A couple of weeks ago, Goldman Sachs sent shockwaves through battery metals markets, issuing a prediction that cobalt and lithium in particular were due for a sharp price decline in the next two years. But London-based Benchmark Mineral Intelligence is loudly pushing back, outlining its reasons why it believes the call on lithium was wrong. Meanwhile, US analyst Wood Mackenzie says that the battery raw material chain will remain tight, but notes that recycling could help to ease the supply deficit.

Trina Storage’s new 2.1 MWh DC All-New Elementa solution is a modular LFP battery cabinet with a plug-in concept to connect multiple units. The company is ramping up battery manufacturing capacity to strengthen vertical integration, given supply chain risks throughout the world.

South Korean battery manufacturer LG Energy Solution presented its latest innovations at the Smarter E event in Munich last week. It also announced its transition from nickel-manganese-cobalt (NMC) battery chemistry to lithium iron phosphate (LFP) in its future products.

The S5-EO1P(4-5)K-48 series off-grid PV inverter has an efficiency of 96.7% and supports parallel operation of up to 10 units, which allows for a system capacity of up to 50 kW. According to the manufacturer, the device is compatible with all top-tier brands of lithium-ion and lead-acid batteries.

The war in Ukraine has acted as a brutal wake-up call for governments to act and reduce their dependence on Russian fossil fuels. Many have pledged to hasten project timelines for renewables, but there are mixed reports about impacts on investor confidence and projects under development in Ukraine’s neighboring countries. Marija Maisch reports.

In other news, GM and Honda are jointly developing affordable EVs, the Biden administration holds an EV industry meeting, and Mercedes-Benz Energy agrees to supply EV batteries to BatteryLoop for its scalable, circular energy storage products.

Australian deployment of battery storage remained steady in 2021, according to market research firm SunWiz, bringing cumulative installations to 1,089MWh.

Sodium-ion batteries are emerging as a viable alternative to lithium-ion technology. Industrial heavyweights CATL and Reliance Industries, following the acquisition of UK-based sodium-ion specialist Faradion, are bent on bringing the technology out of the lab and into mass production. Against a backdrop of soaring prices and predicted shortfalls of lithium-ion battery materials, sodium-ion chemistry has never been more tantalising.

Underwriters Laboratories, a US non-profit standards development organisation, will carry out research into the operating and safety profile of Queensland company Redflow’s redox flow batteries under nominal and off-nominal conditions.

China’s largest state-owned grid operator and power utility plans to deploy the world’s biggest battery fleet and almost quadruple its pumped hydro storage by 2030, thus supporting the nation’s switch to renewable energy sources.