According to Tesla's third-quarter 2024 financial report, revenue from the energy generation and storage business reached $2.376 billion, a year-on-year increase of 52.4 percent. The gross profit margin for the energy storage business reached 30.5 percent setting a historical high. [pdf]
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This has intensified the search for alternative energy storage chemistries, with sodium-ion batteries (SIBs or Na-ion batteries) emerging as a key solution. Within this report, the prospects and key challenges for the commercialization of SIBs are discussed. [pdf]
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The first U.S. Sodium-ion Battery factory is revolutionizing the energy storage sector. It is designed to produce cells with an impressive 50,000 charge-discharge cycles, bringing significant advancements over conventional Lithium-ion batteries. [pdf]
OEM rack-mounted lithium batteries are specifically designed for integration into telecom equipment racks. They utilize advanced lithium-ion technology, allowing for compact designs with high energy storage capabilities. [pdf]
Zambia is actively developing battery energy storage projects through various initiatives:GreenCo Power Storage Limited has received a grant for a feasibility study to expand battery energy storage systems across the country, facilitating the integration of renewable power into Zambia's grid1.A partnership between GEI Power and YEO is working on a 60 MW/20 MWh solar plant with battery storage in Choma district, which is set to be Zambia's first solar plant with battery storage3.GreenCo is also seeking bidders for a 25 MW/100 MWh battery energy storage system to enhance energy storage capacity in Zambia4.Additionally, a hybrid microgrid project has been launched that includes 39 MWh of battery storage for the mining industry5.These projects reflect Zambia's commitment to enhancing its energy infrastructure through battery storage solutions. [pdf]
It includes the construction of a 100MW/600MWh vanadium flow battery energy storage system, a 200MW/400MWh lithium iron phosphate battery energy storage system, a 220kV step-up substation, and transmission lines. Key technical highlights include: Vanadium Flow Battery System [pdf]
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Central and Eastern Europe (CEE)-based developer and independent power producer (IPP) Woodburn Capital is deploying a co-located battery storage project in Croatia, with final regulations around connecting batteries to the grid expected imminently. [pdf]
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Invinity Energy Systems Plc (LON:IES) on Tuesday said it has signed a non-binding memorandum of understanding (MoU) with US Vanadium LLC to form a US-based joint venture (JV) to produce and sell vanadium flow batteries in the US to capture growing demand. [pdf]
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In a significant move towards the development of Bolivia's largely untapped lithium reserves, Chinese battery giant CATL has confirmed a $1.4 billion investment. The deal, which was cemented on Sunday, is a continuation of a partnership with the Bolivian government that was established in January. [pdf]
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Researchers at St Petersburg University have developed a new type of battery that can charge ten times faster than a lithium-ion battery. Moreover, it is safer in terms of potential fire hazards and has a lower environmental impact. [pdf]
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