JPN ENERGY Integrated System commissioned its first grid-scale battery storage facility and established Kirishima Chikudensho LLC, a joint venture with GreenEnergy&Co and DMM. com, that will own and operate the facility, the company announced on September 10, 2024.
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The European Commission has earmarked €2. 1 million under the Connecting Europe Facility (CEF) for Energy to assess adding a battery energy storage system (up to 80 MW/160 MWh) to Slovakia's 735 MW Cierny Vah pumped-hydro plant and to modernise two of its six units.
As of March 2024, energy storage-grade LFP prices hover around $5,200-$5,400 per ton, according to industry reports. But don't get too comfortable-this represents a 15% drop from late 2023 peaks. For context: Want irony?.
While Germany slashed storage subsidies in 2024, Norway's Enova program offers €160/kWh for commercial battery energy storage systems until 2027. For a 1 MWh project, that's €160,000 - enough to upgrade from lead-acid to lithium-ion safely.
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