German car maker BMW will provide Vattenfall with 1,000 lithium-ion car batteries. Vattenfall will use the batteries, which are also used for the vehicle BMW i3, for storage projects at wind farms.
The growing demand for affordable electric vehicle batteries is driving cost reductions in lithium-ion battery technology, which is beneficial for affordable stationary storage, finds new Lux Research report.
The Swiss vertically integrated storage solutions company reports 2016 annual revenues of $27.6 million and 2017 order backlog of 85 MWh of new utility-scale storage projects.
Analysts at investment bank Morgan Stanley suggest Tesla and LG Chem are best positioned to take big market shares in a market that it predicts will grow faster than most others expect.
The battery storage company ends 2016 with an order pipeline of 1.2 GW through to the end of 2018, latest reports show.
Following this week’s announcement that Younicos will supply a 49 MW storage system in the U.K., pv magazine caught up with the company’s president and CEO Stephen L. Prince to find out more about the project, and Younicos’ wider objectives.
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