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
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
