Powin Energy is the latest international company to target rising opportunities in India.

A 214 acre site which will host a battery cell gigafactory in Arizona, US, has been acquired by KORE Power.

EU-supported European Battery Alliance (EBA) will roll out a newly updated action plan to enable 90% of the Union’s demand for batteries to be met with domestically made products by 2030.

Fluence has formed a partnership with TECO Group to pursue energy storage opportunities in Taiwan’s growing market.

India will not be able to meet its aim of becoming a global leader in battery manufacturing unless it establishes a value chain that embraces recycling.

The US battery storage market is struggling to adapt to rising raw materials costs and has reached a “crisis point”.

Emad Zand, president of Northvolt Systems, on factors impacting the growth of a European battery storage industry.

Four winners have been selected to receive financial incentives from India’s government, to support plans to build 50GWh annual manufacturing capacity of advanced batteries for EVs and ESS. 

A newly-announced battery gigafactory in the US from startup SPARKZ will make batteries suitable for grid storage and will be built in the heart of Appalachian coal county in West Virginia. 

Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030.