Lithium-ion battery pack manufacturer Dragonfly Energy expects revenues to increase 47% this year, during which it will complete a Nasdaq listing through a SPAC merger, before doubling in 2023.
With batteries today finally reaching the size and capacity that enables renewables to replace medium-sized natural gas generators, a future ruled by solar and storage is just around the corner, writes Radoslav Stompf, CEO of FUERGY.
The cost of Lithium-ion battery packs has fallen close to 90%, and rates lower than US$100/kWh have been reported for the first time, foreshadowing rapid declines across the energy storage market.
A number of projects have been announced in the past couple of weeks highlighting the link between the stationary energy storage space and electric cars – aka “batteries on wheels”.
Energy storage company Moixa, together with automotive giant Honda, have launched a vehicle to grid (V2G) project at Islington Town Hall that will help to provide constraint management for the building, as well as facilitate a switch to electric vehicles.
Acquisition feeds into the inverter and smart energy company’s overall ‘masterplan’ to involve itself in the full gamut of distributed and clean energy market segments.
Pivot Power, a UK company targeting the development of 2GW of lithium battery energy storage to be rolled out together with a network of EV chargers, has had the first of its network of energy storage projects approved by a local authority.
There will be no benefit to basing home energy storage systems on automotive batteries, in the medium or long term, a representative of Mercedes-Benz Energy has said.
