The new mission focuses on local manufacturing across the whole supply chain for electric vehicles (EV) including battery and cell manufacturing while also supporting clean energy and storage uptake.
The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.
EDF Energy has partnered with Nissan to launch a new energy storage proposition using second life batteries with the utility’s proprietary demand side response (DSR) platform in the latest high profile collaboration in the UK energy sector.
Automotive Energy Supply Corporation (AESC) and NEC Energy Devices, the Nissan Motor Co’s electric battery business jointly operated with NEC Corporation, and NEC Corporation’s own lithium-ion battery business respectively, have been sold to China’s Envision.
News in brief from around the world of energy storage.
Intersolar Managing Director Dr. Florian Wessendorf and NAATBatt International Executive Director James Greenberger have collaborated to forecast top trends that are expected to dominate the ees North America show floor this year.
Germany’s sonnen introduced a scheme a while back in which customers pay a flat, reduced rate for their electricity each month while the company aggregate their batteries together to benefit the grid – and now the offer has been extended to electric vehicle owners.
Dr. Rahul Walawalkar of the Indian Energy Storage Alliance also predicts at least two lithium-ion cell manufacturing plants of 500MWh+ capacity to start construction in India this year.
At least two global technology leaders could set up Gigafactories to manufacture lithium-ion cells in India in the next couple of years, and most major Indian firms are setting up energy storage divisions, according to the head of the India Energy Storage Alliance (IESA).
Orders for distributed energy storage and the rise of an electric mobility market have kick-started a battery assembly push in India.
French car maker Renault has brokered a partnership to provide second-life battery units to UK home storage supplier Powervault.
Leaning on an existing track-record and manufacturing scale of electric vehicles (EVs) and their batteries remains an essential component to delivering cost-effective energy storage, BYD global sales director Julia Chen has said.
Swedish start-up Northvolt, which is run by two former Tesla Motors executives, plans to build a huge lithium-ion battery factory in the Nordic region, giving Tesla and Panasonic's Nevada Gigafactory a close rival within Europe in terms of size.
A new project is set to test the feasibility of turning a UK car park into a MW-scale battery to provide power on demand to the electricity grid from electric vehicles.
India’s first grid-scale solar-plus-storage tender from Solar Energy Corporation of India (SECI) has received very strong interest with a total of 13 developers submitting bids.
The Advanced Lead Acid Battery Consortium (ALABC) has set out a three-year research programme to improve the performance of lead batteries in energy storage and electric vehicles. It has called for investment of up to US$2 million per year from governments and research agencies to fund its studies, which will run through 2018.
Used electric vehicle (EV) batteries could soon be on the market at a significantly reduced cost that competes with brand new energy storage systems, according to a Bloomberg New Energy Finance (BNEF) report.
Despite its thirteenth quarterly reverse on the spin, Tesla chairman and chief executive Elon Musk predicts Tesla and SolarCity will create an automotive-energy giant worth US$1 trillion.
It’s no surprise that Elon Musk’s announcement that he was working on Tesla’s second master plan was met with great anticipation. Lux Research’s Chris Robinson looks in depth at the new strategy, which included autonomy, solar power, some vehicles we expected, and some vehicles we didn’t.
India’s transport minister Nitin Gadkari has called on Tesla to set up an Asian manufacturing hub within India and even offered land near major Indian ports to facilitate vehicle exports.
Redox flow battery EV maker nanoFlowcell is planning a stock market flotation on the back of a major restructuring process.
Automotive giant Nissan has launched a “groundbreaking” vehicle-to-grid project alongside a new battery storage system which it says will power the firm’s UK offices by 2017.
The acquisition of a “next generation” battery start-up by Bosch could be a milestone for the e-mobility sector, but represents a risk for the German engineering giant, according to one analyst.
GE’s intention to move into the energy storage industry is a further sign that the sector is maturing, a leading analyst has said.
Battery manufacturer BYD’s deal to supply up to five electric double-decker buses for London is a “big win” for the company but not enough for them to start discussions on a European base, according to Lux Research’s Lilia Xie.
Battery and storage system maker A123 will double its production output to 1.5GW through a capital expansion plan worth more than US$300 million, the initial phase of which the company says has already begun.
Two different types of energy storage for electric vehicles (EVs) have received a possible boost in the past few days – Samsung has invested in a solid-state lithium battery start-up while redox flow battery EV maker nanoFlowcell has launched manufacturing headquarters.
The solar industry should be wary of thinking that there will be a support mechanism-fuelled “gold rush” on energy storage in the UK, according to the director of the Electricity Storage Network (ESN).
Tesla’s much talked about Gigafactory should be up and running in 2017. PV Tech Storage spoke to analyst Dean Frankel of Lux Research about some of the details and talking points of the EV maker’s ambitious plan to hit ‘500,000 battery packs by 2020’.
The Swiss and Chinese power engineering firms ABB and BYD have revealed a collaboration to develop new storage technologies.