Engineering, procurement and construction (EPC) firm Burns & McDonnell contributes to our end of year review series, looking back on 2023 and ahead to 2024.
Global system integrator Fluence has been hit by a cross-complaint by the owner of the Diablo battery storage project in California, which is seeking a US$230 million refund for Fluence’s engineering, procurement and construction (EPC) work on it.
The US energy storage industry’s upward growth trajectory has seen another record-breaking quarter, with 2,354MW and 7,322MWh of deployments in Q3 2023, according to Wood Mackenzie.
Energy storage system integrators are critical to the successful delivery and commissioning of a battery energy storage system (BESS) project, but they are perhaps also best-placed to service the asset once its in operation, argues Ray Saka of IHI Terrasun.
At COP28 last week, 11 countries joined a global consortium aimed at securing 5GW of battery energy storage deployments in low or middle-income countries.
After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.
Cost and availability of raw materials is the biggest among a number of challenges that must be addressed if US-made products will be able to meet demand for battery storage in the country.