Two former Tesla workers are set to beat their former employee in making lithium-ion cells for electric vehicle and energy storage applications in Europe.
Northvolt AB’s ambitious plans to build Europe's first Gigafactory in Sweden were given a boost when investment firm InnoEnergy, announced a €3.5million (around 35MSEK or $3.7million) investment.
About 800 people from the energy storage industry have been invited to the 8th China International Energy Storage Power Station Conference (ESSC).
The event focuses on the case studies of international energy storage projects, new development of energy storage technologies in terms of renewable energy and grid, and the change of Chinese government policies in terms of energy storage section. Awards ceremony will be held to honor the best performances from the industry, in terms of projects, researches, and companies.
There are 35% of participants are from battery manufacturers, personal communications service, and inverter makers. 25% are energy storage projects owners, and 18% are from power grid and renewable energy companies. Geographically, they are mainly from Europe, the US, Australia, and China.
Over 100 media institutions will cover the event, and there are 50 exhibiters as well as 30 speakers will attend.
China's energy storage industry has just boomed at the end of 2015. The country’s cumulative installed capacity was 105.5MW, accounting for 11% of the total installed capacity of the global energy storage market, with the largest proportion in lithium-ion battery.
The distribution of applications mainly consists of distributed generation, micro-grid and renewable energy grid, which cumulative installed capacity occupied more than 80% of the Chinese market by the end of last two years. Meanwhile, the distributed generation and micro-grid has accounted for 56% of the installed capacity and 77% of the amount of the projects, and are highly expected to achieve mass commercialisation in China.
The International Energy Agency (IEA) predicts the United States, Europe, China and India will add 310GW of energy storage capacity with $380 billion investment by the year of 2050.
McKinsey noted that energy would play an important role in 2025. The market value is expected to reach between $100 billion to $600 billion.
ESSC has been successfully held in Shenzhen, China and Sydney, Australia since 2013, over 3,000 participants from 23 countries. Cooperative enterprises include Maxwell, Chroma Electronics, KELU Electronic Technology, BYD, Shenzhen Aotexun Electric Power, Tesla Motors, TUV Rheinland Equipment.
The organiser CDMC confirms the event will be held in Shenzhen, China on 11th -12th May 2017.
For more information, please visit: http://www.essc.org.cn/en
Energy storage needs to be defined and have its own set of regulations to allow UK-based distribution network operators (DNO) to make the most of the technology.
That was feeling at Energy Storage Network’s annual symposium held in London, UK, last week, as the thorny issue of regulations and codes continues to hamper the industry.
Canadian firm Eguana Technologies has augmented its energy storage partnership with Korean lithium-ion battery giant LG Chem.
Eguana has begun integrating LG Chem’s JH3 cell technology into its AC Battery energy storage system (ESS) portfolio.
Three energy firms are to combine resources to develop a 10MW lithium-ion energy storage demonstration project in India.
The project involves Japanese firm Mitsubishi Corporation, US firm AES Corporation and Tata Power Delhi Distribution Limited (TPDDL)— a joint venture between Indian utility company Tata Power and the Government of NCT of Delhi.
Grid-scale lithium-ion energy storage firm Alevo has appointed fossil fuel veteran Peter Heintzelman as its group chief financial officer.