The battery storage system manufacturer completes a successful round of funding, capital will flow into expanding production, developing U.S. business and providing support for rapid growth.
Belectric and Vattenfall cut the ribbon for a new battery storage facility at the Alt Daber solar power plant in Germany.
In an interview with Germany’s Der Spiegel, Elon Musk called for a greater commitment to battery development from German automakers, arguing that large-scale battery production would lead to lower prices for electric cars.
The German auto giant plans to offer batteries for industrial and stationary storage in addition to the batteries it uses for its electric and hybrid vehicles.
Just days after Daimler announced that it would halt production of its in-house battery cells and instead use LG Chem cells for its electric and hybrid vehicle batteries as well as for stationary storage solutions, the South Korean chemical giant said it would collaborate with another major German player on industrial battery storage systems.
The lithium ion battery manufacturer plans to acquire a 500 MWh-capacity manufacturing plant for the production of lithium ion electrodes and other products.
Interview: Greensmith, a leading provider of energy storage management software, has seen dramatic growth in the grid-scale energy storage market, putting the company ahead of its 2014 targets. CEO John Jung spoke with pv magazine about the company’s booming business and its unique technology and integration services.
IHS analysis released today forecasts the grid-tied residential storage market to increase from 90 MW to 900 MW over the next four years. The startling tenfold market expansion is primarily due to the increasing attractiveness of PV for self-consumption. Subsidies will also play a role, IHS concludes.
BYD America will supply the battery storage modules for the projects. The batteries use lithium iron phosphate. Construction is to begin this winter, with completion scheduled for August.
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