The business intelligence firm has projected storage costs will continue their downward trajectory on the back of product and process optimization. That will favor a higher adoption rate in automotive and grid applications, the analysts say. Elsewhere, discoveries of lithium in the U.S. and the U.K. have raised hopes for lower raw material costs and more supply chain diversity.
Plus, details have been revealed of a 2 MW/2.5 MWh grid scale storage demo project in Switzerland and for a peer-to-peer renewable energy certificate marketplace in Southeast Asia.
The 182.5 MW/730 MWh Moss Landing energy storage system could eventually be expanded to 1.1 GWh – putting it on track to overshadow Tesla’s massive Hornsdale project in Australia.
Tesla boss Elon Musk has published the first image of the planned Gigafactory in Grünheide, near Berlin, in eastern Germany.
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