Companies in the battery storage industry raised US$9.6 billion in corporate funding during H1 2021, with European manufacturing startup Northvolt once again the biggest single recipient of venture capital (VC) investment.

A subsidiary of Russian state-owned nuclear technology and electric utility company Rosatom, will establish domestic lithium-ion battery cell and manufacturing facilities, following a deal to acquire 49% of South Korean company Enertech International.

It will be in the interests of more or less everybody involved in the “broader lithium-ion battery supply chain” to establish effective recycling ecosystems, according to an analyst with IHS Markit.

Tesla hosted its Battery Day yesterday in California before a socially-distanced audience all sat in various electric cars from the company’s range and revealed its ambitious plans for more than halving the cost of battery production.

Whatever technology or strategy announcements come from Tesla’s Battery Day, speculation that the company will reduce purchases of battery cells from partners as a consequence is incorrect, CEO Elon Musk has said.

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.