Here’s the final Q3 news highlight article, this one on the battery storage sector.
1. U.S. Grid-Scale Storage Achieves Record Deployment: The United States set a new benchmark in grid-scale energy storage, installing 4,733 MWh in Q3 2022.
2. Tesla’s Energy Storage Deployments Reach New Heights: Tesla reported a 62% year-over-year increase in energy storage deployments, totaling 2.1 GWh in Q3.
3. California’s Heatwave Tests Battery Resilience: During a severe heatwave, California’s battery storage systems played a crucial role in preventing blackouts. These systems supplied up to 6% of the state’s energy during peak demand.
4. Neoen Expands Global Battery Projects: French renewable energy company Neoen announced new battery storage projects across Australia and Sweden. Notably, the Blyth Battery in Australia is set to have a capacity of 238 MW / 477 MWh.
Energy Vault Introduces Gravity-Based Storage in Australia: Swiss company Energy Vault unveiled plans for a gravity-based energy storage system in Townsville, Australia.
FlexGen Secures $100 Million for Battery Integration: Durham-based FlexGen raised $100 million to enhance its battery integration solutions. The company focuses on software that optimizes battery use within power grids, aiming to improve the efficiency of renewable energy sources like wind and solar.
Lithium Deployment in EVs Sees Significant Increase: Global deployment of lithium carbonate equivalent (LCE) in electric vehicles rose by 70% year-over-year in Q3, reaching over 77,000 tonnes. China led this growth, accounting for 58% of the total LCE deployed.
8. Moss Landing Battery Fire Highlights Safety Concerns: A fire at the Vistra Energy battery plant in Moss Landing, California, one of the world’s largest, raised concerns about the safety of large-scale battery storage facilities. The incident prompted discussions on implementing stricter safety protocols in the industry.
U.S. Residential Energy Storage Hits New Record: Residential energy storage in the U.S. reached unprecedented levels in Q3, driven by increased consumer interest and supportive policies.
10. U.S. Energy Storage Market Poised for Continued Growth: Analysts project that the U.S. energy storage market will more than double in the coming year.
Anthony Milewski
Chairman, Nickel 28 Capital