Battery storage systems in Germany will scale new heights over the next decade as renewable energy developers become increasingly reliant on the technology, says a new study.
Analysis by the Mannheim-based Centre for European Economic Research (ZEW) shows the vast majority of energy market experts in Germany believe capacity requirements of energy storage systems “will continue to rise”.
Shanghai-based energy group Envision has agreed a deal to become the majority owner of Nissan’s international lithium-ion batteries business.
The definitive agreement with Envision comes just two months after Nissan’s proposed sale of the business to Chinese private equity firm GSR Capital fell through.
German auto firms have indicated they could pull the plug on new investments in battery manufacturing and related facilities in the US if they are forced to pay increased tariffs under a “national security” review.
The warning came after the Trump administration launched an investigation that could pave they way for new tariffs to be slapped on automotive products from Europe, Japan and South Korea.