Northvolt, the consortium seeking to establish significant lithium-ion battery cell manufacturing facilities in Europe, has raised US$1 billion in equity capital from parties including Volkswagen and BMW and the merchant banking division of Goldman Sachs.
As it prepares to break ground on a ‘Gigafactory’, energy storage system provider Tesvolt has said that gaining certification across diverse regions remains the biggest challenge in forming strategy today.
The race to build Europe’s first lithium-ion energy storage system ‘Gigafactory’ could be won by Tesvolt, as the German manufacturer announced a “multimillion-euro investment” in production lines this week.
News in brief from around the world in the energy storage industry.
As well as Elon Musk remarking that the company may have had its “best ever quarter” for solar since the SolarCity takeover, Tesla’s energy storage deployments have enjoyed a ramp up, while a fellow exec hinted the stationary battery business is constrained by cell supply.
Battery manufacturing represents a “huge economic opportunity for India”, according to a draft ‘National energy storage mission’ (NESM) document, which outlines how the country could capture value across the supply chain and accelerate the country’s adoption of renewable energy.
BYD has just opened a gigawatt-scale lithium battery factory in Qinghai Province, a few days after a senior company representative told Energy-Storage.news that, like electric vehicles (EVs), it is only a matter of time before lithium batteries for stationary storage reach mainstream acceptance.
Australia could be getting its first lithium-ion battery ‘Gigafactory’, with some progress made in the past few days for a facility proposed to be built in Queensland.
Indian power minister R.K. Singh has chaired a meeting with battery-based energy storage manufacturers calling on them to set up manufacturing units in India.
The first solar-plus-storage microgrid in Asia to use Tesla’s Powerpack energy storage system is designed to end power reliability issues for a Philippines community, long used to losing light and productivity to brownouts.
Dr Rahul Walawalkar is president and MD of Customized Energy Solutions and an executive director of the India Energy Storage Alliance. A proud evangelist for renewables and advanced energy storage technologies, Andy Colthorpe asked him about what 2017 meant for India’s storage industry and what’s getting him enthused – or apprehensive – about 2018.
In a feature article from the latest volume of PV Tech Power, the editorial team at Energy-Storage.News canvassed the opinions of trade association chiefs from five key global regions. Here's some 'bonus' content...
The European Investment Bank (EIB) has approved a loan request from Northvolt that will see the bank provide a financing facility of up to US$64.8 million to support Northvolt’s pilot demonstration facility.
Well, we seem to say it at the end of every year, but 2017 seemed a lot busier than 2016, 2016 was busier and more exciting than the year before that, and so on! There have been some hints already on what the industry and its observers expect to see in 2018 and we do not doubt energy storage will continue in its rise to become a flexible cornerstone of the world’s electricity infrastructure. In the meantime, let’s reflect on the top news stories of last year, as reported by Energy-Storage.News and based on readership statistics from you:
Start-up Romeo Power has opened a lithium battery pack factory in Los Angeles, aimed at the EV and stationary energy storage markets, aiming to ramp up to 4GWh production capacity by next year.
Tesla has reported a significant year-on-year increase in business for its stationary energy storage systems, but more attention has been focused on delays in Model 3 deliveries and a decline in solar installs.
A Tesla spokeswoman has confirmed that the company’s current undertaking to build a 129MWh battery storage facility will not use long-time supplier and partner Panasonic’s lithium-ion cells.
Automation and engineering group ABB has signed on to become a supplier to a planned European lithium-ion battery ‘Gigafactory’ for Swedish start-up Northvolt.
TerraE Holding, a collaborative initiative to establish large-scale production line manufacturing of lithium-ion cells at a European ‘Gigafactory’, has signed a raw materials deal for anode materials with Australia’s Magnis Resources.
Tesla’s senior director of battery technology since 2006 has quit the company seeking pastures new, a company spokeswoman confirmed this morning.
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).
Northvolt, the Swedish battery start-up founded by former Tesla executives, has closed in on two possible sites for its planned multi-gigawatt production facility.
Power equipment manufacturer Wärtsilä has launched hybrid and standalone energy storage systems, targeting areas where it sees “high market potential”, including remote microgrids and solar PV integration.
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.
Electric car maker turned ‘integrated sustainable energy company’ Tesla installed 98MWh of energy storage in the final quarter of 2016, according to its financial results released last week.
Tesla and Panasonic’s Gigafactory in the Nevada desert has now started making high performance cylindrical battery cells of the type used in its stationary storage and forthcoming Model 3.
EV manufacturer and battery specialist Tesla Motors has reported strong results with a return to profit in Q3 this year and expectations of this positive performance to continue into Q4.
Tesla’s second Master Plan will be mostly funded by sales of its vehicles, particularly the new electric vehicle, the Model 3, chief executive Elon Musk said during a soft launch of the enormous ‘Gigafactory’ in Nevada on Tuesday.
Registration opens today for Tesla’s Model 3, the longer range, cheaper electric vehicle (EV) that the company hopes will repeat the success of its existing luxury models.
Tesla boss Elon Musk has claimed that his company is already sold out of stationary storage products for next year before the first ones have even been shipped to customers.