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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. The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market.

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AES Selects Mitsubishi-GS Yuasa and Parker-Hannifin to supply Li-ion grid Energy Storage System in Chile

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AES Gener and AES Energy Storage have selected Parker-Hannifin to supply advanced battery energy storage systems for their new Cochrane power station. The project is the companies’ third energy storage facility in Northern Chile, integrating 20MW of advanced battery-based energy storage with a 532MW thermal power plant.

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

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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 estimates Energy Storage net sales for 2023 to range between $8.3 Albemarle estimates Energy Storage net sales for 2023 to range between $8.3

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

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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”. However, Bolivia is production-poor; Chile and Argentina are top global producers, but Bolivia has yet to produce the mineral in commercial quantities.

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

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Recycling w/o 2nd” indicates retired batteries that are directly recycled without a second life as energy storage systems (ESSs). —Fengqi You, senior author Currently, critical metals and minerals are centralized in politically unstable Chile, Congo, Indonesia, Brazil, Argentina and South Africa, according to the World Bank.

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AES integrates 20 MW of A123 Li-ion storage with 544 MW thermal power plant

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AES Gener and AES Energy Storage have begun commercial operation of the second energy storage project in Northern Chile, integrating 20MW of Li-ion battery-based energy storage (BESS) with a 544MW thermal power plant. A123 Systems supplied the energy storage systems for the project.

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