Lyten’s deal to acquire and recommence operations of European battery firm Northvolt out of bankruptcy has winners and losers, but some of the challenges that led to its demise have already been solved.
The annual capacity of battery cell manufacturing for ESS in the US looks set to reach 50GWh by the end of next year, based on recent company announcements.
Energy storage is essential to capture solar and wind generation, Karnataka’s energy minister said, at the opening of the ‘first fully automated’ battery storage factory in India.
We hear from sources about the state of health of Europe’s battery ecosystem, and how current industry incumbents are hoping to learn from the mistakes of their predecessors.
We hear from startup Volklec which, like another European battery company Elinor, will build its batteries with a Chinese technology and manufacturing partner. They both say this will get around the challenges that ultimately doomed Europe’s first wave of battery startups, with Northvolt today declaring bankruptcy in Sweden.
Norway-based startup Elinor Batteries has launched a new product, the Orkan DC Block, which it claims will deliver 30% more energy density than existing products.