With dozens of massive new lithium-ion battery factories planned or already under construction in Europe, Panasonic and Equinor are investigating the potential for a “green battery business” in Norway.
What does it take to successfully create a multi-gigawatt battery storage factory? Energy-Storage.news' editor Andy Colthorpe moderates a discussion with some key players in Europe's race to create a home-grown value chain.
We caught up with Bo Normark in his capacity as EIT InnoEnergy executive to discuss the past, present and future of energy storage, with his organisation taking the lead in the European Battery Alliance.
Northvolt has now raised in excess of US$3.5 billion of financing towards its aim of establishing 150GWh of advanced battery manufacturing facilities in Europe by 2030.
Chinese companies CATL and KSTAR have begun supplying ‘all-in-one’ single phase residential energy storage solutions in Europe, kicking off with the market for home storage in the Netherlands.
With the recognition that “battery technology holds the key” to a future of cleaner transport and flexible, resilient electricity grids, four key US government departments have jointly established a Federal Consortium for Advanced Batteries (FCAB).
Lithium has been added to a list of raw materials deemed essential to secure supply in Europe, for the first time ever, by the European Commission.
Northvolt has now raised over US$3 billion to support its plans to become a major player in the European battery manufacturing space, including US$1.6 billion in debt financing which it announced today.
Tesla CEO Elon Musk and fellow executives talked up the potential for Tesla Energy to reach “roughly the same size” as the company’s automotive business in an earnings call with analysts held yesterday.
The company behind what looks set to be Norway’s first gigawatt-scale manufacturing facility for lithium-ion battery cells has secured pre-construction financing of NOK130 million (US$13.85 million) which it said will “enable rapid development” of the plant.
Germany-headquartered battery manufacturer Varta will receive €300 million (US$338 million) of government funding to develop large format lithium-ion cells, which has been deemed a project of potentially strategic interest for Europe.
South Wales is likely to be the location for the UK’s first lithium-ion 'gigaplant', as Britishvolt announces plans to combine the site with solar.
Lithium-ion cell prices will fall by around 46% between now and 2029, according to new analysis from Guidehouse Insights, reaching US$66.6 per kWh by that time.
The European Union’s European Investment Bank (EIB) has affirmed its commitment to supporting a “pan-European battery industry”, while plans of the UK’s first full cycle battery cell gigafactory have been unveiled.
The government of India has announced measures to promote new “Champion Sectors” of economic growth, including support incentives for advanced battery cell and solar PV manufacturing.
Construction looks set to begin this year on a factory building flow batteries, as a joint venture (JV) formed by German tech company Schmid Group and Saudi Arabian investment company Nusaned closed the transaction to seal its partnership.
South Korean lithium-ion battery manufacturer SK Innovation will begin construction on the second of two manufacturing plants in the US state of Georgia this summer, with the first already under construction.
The COVID-19 crisis is bringing into the public eye the US’ dependency on importing goods, particularly batteries for advanced energy storage and electric vehicles, the CEO of a battery materials startup has said.
US-headquartered energy storage manufacturing startup KORE Power has said that its supply partner in China has resumed operations “and is presently working to meet KORE Power’s customer orders”.
Northvolt, the startup which recently netted a US$1 billion equity raise for its initial lithium battery ‘gigafactory’ in Sweden, has said that its ambitions extend deep into the energy storage solutions space, in addition to its involvement with major carmakers.
Manz AG, manufacturing equipment supplier, has signed off on a €20 million (US$21.83 million) deal with “high performance” battery maker AKASOL for planned ‘gigafactories’ in Germany and in the US.
The India Energy Storage Alliance (IESA) has welcomed provisions in finance minister Nirmala Sitharam’s Union Budget 2020-2021 to support renewables and prioritise climate change policy, although the group hopes more will be done to support in-country manufacturing of batteries for applications including ESS.
News in brief from around the world in energy storage.
Recommendations made to the government of India as it prepares to publish its union budget for 2020 from industry group India Energy Storage Alliance (IESA) include measures to support both the upstream of industry and the downstream of clean energy deployment.
Manz AG has signed an agreement with China’s Shenzhen Yinghe Technology for strategic cooperation in lithium-ion cell and module production.
Northvolt, the start-up aiming to manufacture lithium-ion batteries on a massive scale in Europe sustainably, has signed a contract to deliver its own first commercial energy storage system (ESS) project and revealed news on a second planned 'gigafactory' in Germany.
Tesla has come under fire for its employment practices once more, with reports of discrimination complaints laying bare worries over profitability at the firm's very top.
Tesla will “build batteries, powertrains and vehicles” at its European gigafactory, which company CEO Elon Musk has tweeted will be in the Berlin area of Germany.
While lithium-ion enjoys the most media and customer interest at the moment, alternative technologies for storing energy could become competitive – if investors are willing to take them on to the extent that manufacturing efforts can be greatly scaled up.
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.