Industry

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…

read more
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…

read more
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…

read more
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…

read more
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…

read more
Li-on battery blaze ship docks in Alaska but fire probe continues 643 470 Energy Storage Journal

Li-on battery blaze ship docks in Alaska but fire probe continues

February 8, 2024: The ship whose cargo of lithium ion batteries caught fire off the coast of Alaska over a month ago has finally been brought into port. The US…

read more
Li-Cycle gets Germany grant approval, questions remain over black mass processing 1024 683 Energy Storage Journal

Li-Cycle gets Germany grant approval, questions remain over black mass processing

February 8, 2024: Li-Cycle said on February 7 it had won approval for a €6.4 million ($7 million) grant for its new lithium ion recycling plant (pictured) in Germany. The…

read more
Wuxi Lead, Tiamat plan €500m French sodium ion gigafactory 1024 960 Energy Storage Journal

Wuxi Lead, Tiamat plan €500m French sodium ion gigafactory

February 8, 2024: Proposals for a 5GWh sodium ion battery manufacturing plant in France have been unveiled by Wuxi Lead Intelligent Equipment and Tiamat. The companies said on February 1…

read more
Epsilon finalizes takeover of German LFP cathode tech center 750 1024 Energy Storage Journal

Epsilon finalizes takeover of German LFP cathode tech center

February 8, 2024: Epsilon Advanced Materials said on February 2 it had finalized the acquisition of a lithium ion phosphate cathode active material technology center from Johnson Matthey in Germany.…

read more
Gravitricity plans Finnish mine gravity storage prototype 622 415 Energy Storage Journal

Gravitricity plans Finnish mine gravity storage prototype

February 8, 2024: Scotland-based gravity storage system start-up Gravitricity said on February 6 it plans to deploy its technology in a prototype project at a disused mine shaft in Finland.…

read more