Companies in the battery storage industry raised US$9.6 billion in corporate funding during H1 2021, with European manufacturing startup Northvolt once again the biggest single recipient of venture capital (VC) investment.
A subsidiary of Russian state-owned nuclear technology and electric utility company Rosatom, will establish domestic lithium-ion battery cell and manufacturing facilities, following a deal to acquire 49% of South Korean company Enertech International.
Whatever technology or strategy announcements come from Tesla’s Battery Day, speculation that the company will reduce purchases of battery cells from partners as a consequence is incorrect, CEO Elon Musk has said.
