UK-based lead-acid battery machinery maker TBS Engineering has said a move into a new “global HQ” in Gloucestershire in June will spur its push to grow the batteries and energy storage sector.
TBS group MD David Longney said: “There’s a bright future for lead-acid batteries, there is no doubt about that and we’re fully committed to it.
BP Wind Energy, part of the BP oil and gas group, has signed a deal to launch its first lithium battery wind energy storage facility in the US later this year.
BP has signed a purchase agreement through its Rolling Thunder I Power Partners subsidiary for a Tesla 212kW/840kWh lithium-ion battery to be integrated with the Titan 1 wind farm in South Dakota. The battery will be configured to help manage internal electricity demands of turbines.
Chinese battery maker Narada Power has posted a 30% sales rise for 2017— which boosted net by profit by 16% over the previous year.
Narada said total revenue for the year was CNY8.63 billion ($1.37bn) and net profit increased to CNY381 million.
Armenia is reportedly in talks with Tesla over plans to kickstart a national energy storage plan.
Ministers in the eastern European nation want to build the country’s first 14MWh battery by 2020, according to the Armenian news agency, Armenpress.
Renewables storage firm Vsun Energy is bidding to use vanadium redox flow (VRFB) batteries in a trial standalone power systems (SPS) project in Western Australia (WA).
WA’s energy minister Ben Wyatt has given the green light for electricity distributor Western Power to conduct the SPS demonstration within part of the state’s South West Interconnected Network— with 60 locations earmarked to take part.
Nissan has opened an electric vehicle battery recycling facility in Japan which will also provide energy storage systems for the area.
The plant in Namie will be run by 4R Energy, a joint venture between Nissan and the Sumitomo Corporation.
Sweden-based lithium-ion battery firm Alelion Energy Systems has acquired the whole portfolio of Caterva— a German liquidation company specialising in advanced technology for energy storage systems.
Alelion said the deal price amounts to SEK14 million ($1.7m), which corresponds to about 10% of previously invested capital and includes “a patent portfolio related to the optimisation of energy storage”.
Rolls-Royce is teaming up with UK-based material research company Superdielectrics to develop advanced energy storage systems using polymers.
Rolls-Royce said the collaboration agreement would see the firm combine its material science and technical expertise with Superdielectrics’ “novel hydrophilic polymers— that have been shown to have potentially outstanding energy storage properties”.
The value of the US battery storage market could grow from $300 million a year to as much as $3 billion by 2020— adding up to rich pickings for electricity distribution cooperatives, according to a new report.
Capital costs for battery systems could fall below $300 per kilowatt hour this year as “significant expansion” boost economies of scale for the manufacture of cells and battery packs, said the report by national rural industries finance institution CoBank.