Energy Storage News

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• July 2023: Researchers from the University of Houston in the United States developed a successful prototype of a fully stretchable fabric-based lithium-ion battery. According to the researchers, the battery could lead to stretchy laptops, phones, or even interactive sensors embedded in clothes that monitor health. The new battery offers improved safety, enhanced performance, and remarkable flexibility for new applications.
• August 2023: Researchers at the Nanyang Technological University in Singapore (NTU Singapore) developed a flexible battery as thin as a human cornea. This innovative battery charges itself when submerged in a saline solution and has the considerable potential to fuel smart contact lenses in the future. The battery is made of biocompatible materials and does not contain wires or toxic metals like those in lithium-ion batteries or wireless charging systems.

• February 2024: Chhattisgarh successfully inaugurated one of the biggest solar facilities in India with a battery energy storage system located in the Rajnandgaon district. The solar power plant, established by the Solar Corporation of India (SECI) and Chhattisgarh Power Distribution Company, provides a capacity of 100 MW, ensures electricity even during the night, and generates more than five lakh units daily.
• February 2024: GFCL EV Products Ltd. (GFCL EV), a subsidiary of Gujarat Fluorochemicals Ltd (GFL), plans to invest INR 6000 crore (USD 720 million) to supply 200GWh EV and battery energy storage system (BESS) solutions globally in the next 4-5 years. GFL has already committed INR 650 crore (USD 78 million) of the entire investment till December 31, 2023, with GFCL EV set to join EV and ESS battery markets in the United States, Europe, and India.
• December 2023: Namibia Power Corporation (NamPower) inked significant EPC contracts with Shandong Electrical, Engineering, and Equipment Group (SDEE) and Narada Power for a grid-scale battery energy storage project. The joint venture between the two Chinese enterprises is expected to deliver the 54MW/54MWh battery energy storage system (BESS) to Namibia's Omburu substation in the Erongo region.

• November 2023: Amazon.com stopped selling illegal batteries to New Yorkers, making the online retailer partially comply with a city law that prohibits the sale of batteries not approved by the nationally recognized UL Solutions (Underwriters Laboratory).
• January 2023: US battery manufacturer Yoshino Technology announced the development of solid-state lithium-ion batteries with outputs ranging from 330 W to 4,000 W designed for home backup, off-grid applications, and powering small industrial machinery. The system can be used in combination with solar panels. The 4,000 W power station has a peak power of 6,000 W and 2,611 W/h capacity. A 600 W solar panel can fully recharge in 5.5 hours.

• Jun 2023: Torrent Power, a private-sector integrated utility in India, marked an accord with the Maharashtra state government to develop three pumped storage hydro projects aggregating to 5.7 GW capacity. The projects involve an estimated investment of USD 3.27 billion and employ about 13,500 people during the construction phase.
• Feb 2023: GE Hydro Solutions inaugurated the final two 300 MW turbines at a pumped hydro energy storage plant in Anhui Province, China.

• In March 2022, the Indonesian government launched a 5MW battery energy storage system (BESS) pilot project as it aims to move away from diesel-generated power. Perusahaan Listrik Negara (PLN) 'de-dieselization' program will involve 5,200 units of new renewable energy generation with a total power of 2GW by 2024 and is a potential application for battery storage.
• In May 2022, Vietnam's government published plans to double its stationed power generation capacity to 146 gigawatts (GW) by 2030, and for the same, Vietnam calls for up to USD 14 billion annual power investment.

• February 2022: The partnership between FIMER and Vega Solar supplied 14 PVS-100 inverters, a three-phase string solution, to Albania. The PVS-100/120-TL is a cloud-connected three-phase string inverter by FIMER designed for cost-effective decentralized solar systems on both ground and rooftops.
• May 2022: Salient Energy, a company developing proprietary zinc-ion batteries as an alternative to lithium-ion batteries in residential energy storage, announced that it had formalized a partnership with Horton World Solutions (HWS), a sustainable homebuilder whose proprietary composite framing system enables best-in-class energy efficiency and construction time.

• In April 2024, Soltec announced the launch of its new solar tracker, SFOneX. The system has the longest dual-row system with a length of 125 meters. Due to its terrain adaptability, the tracker can adapt to various types of projects, minimizing the need for civil works resulting in a reduction in costs and associated environmental impact.
• In April 2024, GameChange Solar (GCS), a global supplier of single-axis solar tracking solutions for ground-mounted PV plants, announced a strategic partnership with Jiangsu Zhenjiang New Energy Equipment Co. Ltd. (JZNEE), a China-based listed company to enhance local manufacturing capabilities for solar tracker components in the Middle East. 

• May 2024, Piaggio announced plans to offer a battery subscription model for Ape Electric 3W at USD 3100 thousand. The company's new Battery Subscription Model will make three-wheeler EV ownership even more attractive. The battery subscription model strives to revolutionize three-wheeler ownership with more affordability by separating the upfront cost of the vehicle from the cost of the battery.
• September 2023: Mahindra, a leading e3-wheeler manufacturer in India, announced plans to introduce the EALFA Super Rickshaw. This innovative vehicle boasts an enhanced range to improve the overall performance and efficiency of last-mile connectivity solutions. The EALFA Super Rickshaw has been designed to meet customers' evolving needs, ensuring a comfortable and reliable ride. Mahindra's commitment to sustainability and advanced technology continues to drive its success in the e3-wheeler market.

• In February 2024, Euro Energy Resources Limited will unveil its latest breakthroughs in Valve-regulated Lead Acid (VRLA) batteries, redefining power storage benchmarks. The company's VRLA lineup includes gel cell and absorbed glass mat (AGM) variants tailored for diverse applications, spanning from high-power vehicle needs for SLI applications to deep-cycle demands in renewable energy storage.
• In June 2023, the European Union (EU) introduced Regulation (EU) 2023/1542, focusing on batteries and waste management. This legislation mandates sustainability, safety, and labeling standards for a broad spectrum of batteries, encompassing portable, SLI (starting, lighting, and ignition), LMT (light means of transport), electric vehicle, industrial, and product-integrated batteries. Emphasizing the entire battery life cycle, from production through to recycling, the regulation aims to bolster safety, sustainability, and competitiveness.

• In February 2024, ReElement Technologies made a memorandum of understanding with Afrivolt to support the development of Africa’s regional and global lithium-ion battery supply chains. As per the agreement, both companies will work together to establish a comprehensive closed-loop lithium battery and electric vehicle manufacturing ecosystem within Africa.
• In January 2024, Northvolt, a Swedish lithium-ion battery manufacturer, received EU approval for a substantial EUR 902 million (USD 986.43 million) German state aid package to build an electric vehicle (EV) battery production plant in Heide, Germany. The approval supports Germany and the wider EU in achieving net-zero targets.