Spot lithium carbonate prices hit record highs in November
Lithium shortage to slow Europe's battery growth
Volatile power prices have boosted revenues, but new entrants faced with higher capex thanks to spiking lithium prices
Volatile power prices are boosting revenues for batteries in Europe, but spiking lithium prices may be slowing new investments, according to analysts. “Intraday price spreads have more than doubled over the past couple of years, driving higher energy arbitrage revenues,” says Anuoluwa Omojola, research associate for European power markets at consultancy Aurora Energy Research. “Frequency response revenues have also spiked.” As a result, a one-hour battery asset that came online in 2020 in the UK could see its payback period shorten by 2–3 years, according to Aurora’s data. “Intraday price spreads have more than doubled over the past couple of years” Omojola, Aurora "However, it is ve
Also in this section
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
