Swedish start-up Northvolt has revealed plans to build the largest battery factory in Europe. The facility will eventually have an annual production capacity of 32GWh, putting it just behind Tesla’s gigafactory in the US (35GWh). Located “in the Nordic region”, it will manufacture lithium-ion battery cells for use in electric vehicles and energy system storage, among other things.
Utility Week 7th March 2017 read more »
Powervault developed a consumer battery device and appliance for homeowners that stores low-cost solar electricity without having to buy it from the centralised grid. Powervault launched the first plug-and-play energy storage device. Inside the Powervault cube are a collection of power electronics to make the energy usable, a monitoring system to check energy is being generated or consumed, control electronics that determine when to charge or discharge, and batteries to power it. Powervault is disrupting the energy storage market at an opportune time. The business models of larger utilities have traditionally relied on large centralised power stations and spending billions of pounds to spend on network infrastructure, but industry developments are forcing them to rethink their practices. “We’re getting to the point now where it’s going to be cheaper to generate and store electricity locally rather than necessarily buying it from the grid,”
Techworld 8th March 2017 read more »