South African utility Eskom has selected contractors for 343 MW of battery storage projects to be deployed in remote locations with limited access to distribution networks, but in proximity to large-scale renewables.
Researchers in Russia have developed a new sodium-vanadium phosphate fluoride powder. It has a particular crystal structure that provides superior energy storage capacity in the battery cathode.
In other news, QuantumScape announces 24-layer cell and new sampling agreements with car makers, Dutch solar car specialist Lightyear enters into technology sharing partnership with Koenigsegg, and Toyota Motor invests big in EV manufacturing in Indonesia.
In the US, Volkswagen partners with Tesla cofounder’s company Redwood Materials to recycle EV batteries; in Germany, Volkswagen launches renewables-powered fast-charging EV park with second-life batteries; and Polestar, Mercedes and BMW release fresh sales figures.
Volkswagen has started constructing its first battery cell factory in Germany, while Northvolt has raised $1.1 billion for a new battery gigafactory. Mercedes-Benz, meanwhile, has agreed to send second-life batteries to Canada for use in stationary storage applications.
In other news, Mercedes-Benz ramps up investment in assembly plants for EVs and on-site solar, LG moves into the EV charging business, the newly elected Australian government launches EV incentives, and Electrify America attracts investments from Siemens and Volkswagen.
In other news, Stellantis demonstrates wireless charging tech that transfers energy from road infrastructure to EVs, Toyota defies shareholder pressure to step up electrification efforts, and Volkswagen threatens to dethrone Tesla on EV sales by 2024.
Taiwanese analyst TrendForce said it expects global energy storage capacity to reach 362 GWh by 2025. China is set to overtake Europe and the United States is poised to become the world’s fastest-growing energy storage market.
A couple of weeks ago, Goldman Sachs sent shockwaves through battery metals markets, issuing a prediction that cobalt and lithium in particular were due for a sharp price decline in the next two years. But London-based Benchmark Mineral Intelligence is loudly pushing back, outlining its reasons why it believes the call on lithium was wrong. Meanwhile, US analyst Wood Mackenzie says that the battery raw material chain will remain tight, but notes that recycling could help to ease the supply deficit.
The EU Parliament has voted to end combustion vehicle sales in 2035, Siemens has announced plans to develop wireless charging for electric vehicles, and Lightyear has launched the final design of its long-range, production-ready solar car.
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