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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. APAC will continue to be the largest market, reaching $6.05 —Bhavana Sri, Power Analyst for GlobalData.

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Albemarle lithium net sales up 410% in Q4 2022 to $2.1B

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billion due to higher pricing net of FX (+328%) related to renegotiated contracts and increased market pricing. Volume was also higher (+82%) related primarily to the La Negra III/IV expansion in Chile and higher tolling volumes to meet growing customer demand. Albemarle reported that its Q4 2022 lithium net sales increased $1.7

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Start-Up MOBI LATAM partners with EnergyX to develop Bolivian domestic lithium battery supply chain

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Both companies will work towards creating a Bolivian domestic lithium battery supply chain to develop the region’s electric mobility market. Bolivia is lithium-rich; the USGS estimates identified lithium reserves in the country to be 21 million tons—ahead of Argentina and Chile, the other members of the “lithium triangle”.

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Cornell study examines trade-off between critical metals requirement and transportation decarbonization

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NMC/NCA scenario illustrates that the market share of NMC/NCA will increase to 100% by 2050. Recycling w/o 2nd” indicates retired batteries that are directly recycled without a second life as energy storage systems (ESSs). It’s mainly driven by the electric vehicle market penetration and battery technology development.

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A123 Systems to supply 20MW of Li-ion storage systems to AES Gener for spinning reserve project in Chile

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AES Gener has ordered 20MW of A123’s advanced Li-ion energy storage solutions for a spinning reserve project in Northern Chile. The project expands the relationship between A123 and AES Energy Storage and is AES’ second in Chile to use A123 energy storage technology.

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Enel acquires eMotorWerks to provide grid balancing solutions and tap into US e-mobility market

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through its US subsidiary EnerNOC, has acquired California-based eMotorWerks, a North American supplier of electric vehicle (EV) charging stations, called JuiceBox, and owner and operator of JuiceNet, an Internet of Things (IoT) platform for the smart management of EV charging and other distributed energy storage facilities.

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International Lithium Association (ILiA) established to be the voice of the global lithium industry

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Of the many applications for lithium batteries, electric vehicles (EVs) and energy storage solutions (ESS) stand out as by far the largest and fastest growing sectors, driven by the world-wide shift from traditional fossil-fueled vehicles towards cleaner forms of transport and energy use. ppm Li (0.0018%).