The eight companies that have advanced include: Helleniq Renewables, a subsidiary of Helleniq Energy, with two projects of 25 MW each in the municipality of Florina.
The cost per MW of a BESS is set by a number of factors, including battery chemistry, installation complexity, balance of system (BOS) materials, and government
Conclusion Tesla will likely implement the LFP 4680 battery using the 2025/015194 A1 process in two phases: pilot production by late 2025, followed by volume production in early 2026. Factory adjustments are probably
Let''s talk Battery Innovation! After four successful editions, the Battery Innovation Days (BID) event is back. Today''s key European Research & Innovation initiatives, Battery 2030+ and the Batteries European Partnership Association
A 200MW/400MWh LFP BESS project in China, where lower battery prices continue to be found. Image: Hithium Energy Storage. After a difficult couple of years which saw the trend of falling lithium battery prices
The two projects were part of a total of 12 totalling c.400MW that won long-term capex support in the first round of a scheme aimed to kickstart the grid-scale storage market in
Case Study on Battery Energy Storage System Production: A comprehensive financial model for the plant''s setup, manufacturing, machinery and operations.
Ford invested $3 billion to build the LFP battery plant in Marshall, Michigan, but expected to receive roughly $700 million in federal tax credits to help offset the cost.
Hyundai says it is working on next-generation lithium iron phosphate batteries that have an energy density of 300 Wh/kg or higher.
The year 2025 ushers in a transformative milestone for the battery industry: LFP batteries are projected to reach a cost point of €98/kWh, aligning with the pricing of nickel
The tender has been major oversubscribed. The projects of the winners are slated for commissioning by the end of 2025. The tender looks at the establishment and
This groundbreaking project demonstrates Elsewedy Electric''s dedication to fostering a sustainable energy ecosystem in Greece and supporting the nation''s decarbonisation goals.
While a combination of factors, including government incentives and falling battery prices (40% drop in turnkey BESS costs in 2024 from 2023), may be driving down bid
Hyundai and Kia announced a new project last month to develop LFP battery cathode material for lower-cost EVs. The automakers are partnering with Hyundai Steel and ExoPro BM to develop a precursor
Tesla is charging toward a major milestone in its quest for battery dominance. On June 28, 2025, the company announced that its first North American lithium iron phosphate (LFP) battery manufacturing facility, located in
The bidding price for projects is capped at 145,000 euros per MWh, and the tender is open to standalone battery storage proposals with four-hour storage capacities.
Lithium-ion (Li-ion) EV battery prices have decreased dramatically over the past few years, mainly due to the fall in prices of critical battery metals: Lithium, cobalt and nickel. For example, the price of cobalt has fallen from roughly $70,000
In December 2024, CATL announced a joint venture EV battery plant with Stellantis in Spain. Both companies will invest 4.1 billion EUR into a new plant that will produce lithium iron phosphate (LFP) batteries for vehicles
Lithium iron-phosphate (LFP) batteries are the powerhouse of the EV battery market, capturing nearly half of the market share in 2025. LFP batteries account for a sizable majority (60-70%) all of Chinese EV production.
As we look forward to another interesting year in the battery materials space, we outline our top calls for 2025, relating to prices, policy, corporate strategy, supply and demand.
LFP battery prices remained stable, while prices for ternary batteries saw a slight decline. The ESS market maintained strong seasonal demand, with an increase in
Bids in the tender round were priced at between EUR 33,948 per MW and EUR 64,122 per MW, with the weighted average price of the successful proposals standing at EUR 49,748 per MW annually.
According to a recent report released by Goldman Sachs, the global average battery price has dropped from $153/kWh in 2022 to $149/kWh in 2023. Goldman Sachs predicts that by the end of this year, the price is expected to fall to
December, as ever, marked the publication of BNEF''s annual lithium-ion battery price survey and this year there were more interesting takeaways. This year''s survey concluded that the volume-weighted average
The industry will reach the 1 TWh demand milestone in 2024, with China producing more than three-quarters of the batteries sold globally. The concentration of the
In a pivotal shift for the North American electric vehicle battery landscape, South Korea''s two leading battery makers – LG Energy Solution Ltd. and Samsung SDI Co. – plan to
December, as ever, marked the publication of BNEF''s annual lithium-ion battery price survey and this year there were more interesting takeaways. This year''s survey
LG to Produce LFP Batteries for ESS in USA LG Energy Solution plans to start mass production of lithium iron phosphate (LFP) batteries for energy storage systems (ESS) in the United States in the second half of
The lowest successful bid stood at €43927/MW/year, concerning a 25 MW/100 MWh project in the Western Macedonia region. The highest awarded subsidy came at €58773/MW/year and refers to a 7.9
China''s battery packs plummet in price again. Hydrogen prices didn''t decline and BNEF triples its estimates for future costs. The implications are huge.
The U.S. Department of Energy''s $192 million battery recycling initiative funds 17 LFP-specific projects targeting $3/kg recycled cathode material costs – 60% cheaper than mined
The Power Construction Corporation of China drew 76 bidders for its tender of 16 GWh of lithium iron phosphate (LFP) battery energy storage systems (BESS), according to
Home » News » Renewables » Greece awards 188.9 MW for subsidized battery storage in final auction Greece's third energy storage auction has been completed, with nine projects selected and a capacity of 188.9 MW.
The Greek Regulatory Authority for Energy has confirmed that 411.8 MW of projects have been awarded in the country’s first standalone battery energy storage system (BESS) tender, which has attracted huge interest among developers. Investment and operating aid will be granted to 12 projects put forward by seven proponents.
The highest awarded subsidy came at €58773/MW/year and refers to a 7.9 MW/31.6 MWh project located in the same region. Greek firm Hellenic Renewables, which is a subsidiary of Helleniq Energy, offered the lowest successful bids for two battery projects of 25 MW/100 MWh each.
The pipeline of prospective battery storage projects now approaches 27GW, with over 500 projects granted a storage license. With support for 1GW of battery capacity to be auctioned 3 tranches this year, the results for the first auction of 400MW have been announced with a few winners, but lots of losers.
As in Spain, hybrid projects with co-located batteries that charge from the grid lose access to renewables auctions, however this has not deterred projects applying for 11B licenses.
Helleniq Energy and Intra Energy (Intrakat) are each behind three of these 12 projects, PPC Renewables bid successfully for two projects, while Aenaos (Mytilineos), Energiaki Techniki Anaptyxiaki, Energy Bank, and one energy community bid successfully for one energy storage project each.
