Despite having the largest lithium reserves in the world, Latin America (LATAM) has lagged far behind other continents when it comes to setting up lithium-ion gigafactories.
Shanghai-based WeView has raised US$56.5 million in several rounds of financing to commercialise the zinc-iron flow battery energy storage systems technology originally developed by ViZn Energy Systems.
Gigafactory company FREYR Battery is making moves in the US market with the establishment of a technology centre in Boston and the appointment of a VP of operations there.
Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA) which passed today.
