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GCube study charts BESS ‘failures’, warns insurers need confidence on risks 1024 628 Energy Storage Journal

GCube study charts BESS ‘failures’, warns insurers need confidence on risks

February 22, 2024: More than half of BESS failures happen within the first two years of operation, according to analysis published by renewable energy projects insurance underwriter GCube yesterday. GCube…

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Automotive Cells Company secures €4.4bn for new gigafactories 1000 738 Energy Storage Journal

Automotive Cells Company secures €4.4bn for new gigafactories

February 22, 2024: The Automotive Cells Company has secured €4.4 billion ($4.8 billion) debt to support construction of three European gigafactories, in addition to the lithium ion facility it opened…

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Albermarle signs BMW lithium deal, but concern over EV sales slump persist 704 852 Energy Storage Journal

Albermarle signs BMW lithium deal, but concern over EV sales slump persist

February 22, 2024: US-based speciality chemicals producer Albemarle said on February 20 it had agreed a battery-grade lithium hydroxide supply deal with BMW. Under the multi-year agreement, which starts next…

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SQM increases Altilium investment to $12m 1024 426 Energy Storage Journal

SQM increases Altilium investment to $12m

February 22, 2024: SQM Lithium Ventures said on February 21 it had made a further investment of $9.5 million in UK-based Altilium. The cash injection takes the investment by the…

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BESS investments in Europe set to surge, says Aurora 768 380 Energy Storage Journal

BESS investments in Europe set to surge, says Aurora

February 22, 2024: Europe is on the brink of a significant surge in grid-scale battery energy storage with a sevenfold increase in capacity projected by 2030, according to analysis published…

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GM appoints Kelty as VP of batteries 984 890 Energy Storage Journal

GM appoints Kelty as VP of batteries

February 15, 2024: Kurt Kelty has been appointed VP of batteries for General Motors, the auto giant announced on February 8. In the newly created post, Kelty (pictured), a former…

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Expo to showcase role of BESS, renewables in Mexico energy investments 1024 683 Energy Storage Journal

Expo to showcase role of BESS, renewables in Mexico energy investments

February 15, 2024: Companies from the energy storage and renewable power sectors will attend a major expo in Mexico later this year. Meanwhile, a new report released on February 8…

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International partners back LFP Project America plan 1024 909 Energy Storage Journal

International partners back LFP Project America plan

February 15, 2024: An agreement to produce LFP cathode active material and battery cells in North America has been signed by Canada’s First Phosphate, the American Battery Factory (ABF) of…

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Oreskovic appointed VP for Myers EPS 323 323 Energy Storage Journal

Oreskovic appointed VP for Myers EPS

February 15, 2024: Mike Oreskovic (pictured) has been appointed VP of energy storage systems for Myers Emergency Power Systems, following Myers’ takeover of Storage Power Solutions (SPS). Oreskovic was a…

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Vanevo cash raise boost for flow battery stacks line 768 1024 Energy Storage Journal

Vanevo cash raise boost for flow battery stacks line

February 15, 2024: Redox flow battery components firm Vanevo is to use a fresh funding boost to set up a new cell stacks production line in Germany. Vanevo CFO and…

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