BEST Magazine
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All the latest news, technical articles and upcoming events for the energy storage and battery industry. Batteries and Energy Storage Technology (BEST) magazine is the number one resource for members of the battery industry craving insight into what makes the sector tick. For nearly 20 years the industry has turned to BEST magazine for independent insight into the sector.
BEST Magazine
55m ago
Energy storage company Fluence Energy said its digital services centre (DSC) has expanded with a new remote monitoring and diagnostics centre (RMDC) in India. It will be co-located with its innovation centre in Bengaluru. The DSC is expected to serve as a central hub and will apply operational data intelligence to the fleet of assets ..read more
BEST Magazine
55m ago
Dalian Rongke Power (RKP) and Heilongjiang Jianlong Iron and Steel Co signed an agreement to build a vanadium flow battery electrolyte plant in Shuangyashan, in China’s Heilongjiang Province. The company said the primary focus is to establish vanadium electrolyte production, drawing on each other’s strengths. RKP regards itself as a leader in the vanadium flow ..read more
BEST Magazine
55m ago
Tesla’s energy storage business is set to outpace electric vehicle (EV) production in terms of growth, it said in its quarterly report released on 23 July. Its Q2 revenue doubled from a year before to total $3,014 million. Overall Tesla revenues, including automotive, were $25,500 million, up just 2% year-on-year. The US company said it ..read more
BEST Magazine
13h ago
LG Energy Solution (LGES) is scaling back battery production and investments due to the slow-down in global demand for electric vehicles (EVs), it said in its Q2 earnings report. Consolidated revenue came to ₩6.16 trillion ($5.8 billion), up 0.5% from the previous quarter, but down 29.8% year-on-year. Operating profit was up 24.2% to ₩195.3 billion ..read more
BEST Magazine
13h ago
Farid Ahmed, VP of global strategy and business development at Ace Green Recycling sets out the thinking behind the company’s recycling of lithium-ion and lead batteries. It makes no sense to extract a critical mineral, use it once and then stick it back in the ground as furnace slag. Indeed, it would appear to be ..read more
BEST Magazine
13h ago
Dr Mike McDonagh talks with CTO and co-founder of battery recycler Ace Green Recycling, Vipin Tyagi. It is, he found, a company with a different approach to the conventional recyclers. It also has a track record, with prototype recovery yields that show promise. There are many emerging companies which have joined the juggernaut bandwagon of ..read more
BEST Magazine
13h ago
This year’s International Flow Battery Forum (IFBF) in Glasgow, Scotland, kept a focus on costs, standardisation and supply chains. Andrew Draper reports. In his keynote speech to the forum in June, Invinity Energy Systems CEO Larry Zulch said the challenge for the flow battery industry was not about increasing demand, but rather about bringing costs ..read more
BEST Magazine
19h ago
Lead battery recycler Ecobat has gained a reduced-scope draft hazardous waste facility operation permit from California’s state Department of Toxic Substances Control (DTSC). That will keep the recycling plant going that neighbouring communities have campaigned to shut down. The five-year permit – the company asked for 10 years – was issued on 16 July and ..read more
BEST Magazine
19h ago
Iron flow battery company ESS is benefiting from a $10 million grant for a long-duration battery storage project run in partnership with Sacramento Municipal Utility District (SMUD). The financing is from the California Energy Commission as part of its decarbonisation efforts. ESS said the grant will help it demonstrate a 3.6MW/8-hour iron flow battery project ..read more
BEST Magazine
19h ago
Peak Energy, a US-based company founded in Denver by industry veterans from Tesla, Northvolt and Enovix, has secured $55 million in Series A funding to develop low-cost, giga-scale energy storage based on sodium-ion. Xora Innovation, an early-stage deep tech investing platform of Temasek, led the round. Other participants included existing investor Eclipse and its strategic ..read more