Lithium-ion battery units
Battery prices plummet 87% between 2010 and 2019

By 2023, average prices will be close to $100/kWh, at which point EVs will start to reach price parity with internal combustion engine vehicles

Shipping giant Maersk to trial battery solution

The shipping giant says it expects the upgrade to improve vessel performance and reliability while reducing carbon emissions

Moixa breaks 10k battery milestone in Japan

The firm claims it is now managing the world’s largest single fleet of smart batteries

EV battery gigafactory in Poland granted €250m

The €2.8bn LG Chem facility in Wrocław is expected to have a total production capacity of around 65GWh to 70GWh a year by 2022

Towering city skyscrapers ‘could become gravity-batteries of the future’

Edinburgh start-up Gravitricity says tall buildings could be used to store energy at half the levelised cost of lithium-ion batteries

Highview Power to launch UK’s ‘first large-scale cryogenic energy storage plant’

The 50MW long-duration energy storage solution will be located at a decommissioned thermal power station in North of England

EU investigates €108m Hungarian state aid for Samsung battery plant

Samsung SDI is investing €1.2bn to expand the production capacity of lithium-ion cells and battery packs for electric vehicles in its existing plant located in Göd

Demand for battery energy storage ‘to jump to 400,000Mwh in 2025’

The Consortium for Battery Innovation suggests while electric vehicles will increase lithium batteries’ share of the market, demand for all battery technologies will continue to rise

Boris Johnson to unveil £1bn fund to tackle climate change in developing countries

Scientists and innovators in Britain will be able to access the new Ayrton Fund to develop and test new technologies that can help nations reduce their emissions

Volkswagen unveils new ID.3 electric vehicle

The car has three battery size options and has a starting price of €30,000