron phosphate. Construction is to begin this winter, with completion scheduled for August.
A new study from investment bank UBS says solar plus storage already make economic sense for Australian households, a finding that could dramatically reshape the nature of the energy industry in the country.
New solar projects will join energy storage and other clean energy solutions as a major component of Southern California Edison’s plan to meet electricity needs following the the shut-down of the San Onofre nuclear plant.
The California-based energy storage group says it will benefit from Foxsemicon’s vertical integration, strong process control and economies of scale. It will also reduce Imergy’s manufacturing costs.
Once complete, the 48-acre solar farm will be largest in the state, with Axion Power International providing its PbC batteries and PowerCube technology as storage.
The Swiss energy storage startup is setting up a new gigawatt-scale battery production facility in a former cigarette factory in North Carolina and has signed a deal with China-ZK to sell its products and technology in China.
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