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BNEF: China dominates the Li-ion battery supply chain, but Europe is on the rise

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China dominates BloombergNEF’s (BNEF) lithium-ion battery supply chain ranking in 2020, having quickly surpassed Japan and Korea that were leaders for the majority of the previous decade. While Europe is launching initiatives to capture more of the raw material value chain, the US is slower to react on this.

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LG Chem and Eguana partner on Li-ion residential energy storage system for North America

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Eguana Technologies, a supplier of power control and conversion solutions for distributed energy storage systems and Li-ion manufacturer LG Chem have combined their technologies under a multi-year agreement to deliver a certified, fully integrated energy storage system (ESS) Eguana calls “AC Battery”.

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Mitsubishi Heavy to supply 500 kWh (normal) containerized Li-ion energy storage system to power grid of Orkney Islands

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(MHI), jointly with SSE plc (formerly Scottish and Southern Energy plc), will begin an energy storage system demonstration project using the power grid in the UK’s Orkney Islands, which has a high proportion of renewable energy generation in relation to demand. In the project, Mitsubishi Power Systems Europe, Ltd.

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Exide and Leclanché launch Li-ion battery JV in India

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Exide Industries Ltd, India’s largest manufacturer of lead acid storage batteries and power storage solutions provider, and Switzerland-based Li-ion battery manufacturer Leclanché SA announced a joint venture to build lithium-ion batteries and provide energy storage systems for India’s electric vehicle market and grid-based applications.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Electric grids require balance in order to function properly. Electric grids require balance in order to function properly. Earlier post.).

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IDTechEx forecasts second-life EV battery market to reach US$7B by 2033

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The bulk of EVs currently use Li-ion battery chemistries, and once their eight-to-ten-year initial lifetime has expired, they are usually unsuitable for future EV use. This brings value to cross-sector stakeholders, including EV/battery manufacturers, EV customers, utilities, grid operators, energy companies, and electricity consumers.

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Toshiba to supply Li-ion battery energy storage system for frequency regulation project in US

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Toshiba Corporation has received an order to supply a large-scale battery energy storage system (BESS) for a power frequency regulation project in Hamilton, Ohio. The project will be carried out by Sumitomo Corporation, Sumitomo Corporation of Americas and Renewable Energy Systems Americas, a US renewable energy developer.