Battery prices collapsing, grid-tied energy storage expanding
From July 2023 through summer 2024, battery cell pricing is expected to plummet by more than 60% due to a surge in electric vehicle (EV) adoption and grid expansion in China and the United States.
Battery heavyweights reaffirm commitment to solid-state technology
Only weeks after Chinese battery and car manufacturers united as part of a government-led initiative to commercialize solid-state battery technology, South Korea’s Samsung SDI has confirmed its readiness to start mass production of its all-solid-state battery technology with an energy density of 900 Wh/L.
Solitek unveils residential lithium-ion battery
The Lithuania-based module manufacturer is now also manufacturing and selling a residential lithium-ion phosphate battery system. It is sold in 5.12 kWh modules that are stackable up to 8 units, each with a nominal voltage of 51.2 V.
Sosteneo to buy 49% of Enel’s battery business
Generali Investments’ Sosteneo unit will acquire 49% of the share capital in Enel Libra Flexsys, a company fully owned by Italian utility Enel, which operates a 1.7 GW portfolio of battery energy storage systems (BESS).
Rolls-Royce to supply 160 MWh of battery storage to Latvian grid operator
The two grid-scale battery energy storage systems will be connected in autumn 2025, aiding Latvia’s synchronization with the continental European power grid.
Zendure offers PV-plus-storage solution for balconies
US startup Zendure says its new AIO 2400 package includes two solar panels with power outputs of 800 W, an 800 W microinverter, a 2.4 kWh plug-and-play storage system, and a management platform.
1komma5° acquires Australia’s Arkana Energy
German solar tech developer 1komma5° has strengthened its presence in the Australian market with the acquisition of Arkana Energy Group.
U.S. startup offers solar kit for VIPV applications
Worksport, a U.S. technology company, has announced a protective cover for pickup trucks fitted with solar PV modules. The kit includes a battery and an inverter and is meant to be a portable power source for leisure activities, such as camping, or as a temporary backup to recharge electronics or small appliances during power outages.
Spain announces €750 million incentive scheme for clean-tech manufacturing
Spain’s government has submitted a new incentive scheme to a public consultation. It is designed to support the development of a clean-tech supply chain in the country, including the production of batteries.
UK installers Stratford Energy, Bannister Ventures merge to strenghten services
The two UK companies are joining forces to consolidate and develop opportunities in the residential and commercial energy solutions market.
