Lithium-ion battery price drops to lowest ever in 2020

Lithium-ion battery price drops to lowest ever in 2020 150 150 Energy Storage Journal

January 7, 2021: The price of lithium batteries dropped to its lowest ever in 2020, a report by BloombergNEF claimed on December 16, citing a 13% drop on 2019 figures. For the first time, BNEF said, battery packs were selling for less than $100/kWh for e-buses in China, although the volume-weighted average price for e-buses…

Evergy announces new CEO to begin in the New Year

Evergy announces new CEO to begin in the New Year 150 150 Energy Storage Journal

December 10, 2020: The US utility Evergy has appointed David Campbell as CEO and president effective January 4, the firm said on December 8. Outgoing Terry Bassham, who announced his retirement in August, will remain in post until Campbell takes over. Evergy is a fairly new company, having been formed in 2018 when local energy…

Hydro-Québec launches subsidiary to develop and supply battery systems

Hydro-Québec launches subsidiary to develop and supply battery systems 150 150 Energy Storage Journal

December 10, 2020: Canada’s largest utility, Hydro-Québec, on December 9 launched a subsidiary called EVLO Energy Storage to design, sell and operate lithium iron phosphate battery energy storage systems for power producers, transmission providers and distributors, and commercial and industrial markets. The modular systems are the result of extensive work on battery materials by Hydro-Québec,…

SCE brings future portfolio up to 2GW battery storage capacity

SCE brings future portfolio up to 2GW battery storage capacity 150 150 Energy Storage Journal

December 10, 2020: Southern California Edison, the second largest utility in the US, has added another 590MW of battery energy storage capacity to its portfolio ‘to further enhance the region’s electric system reliability needs’, the utility said on December 7. All of the batteries are lithium-ion and include three utility-scale projects plus one 5MW behind-the-meter…

Q3 2020 US energy storage deployments increase by 240% over Q2

Q3 2020 US energy storage deployments increase by 240% over Q2 150 150 Energy Storage Journal

December 10, 2020: The US Energy Storage Association’s latest US Energy Storage Monitor report on December 2 said 736MWh of energy storage had been deployed in the third quarter of 2020, an increase of 240% over the previous quarter. The vast majority of the growth was in the front of the meter segment, although residential…

Stem and Star Peak to form combined company adding $608 million to balance sheet

Stem and Star Peak to form combined company adding $608 million to balance sheet 150 150 Energy Storage Journal

December 10, 2020: Stem, the artificial intelligence company used in energy storage systems deployed worldwide, announced on December 4 it is to revamp its already strong balance sheet through what it describes as a ‘business combination’ with Star Peak. Star Peak is a special purpose blank cheque company, used here to create a combined company…

One of the world’s biggest batteries to be installed in the UK

One of the world’s biggest batteries to be installed in the UK 150 150 Energy Storage Journal

December 10, 2020: InterGen, the Scotland-based energy company, announced on November 30 that it had been given the green light by the UK’s Department for Business, Energy and Industrial Strategy (BEIS) to install a 320MW/640MWh battery on the Thames Estuary in Essex, southeast England. It will have the potential to expand to 1.3GWh and while…

EU publishes legislation ‘that will define our industry for the next 15 years’

EU publishes legislation ‘that will define our industry for the next 15 years’ 150 150 Energy Storage Journal

December 10, 2020: The new EU ‘Batteries Regulation’ published on December 10, the first since the Batteries Directive of 2006, has been met with a broad welcome from battery industry stakeholders, along with warnings of over regulation and complexity in the new 158-page document. EUROBAT has called it ‘a crucial piece of legislation that will…

Californian winemaker to install solar-plus-storage microgrid from EDF

Californian winemaker to install solar-plus-storage microgrid from EDF 150 150 Energy Storage Journal

November 26, 2020: Californian winemaker Domaine Carneros has chosen French energy company EDF Renewables to install a microgrid with solar and battery storage to power the entire facility in the event of a power outage, EDF announced on November 12. The winemaker is set on six ranches within four miles of its chateau on 400…

Lithium Battery recycler closes undisclosed funding to develop and expand

Lithium Battery recycler closes undisclosed funding to develop and expand 150 150 Energy Storage Journal

November 26, 2020: Li-Cycle, the Canadian lithium-ion battery recycling company, has closed a series C equity funding round to develop its New York commercial hub and move into international markets, the firm said on November 18. Details of the financing were not given other than to say Moore Strategic Ventures, the Delaware, US asset management…