Utility Scale Storage

Energy storage specialist Fluence has opened a technology center in Bengaluru, as part of its plans to localize production in India in the future.

The Nant de Drance facility began commercial operations on July 1 and is currently one of Europe’s largest pumped-hydro storage stations.

Basf and Man Energy announced a plan to build a 120 MW renewables-powered heat pump for steam production at an industrial site operated by Basf in the Rhineland-Palatinate region, Germany. The feasibility study for the project should be completed by the end of this year.

If Solar Energy Corp. and NTPC can successfully execute tenders for standalone energy storage systems, it could drive investment, support domestic manufacturing, and facilitate the development of new business models, according to a newly released report.

Haryana-based Sanvaru is expanding its lithium battery production capacity to 400 MWh per year by setting up a new factory in Haridwar.

A new report recommends a differential pricing mechanism for pumped-hydro energy storage (PHES) projects in pumping (off-peak operation) and generating mode (peak operation). The pricing mechanism for PHES should be based on specific use cases like peak load shaving and the smoothing of renewable energy generation.

Vikrant Singh, co-founder and CTO of BatX Energies, told pv magazine that the company would use the funds to scale up its capacity, with plans to launch material production from end-of-life lithium batteries on a commercial scale. It will also set up recycling units in different geographies to locally produce black mass – a mixture of battery anode and cathode materials – and ship it to its India facility for battery material extraction.

Hinduja Group, an Indian multinational, has invested GBP 15 million (($18.4 million) with four other investors in Connected Energy, a developer of energy storage systems based on second-life electric vehicle batteries. The investment will help Connected Energy to scale up its operations and move into utility-scale project development. 

The selected developers shall set up grid-connected solar, wind or hybrid wind-solar projects on a ‘build-own-operate’ basis along with required energy storage systems for assured peak power supply. Bidding closes on July 30.

A couple of weeks ago, Goldman Sachs sent shockwaves through battery metals markets, issuing a prediction that cobalt and lithium in particular were due for a sharp price decline in the next two years. But London-based Benchmark Mineral Intelligence is loudly pushing back, outlining its reasons why it believes the call on lithium was wrong. Meanwhile, US analyst Wood Mackenzie says that the battery raw material chain will remain tight, but notes that recycling could help to ease the supply deficit.