An examination, analysis and perspectives on the takeaways and highlights beyond the hype of Tesla’s latest and most ambitious plans yet, from market analysts, technologists and more.
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.
Lithium battery cells will be rolling off a production line at a 16GWh-capacity factory in France in 2023, with manufacturing startup Verkor then planning to scale up to 50GWh “in line with market dynamics”.
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.
A new project called ‘Zero Carbon Lithium’ is being established in Germany by a start-up lithium exploration company with the aim of establishing carbon neutral lithium production.
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.
Calls have been made across Europe for recognition and support for the vital role that energy storage can play in decarbonisation, reducing air pollution and contributing to a ‘green recovery’, both through legislation and industry sector activity.
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.
Europe approves US$3.5bn for R&D in major push to create sustainable battery manufacturing ecosystem
European Commission greenlights €3.2bn research plan by seven major states to turn continent into global battery hub even as it signals it is ready to block imports on environmental grounds.
InnoEnergy has launched a platform designed to “bridge the gap” between financial institutions and battery businesses.
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.