Recording of Thursday, June 20, 2024 | The smarter E Europe | Exhibition Program | Language: English | Duration: 16:23 .
The speaker, representing BASF, presents the company's activities and strategic interests in battery technology. BASF is a global chemical giant headquartered in Ludwigshafen, Germany. Despite slightly underperforming sales last year at roughly 7 billion euros and an EBIT of 3.8 billion euros, BASF remains formidable with over 112,000 employees and about 234 production plants globally. BASF engages actively in three main areas related to batteries: producing and selling cassette materials for lithium-ion batteries—a booming business; investing heavily into recycling plants to manage end-of-life batteries sustainably by reclaiming raw materials; and focusing on sodium-sulfur (NAS) battery technology through a strategic partnership with NGK Insulators since 2019. This NAS battery excels as long-duration energy storage capable of six-plus hours discharge duration with minimal degradation—remaining at around 85% capacity after two decades or approximately 7,300 cycles. The NAS battery stands out due to its safety record spanning over two decades without calendric aging unlike lithium counterparts. Moreover, it's climate-resilient up to extreme temperatures (-40°C to +55°C), requires no air conditioning or fire suppression systems enhancing cost-efficiency. Globally deployed across various climates from Japan’s TEPCO utility installations totaling around five gigawatt-hours to Abu Dhabi's desert conditions proving its reliability despite harsh environments—demonstrating substantial growing demand for energy storage driven by renewable grid integrations necessitating longer durations than ever before.
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Storing energy for longer can safely provide additional flexibility for a power system relying on renewable energy sources, and thus plays an important role in a successful energy transition. Co-hosted by LDES and IBESA, this session will dive headfirst into the topic of long duration energy storage systems - learn about current market dynamics, technologies and more!
Further Talks of this session: