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Is it a ‘Fannie and Freddie’ moment for lithium technology in the US?

Tue, 05/21/2019 - 12:39 -- John Shepherd

Safety concerns are top of the battery agenda again, as we reveal regulators' fears that the currently unexplained explosion at a grid-scale BESS plant in Arizona could trigger a review of safety standards. This could in turn spill over into the US residential storage market.

The US now joins South Korea at the tipping point of lithium battery fires. As far as the US is concerned, could this be a Fannie and Freddie moment— akin to the subprime mortgage crisis?

Utility chiefs and regulators in Arizona have said: "Batteries are the future for the US." If lithium technology is so important to that future and cannot be allowed to fail, then the industry needs to get a grip— and quickly.

Batteries of every chemistry have the potential to enjoy a bright future, if the plethora of projects and deals we report on in this issue are anything to go by. 

As we predicted last week, Sweden's Northvolt has secured the funds it needs to build what could be Europe's first commercial battery cells plant. Germany's VW is now a contender too, with a mystery partner backing its gigafactory plan.

But Chinese and Korean firms continue to tighten their grip on the EV battery supply market in Europe— this time in deals with Volvo. And despite geopolitical tensions between Seoul and Beijing, Korea's SK Innovation is to further expand in China. Even the UK's Moixa has not been held back by the Brexit debate in attracting international investors for its battery technology. 

Read the latest battery news here on our web site first. Remember, we publish a weekly round-up in BEST Battery Briefing— FREE every Monday— highlighting stories we've covered over the past week. Sign up for the newsletter by clicking here and if you're already a recipient and find BBB useful, please forward it to friends.

Meanwhile, make sure you've subscribed to Batteries & Energy Storage Technology (BEST) magazine— the world's leading publication on battery manufacture and design and the emerging field of large-scale electrical energy storage. The Spring 2019 issue is out now!