Panasonic has given the first indication of the expected size of its investment in collaborator-competitor Tesla’s battery Gigafactory, which according to the company’s president could be up to US$1.6 billion.
Making safe lithium-ion based home energy storage systems is not really a challenging prospect, but standards need to be adopted across the whole industry, German research and education institution Karlsruhe Institute of Technology (KIT) has said.
Battery and storage system maker A123 will double its production output to 1.5GW through a capital expansion plan worth more than US$300 million, the initial phase of which the company says has already begun.