Distributed Storage

Researchers in Australia have compared the technical and financial performances of a hydrogen battery storage system and a lithium-ion battery when coupled with rooftop PV. They evaluated two commercially available systems – LAVO and Tesla Powerwall 2 – and found that the lithium-ion battery provides better financial profits, whereas the hydrogen battery offers more battery lifespan for long duration of energy storage.

While lithium ion battery prices are falling again, interest in sodium ion (Na-ion) energy storage has not waned. With a global ramp-up of cell manufacturing capacity under way, it remains unclear whether this promising technology can tip the scales on supply and demand. Marija Maisch reports.

Tata Power, in collaboration with Ayodhya Development Authority (ADA), has made Ayodhya electric vehicle (EV) ready by establishing EV charging points in and around the city.

Industry experts at the 4th Edition of the International Conference on Stationary Energy Storage India (SESI) 2024 emphasised the rapid deployment of battery energy storage system (BESS) and pumped hydro in India.

Battery technology company Lithium Australia’s 100%-owned subsidiary Envirostream is seeking to scale up its battery recycling efforts, signing an updated agreement with South Korean manufacturer LG Energy Solution in a move that could deliver 770 tonnes of lithium-ion batteries for recycling.

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.