The fossil-fuel giant’s Shell New Energies division said the partners are starting with an initial 21MWh of lithium-ion battery systems at two Shell Canada Products facilities in Ontario.
German lithium battery storage firm Tesvolt says it is in pole position to open Europe’s first battery storage gigafactory, as it prepares to launch expanded manufacturing operations in Germany.
Tesvolt did not announce a date for completing production lines at its new Lutherstadt Wittenberg facility, but said the plant will have an eventual annual production capacity of more than 1GWh and an initial 12,000m2 of floor space will be available next month— when production at an existing adjacent facility will switch to the new plant.
UK proposals to increase tax on low-carbon technologies such as battery storage— announced as Britain had its first week without using electricity from burning coal since the 1880s— have come under fire from the renewables industry.
US-based power products group Generac Holdings has acquired lead-acid and lithium-ion battery storage firm Pika Energy for an undisclosed sum.
Generac president and CEO Aaron Jagdfeld said Pika’s development of systems for the residential and commercial market would give the group “a considerable edge as we expand into the rapidly developing market for energy storage”.
Cheaper battery storage systems are less than 20 years away from becoming a "competitive" alternative to oil and gas-fired peaking plants, according to a new International Energy Agency (IEA) study.
The cost of battery storage is projected to “decline fast” by 2040 and global BESS capacity could reach 220 giagwatts by 2040, the IEA’s World Energy Outlook 2018 said.
This would see batteries "increasingly compete with gas-fired peaking plants to manage short-run fluctuations in supply and demand"— with the scenario’s projected need for global peaking capacity set to increase by three-quarters compared to 2017.