A US government pledge of US$2.9 billion support for the country’s battery manufacturing and recycling value chain is more like a band-aid than the “major surgery” required to fix the problem.
Microinverter supplier Enphase Energy posted strong Q4 2021 results last week that saw strong revenue growth, following high demand for its IQ microinverters and a 53% jump in orders of its IQ batteries compared with Q3 2021, despite supply chain constraints.
Fluence has reaffirmed its guidance of US$1.1 billion to US$1.3 billion revenues for the 2022 financial year, with the company’s CEO claiming expectations were exceeded in the first quarter “despite short-term headwinds”.
The engineering, procurement and construction (EPC) team at international construction firm Burns & McDonnell has brought online 60MWh of battery energy storage systems (BESS) in West Texas.
Gresham House, a stock exchange-listed investor in battery storage in the UK and Ireland, has said the majority of its development pipeline projects could have at least two hour durations of storage when built.
Fluence has offered revenue guidance for the 2022 fiscal year of between US$1.1 billion and US$1.3 billion as the company reported its Q4 and full-year 2021 results.
A six-year lithium off-take contract signed by LG Energy Solution and supplier Sigma Lithium “signals the importance of securing lithium supply and the importance of ESG,” an industry supply chain expert has said.
Global equipment manufacturer Caterpillar has supplied hybrid energy solutions technology including 7.5MW of battery storage to the microgrid powering a gold mine in the Democratic Republic of the Congo (DRC).
A 200MWh battery energy storage system (BESS) project in Australia has been awarded to New HOrizons Ahead (NHOA), the rebranded energy storage and e-mobility solutions company formerly known as Engie EPS.
With the catastrophic impacts of climate change seen around the world, there is little time left to act but energy storage has a huge opportunity to be part of the solution, the audience at World Energy Storage Day online conference heard today.
