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COMMENTARY: US Power Sector Battery Storage Momentum Keeps Charging On – Maguire

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By Gavin Maguire A drone view shows California’s largest battery storage facility, as it nears completion on a 43-acre site in Menifee, California, U.S., March 28, 2024. REUTERS/Mike Blake DENVER, June 24 (Reuters) – Rapid growth in the installation of batteries is upending power systems across the United States, with battery-deployed electricity volumes scaling new …

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NRG Expects to Line Up New US Data Center Deals This Quarter

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Bloomberg NRG Energy Inc. is working on deals to power US data centers “all over the country” and will reveal details with second-quarter results, according to the top executive of the independent generator. These are huge, complicated deals and it’s sensitive to figure out when to announce them, Chief Executive Officer Larry Coben said on Bloomberg TV. Data …

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Northvolt to Stop Production in June With No Buyers in Sight

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While production is set to stop by the end of next month, efforts to identify a purchaser for the plant remain ongoing Northvolt AB will stop making cells at its last remaining factory in northern Sweden at the end of June, marking the demise of what was once Europe’s best hope of a homegrown battery …

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Energy Storage Boom Drives Battery Shift, Leaving Nickel, Cobalt Behind

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Summary Cheap LFP batteries drive rapid energy storage growth Storage demand for grid transitions expanding exponentially Trend likely to accelerate pivot away from nickel and cobalt (Reuters) – When Fidra Energy acquired a 55-acre (22-hectare) patch of northern England countryside in 2023, its plan to transform it into a 1.45 gigawatt energy storage facility – …

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Panasonic CEO Says Battery Plans Align With Slower EV Demand

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  Panasonic’s decision not to expand battery production capacity has been validated by slower global demand for electric vehicles. The company is preparing to start production at a second US-based factory in Kansas, but has frozen plans for a third plant, and may benefit from having US factories as Tesla and others seek to reduce …

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Panasonic to Slash 10,000 Jobs in Shift to Data, Energy Storage

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Panasonic shares are up only five per cent since the start of the year, hurt by fears about EV sales and U.S. tariffs By Yuki Furukawa Panasonic Holdings Corp. is slashing headcount by 10,000, or more than 4 per cent, part of a push to cull non-growth operations and boost profitability. The supplier of lithium-ion …

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‘Store, Baby, Store’ – Texas Is Ground Zero for the US Battery Boom

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Texas installed 4 gigawatts of battery capacity last year, surpassing California’s pace for the first time. Big batteries in Texas are addressing issues on the electric grid, storing excess wind and solar power and meeting surging demand from new residents and electric vehicles. The growth of battery storage in Texas is threatened by tariffs on …

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Northvolt, Europe’s Great EV Hope, Files for Bankruptcy After Failing to Reach Rescue Deal

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Company once seen as the answer to domestic battery production Northvolt AB filed for bankruptcy in Sweden, bringing to an end a company that was once seen as the future of Europe’s battery production. The Swedish supplier for electric-vehicle manufacturers will see its business and its assets sold by a Swedish court-appointed trustee, according to …

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America’s Battery Industry Tries to Find Its Footing in Trump World

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The sector is very much in limbo following a surge in activity during the Biden presidency. By Gabrielle Coppola ‘We Have Work to Do’ Last week, I attended the annual gathering of NaatBaat International, a trade group focused on building a homegrown battery industry in North America. The crowd of startup executives, scientists and consultants was about …

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Brookfield Makes $1.7 Billion Renewables Bet on Increasing AI, Data Power Needs

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Announces deal to buy National Grid’s U.S. onshore renewables business including solar parks and onshore wind farms By Rachel Morison and William Mathis Brookfield Asset Management Ltd. agreed to spend US$1.7 billion in a deal to expand its U.S. onshore renewables business as the company bets there will be increasing demand for electricity from data …

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