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Energy Storage News•15 days ago

•Energy Vault and Peak Energy announced a strategic development agreement for 1.5GWh of US-manufactured sodium-ion Battery Energy Storage Systems (BESS).
•This deal introduces a significant new supply of sodium-ion battery technology, offering a potentially lower-cost and more sustainable alternative to lithium-ion for large-scale storage applications.
•The emphasis on 'US-manufactured' suggests strong alignment with Inflation Reduction Act (IRA) incentives, which could enhance project economics for developers and large power consumers.

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Energy Storage News•15 days ago

•Samsung SDI (battery OEM) and Korea East-West Power (state utility) have signed an MOU to jointly develop and invest in global energy storage systems (ESS) and renewable energy projects.
•This partnership signals a significant push by a major battery manufacturer and a utility into international BESS and renewables markets, potentially increasing project opportunities and competition for developers and IPPs.
•The collaboration aims to leverage Samsung SDI's battery technology and EWP's utility experience to accelerate the deployment of large-scale BESS solutions worldwide, impacting future supply and project availability.

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