Distributed Storage

Noida-based RCRS Innovations Ltd, the parent company of lithium-ion battery manufacturer EXEGI, plans giga-scale expansion. It will also launch container-sized energy storage solutions with megawatt-hour level capacities and add TOPCon products to its range of solar panels.

The first installations featuring the Tesla Powerwall 3 are currently being completed in the United States, with the company promoting a fully integrated solar-plus-storage and electric vehicle (EV) residential system, with big backup power capacity. While the first Powerwall created a new market segment, the latest iteration enters a marketplace in oversupply.

Himadri Speciality Chemical has acquired 40% stake in Invati Creations, a company focused on engineering Lithium-ion electrode materials. The acquisition was done for a consideration of INR 45.16 crore.

Noida-based GoodEnough Energy will set up a battery energy storage gigafactory with an annual capacity of 20 GWh in Jammu & Kashmir. The factory’s initial capacity of 7 GWh will commence operations by October 2024.

From July 2023 through summer 2024, battery cell pricing is expected to plummet by more than 60% due to a surge in electric vehicle (EV) adoption and grid expansion in China and the United States.

Vanadium offers unique characteristics as a battery material, as it can shed electrons without shifting from its ionic state, ensuring high cycling stability. South Korea’s Standard Energy has developed a battery with just 1% degradation after 20,000 cycles. The company has already completed 10 MWh of projects in its home market and now aims to expand internationally.

Delta Electronics, which has been present in India for the last 20 years, recently launched its containerized data center solution in the country. With all subsystems such as UPS, power distribution, battery, cooling, and racks well integrated, this plug-and-play solution ensures rapid deployment for edge computing applications in the IoT world. On the occasion, pv magazine spoke to Rajesh Kaushal, vice president of Delta Electronics India, about their containerized data center solution, lithium-ion battery and solar inverter business, and future plans for India. 

Socomec says its new modular energy storage system includes a converter and up to six battery cabinets. At maximum capacity, it can store 1,116 kWh.

The investment is required in building capacities across solar, hydro, wind, and waste-to-energy sectors, green hydrogen (including electrolyzers), batteries, and transmission.

Recycling end-of-life lithium-ion batteries can help address the problem of material scarcity by reducing dependence on lithium mining by 25%, and cobalt by 35%. It would also ensure the local availability of recycled critical materials. Here’s a look at the different ways to recycle batteries.