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.
European gigafactory group FREYR’s new technology resources campus and business unit in Japan could see it partner with companies in addition to existing technology provider 24M, CEO Tom Jensen told Energy-Storage.news.
Lithium-ion gigafactory company Northvolt’s energy storage system (ESS) assembly factory in Poland has won a share of €1.8 billion (US$1.8 billion) in EU grant funding, along with a battery recycling plant in north France.
Volkswagen has started construction of its 40GWh battery cell gigafactory in Salzgitter, Germany, and the company plans to dedicate capacity to grid-scale energy storage in future.