Eos plans to expand energy storage projects to 800MWh in 2022

Asia Pacific

8 billion! Another power battery project of BYD landed in Fuzhou, Jiangxi

On December 17, the Jiangxi Province Investment Cooperation Promotion Conference for the Guangdong-Hong Kong-Macao Greater Bay Area was officially held. On the same day, BYD signed an investment agreement with Fuzhou City. The agreement shows that BYD will invest 8 billion yuan to build a new energy power battery project with an annual output of 15GWh in Fuzhou High-tech Zone.

Guoxuan Hi-Tech won a large order of 200GWh lithium iron phosphate battery from a car company in the United States

On December 20, Guoxuan Hi-Tech issued an announcement stating that the company's overseas wholly-owned subsidiary GOTION, INC. (referred to as "American Guoxuan") is a supplier of a large listed automobile company in the United States (hereinafter referred to as "the customer"). In order to further deepen cooperation, American Guoxuan and the customer recently signed the "Strategic Supply and Localization Agreement" (ie "Strategic Supply and Localization Agreement"), the two sides hope to supply lithium iron phosphate batteries (referred to as "LFP batteries") supply Strategic cooperation with procurement.

According to the agreement, American Guoxuan shall ensure that the number of batteries required by the customer is met from 2023 to 2028 (the "demand period") in accordance with this agreement and according to the supply agreement signed or to be signed with the customer. The customer expects to purchase no less than 200GWh of batteries in total during the demand period. In addition, American Guoxuan agreed to meet the customer's battery procurement needs by negotiating and allocating the company's existing or new domestic production capacity and new production capacity in the United States.

The total investment is 21.4 billion! CATL plans to build a factory in Poland, and the Fujian battery project starts

On December 19, the new lithium-ion battery project of CATL started in Xiamen, Fujian. The total investment of the new lithium-ion battery project of CATL is 7 billion yuan, including 3 billion yuan for civil construction, 1 billion yuan for other investments, and 3 billion yuan for equipment and technology.

Times New Li-ion Battery Project (Phase I) is located in the north area of Hongtang, Tongxiang High-tech City, Torch High-tech Zone, with a total construction area of about 710,000 square meters. It is planned to build a new lithium-ion battery power battery production base. It is expected to be completed in December 2024.

At the same time on December 22, according to Polish media reports, CATL is considering investing about 2 billion euros (about 14.4 billion yuan) to build a battery factory in Poland. For the above news, CATL declined to comment.

It is reported that CATL has inspected two sites in Jawor and Gorzow Wielkopolski in western Poland, and has received subsidies from the Polish government. Most of the products produced at the factory will be shipped to Germany, where CATL's major customer Tesla has a car factory.

Tata Power to build 120MWh battery storage system in India

According to foreign media sources, in early December this year, Tata Power Solar received a Letter of Acceptance (LoA) from the Solar Energy Corporation of India (SECI), which is owned by the Indian government, in recognition of its INR 9.45 billion in Chhattisgarh, central India. ($125 million) project.

India needs energy storage solutions for huge growth in renewables, Tata Power's solar subsidiary said after securing the country's largest solar-plus-storage project to date. Tata Power will build a 100 MW solar PV plant, collocated with a 120 MWh utility-scale battery energy storage system (BESS), which will be completed in a year and a half, Tata Power Solar's mandate Includes engineering, design, supply, construction, testing, operations and maintenance (O&M), and commissioning.

This will be the second project of its kind for Tata Power Solar, which said: "The BESS system will be charged from collocated solar PV plants and will be used to meet peak demand from off-takers."

Huayou Cobalt acquires African lithium mine for US$420 million

On the evening of December 22, Huayou Cobalt, a listed company with a market value of 100 billion, announced that the company plans to acquire a lithium mine in Zimbabwe, Africa, with a total transaction value of US$422 million. After the acquisition, the subsidiary Huayou International Mining (Hong Kong) Co., Ltd. (hereinafter referred to as Huayou International Mining) will hold 100% equity of Zimbabwe Prospect Lithium Zimbabwe (Pvt) Ltd (hereinafter referred to as Prospect Lithium Mining Company) and the "Intercompany Loan". related claims under the Agreement.

As of June 30, 2021, the company's total assets were US$19.968 million and net assets - US$918,000; in fiscal year 2021, operating income was US$18,000 and net loss was US$872,000. Huayou Cobalt won it before the target was profitable, which once again showed the popularity of lithium mines.

Australia plans to install 250 MW battery storage system

The Australian Capital Territory (ACT) is looking for a contractor to install a 250MW battery energy storage system (BESS) in Canberra. The local government released an Expression of Interest (EoI) this week, which is pending until February 11, 2022. The initiative aims to identify and shortlist potential backers for the next two phases of procurement planned for next year. Australia is understood to have committed A$100 million ($72.4 million/€63.9 million) in funding from the budget. The Big Canberra Battery is designed to improve network reliability by reducing grid stress and congestion, and help integrate new renewable energy capacity, making Canberra a net-zero emissions city.

Europe

31GWh! FREYR signs '$3 billion' offtake agreement with ESS

FREYR, a European start-up developing advanced lithium-ion batteries for mass production, has signed a 31GWh off-take agreement for low-carbon batteries with an energy storage system (ESS) manufacturer,media reported. The client's name has not been disclosed at this stage, but this is FREYR's first "significant" offtake, according to FREYR CEO Tom Jensen. The batteries will be delivered from FREYR's manufacturing facility in Norway over five years from 2023 to 2028, in a deal the battery company expects to be worth about $3 billion.

Wartsila to supply 25MW/48MWh batteries in the Netherlands

Finnish technology group Wärtsilä Corp said today it will supply a 25 MW/48 MWh energy storage system as part of its first project of its kind in the Netherlands,media reported. The customer is GIGA Storage BV, which has set a target of deploying 1.5GW of energy storage in Europe by 2025, with completion expected in October 2022.

The GIGA Buffalo battery will be combined with the wind and solar power plants as part of the Widnet smart grid at the Wageningen University and Research Test Center in Lelystad. The Wärtsilä website states that the Buffalo battery will be the first large-scale energy storage project in Europe based on lithium iron phosphate (LFP) chemistry.

EDF wins bid for 100 MW solar + energy storage project in Peru

EDF Renewables, a unit of French utility EDF, announced that it has won the bid for a hybrid power project in Peru – 100 MW of solar PV and 100 MWh of battery storage. The company said they will develop, build and operate the hybrid solution, which will be connected to a microgrid in the town of Iquitos in the Peruvian Amazon. It is also the largest city in the world not connected to the national grid, according to EDF Renewables.

Meanwhile, EDF signed a 20-year power purchase agreement (PPA) with Korean power company Electro Oriente. Under the contract, Electro Oriente will supply electricity at a more competitive price than diesel by 2026. The new solar and battery projects will help the remote town offset 40 to 50 percent of its diesel-fueled electricity generation, EDF added.

$282.5 million! EU funds 680 MW pumped-storage power plant project in Greece

The European Commission (EC) has approved a financing plan for a 680-megawatt pumped-storage hydropower complex proposed by Greek domestic renewable energy producer Terna Energy, according to foreign media reports. The construction and operation of the pumped-storage plant will be partly funded by an investment grant of 250 million euros ($282.5 million) from the Greek Recovery and Resilience Fund, according to the European Commission. In addition, the government will collect annual subsidies from electricity suppliers.

The proposed complex will be located in Amfilohia in northwestern Greece and will be directly connected to high-voltage transmission lines. Local media previously reported that the facility will have two separate upstream reservoirs, Agios Georgios and Pyrgos, and will use the existing public downstream reservoir, Kastraki Lake, by Greek utility PPC, and is expected to take four years to build.

(EUR 1.0 = USD 1.130)

GIGA Storage plans to deploy a 25MW/48MWh lithium iron phosphate battery energy storage project in the Netherlands

According to foreign media reports, Finnish energy developer Wärtsilä said recently that it will provide a 25MW/48MWh lithium iron phosphate battery energy storage system for GIGA Storage in the Netherlands. GIGA Storage is a Dutch energy storage developer and operator. When activated, the energy storage system will be connected to a smart grid at the University of Wanningen in Lelystad, the Netherlands.

This is the largest battery energy storage system (BESS) project ever deployed in the Netherlands, and will be the first large-scale battery energy storage project in Europe to be built using lithium iron phosphate batteries (LFP). The battery storage system will be co-located with wind and solar power facilities and can serve many different grid balancing applications. The battery energy storage project has completed financial settlement in early December and is expected to enter commercial operation in October 2022.

Nofar launches 700 MWh battery project via JV

Israeli renewable energy developer Nofar Energy Ltd has partnered with real estate and energy storage investor Interland to form a joint venture to develop, build, finance and operate a 700MWh battery storage facility in the UK, according to foreign media reports. Can combine items.

The project is understood to cost £214m ($681.6m/€604.9m) and is expected to generate annual revenue of around £42m and earnings before interest, tax, depreciation and amortisation of £35.5m, scheduled for 2022 Launched in the first half of the year and completed and connected in the second quarter of 2024. Last week, Nofar signed an agreement with Israel's mvne Real Estate to deploy a 400 MWh energy storage project. Meanwhile, the company is also developing a 300 MWh battery storage project in Israel using Tesla batteries.

Powertis and Aquila to jointly develop 421MW of PV and 90MW of energy storage in Italy

Spanish solar developer Powertis SAU has sold its majority stake in a 421 MW solar PV and 90 MW energy storage project in Italy to German investment manager Aquila Capital, increasing the partnership in Italy. According to the agreement signed by both parties, Aquila gets 51% of the project and Powertis 49%. In addition, Aquila has signed an option to acquire a 49% stake from Powertis once the project enters the ready-to-construct phase or commercial operation day (COD).

America

Sunverge Energy Storage Project First to Enter PJM Wholesale Market in Maryland

Distributed energy provider Sunverge and Exelon company Delmarva Power have announced that they have reached an agreement with PJM Interconnection to explore a battery storage pilot program that will participate in the region’s ancillary services market,media reported.

The project, a virtual power plant (VPP) with a planned capacity of 550 kW/2.2 MWh, is expected to be fully operational in the first quarter of 2022 and has received the necessary regulatory approvals from the Maryland Public Service Commission. The project will be the first battery storage residential VPP to participate in the PJM market, delivering benefits to consumers and the grid.

Lockheed Martin flow battery's first megawatt pilot in Canadian solar project

Recently, Lockheed Martin said it is investing $9 million in the Saddlebrook solar + energy storage project in Alberta, Canada, developed by energy infrastructure company TC Energy.

It is reported that Lockheed Martin's 6.5MW/52MWh flow battery energy storage system (BESS) will be deployed at a 102.5MW solar photovoltaic project in Canada and integrated with the project's bifacial solar modules to store solar energy for peak time slot to distribute it to the Alberta grid. This marks Lockheed Martin, which is known for its aerospace and defense technology solutions, in fact the first large-scale pilots of the technology have been in development for some time as early as 2014, when the company acquired a branch from the Massachusetts Institute of Technology (MIT). Dismantled flow battery startup Sun Catalystx.

While Lockheed launched its own line of lithium-ion BESS products in 2016, flow batteries have been kept under wraps, launching around 2018.

Eos plans to expand the production capacity of zinc battery energy storage system to 800MWh in 2022

According to foreign media reports, US zinc battery energy storage developer Eos Energy Enterprises and US industrial chemicals group TETRA Technologies have signed a long-term supply and cooperation agreement. The agreement will support Eos in scaling up the production of its "Znyth" brand of water-based zinc batteries for which TETRA will supply high-purity zinc bromide, a key component of Eos' electrolyte.

Eos can produce zinc battery energy storage systems with a continuous discharge time of 3 hours, and its continuous discharge time can be extended to up to 12 hours, suitable for medium and large commercial applications and large utility battery energy storage projects, the company aims to be in 2022 Expand its production capacity to 800MWh.

In addition to securing zinc bromide delivered by TETRA using a high-purity production process, the strategic term sheet signed by both parties covers collaboration in improving cell performance, cost and system life, including recycling and reuse expertise provided by TETRA Create end-of-life solutions.