According to foreign media news on February 21, the research team of Commerzbank said that due to the tight supply and the recovery of Chinese demand, the average price of zinc is expected to be $3,800/mt in 2023.
The heads of 40 metals companies and a number of industry associations have called on European Union leaders to take emergency action to temporarily reduce gas prices in order to alleviate costs and help continued production at their sites
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One of Belgium s existing large-scale battery storage facilities. Image: Eneco-Alfen-Next Kraftwerke.
Commodities trading company Trafigura has said that it is building a large-scale battery storage plant in Belgium through a newly-launched renewable energy joint venture (JV) company.
Located at the site of a zinc smelting facility in the northeastern Belgian municipality of Balen, owned and operated by metals company Nyrstar, construction on the project is expected to begin in the first half of this year for completion during 2022. Trafigura said in a press release last week that the project will use lithium-ion batteries with 25MW rated output and 100MWh capacity (four hours duration).
The €30m battery storage project will be built at Nyrstar’s zinc smelting facility in Balen.
Construction is planned to start during the first half of 2021 following permitting approval, with completion in 2022.
The project will provide grid stability and balancing services for the Belgium grid, as well as help shift renewable energy production into high energy demand periods.
Trafigura head of power and renewables trading Julien Rolland said: “Efficient energy storage has a critical role in the low-carbon economy.
“Weather-reliant renewables, such as wind and solar, generate energy intermittently.
“This needs to be combined with high-capacity energy storage and rapid-release systems that can be used to align peaks and troughs in power generation with changing patterns in demand.