Saft has won a turnkey contract for a 7MWh battery energy storage system (BESS) in a Norwegian archipelago which it claims is the largest in the Arctic.
China’s share of the lithium-ion battery cell production capacity market is set to fall from 75% in 2020 to 66% in 2030, according to Clean Energy Associates in a new report.
China is targeting a non-hydro energy storage installed capacity of 30GW by 2025 and grew its battery production output for energy storage by 146% last year, state media has said.
The world’s largest combined lithium-vanadium battery energy storage system (BESS), the Energy Superhub Oxford (ESO), will soon start fully trading in the UK’s electricity market, showcasing the potential of hybrid assets.