Turkish company Kontrolmatik Technologies expects over US$900 million in incentives from the Inflation Reduction Act to 2032 for its US gigafactory, with Powin one of its first offtakers.

Gotion is in a joint venture (JV) building a lithium iron phosphate (LFP) cell gigafactory in Vietnam, targeting EV and ESS sectors.

Lithium-ion gigafactory company FREYR has chosen the state of Georgia for its planned US production facility amidst reports it is in talks to raise US$500 million from private equity firm KKR.

Taiwan-based Aleees will provide its lithium iron phosphate (LFP) cathode manufacturing process technology for ICL Group’s US$400 million facility in Missouri, US.

Manufacturing firm Arxada has started producing Prussian blue materials for Natron sodium-ion battery production while US-based Mitra Chem has hired EPC firm Bechtel to design its LFP cathode facility.

Developer Primergy Solar has entered into a sole battery supply agreement with lithium-ion battery manufacturer CATL for the Gemini solar-plus-storage project in Nevada, US.

FREYR Battery has signed a series of agreements that bring its plans for gigafactories in Europe and later the US closer to fruition.

GIGA Buffalo, the largest battery energy storage system in the Netherlands provided by technology group Wärtsilä, has been officially inaugurated after 10 months of construction.

The mismatch between supply and demand for lithium batteries presents a challenge to the global transition to sustainable energy.

Recently-formed energy storage developer Ingrid Capacity is building a 70MW battery storage facility in Sweden for a H1 2024 delivery date, the largest planned in the Nordic country.