More than two-thirds of the planned lithium-ion battery production capacity in Europe is at risk of delay, downsizing or cancellation mainly due to the Inflation Reduction Act, according to a new study.
German commercial and industrial (C&I) energy storage system firm Tesvolt is investing €60 million in a new manufacturing hub at its headquarters in Lutherstadt Wittenberg.
Our Next Energy (ONE) has raised US$300 million for its LFP cell gigafactory in Michigan while Turkish Kontrolmatik has started building its plant in South Carolina.
Zinc-air flow battery company Zinc8 Energy Solutions has won US$9 million in state tax credits for its new manufacturing facility in Ulster County, New York.
A total of US$92 billion has been invested in the US battery supply chain since Biden took office in January 2021, including recent projects announced by ICL and Rhyolite.
