European gigafactory company Northvolt has signed a US$1.1 billion convertible note to finance the expansion of its lithium-ion battery production, ahead of a potential IPO in the next two years.
New sodium-ion battery production facilities have been announced in the US and Sweden by Natron Energy and Altris, respectively, with both set to start production in 2023.
Swedish public utility Vattenfall has opened its Energypark Haringvliet in the Netherlands, which combines wind, solar and a 12MWh battery energy storage system (BESS).
Sweden’s largest electric vehicle (EV) truck charging park will be completed later this year with a 2MW battery energy storage system (BESS) and, approvals permitting, 500kW of connected solar, the CEO of the haulier behind it has exclusively told Energy-storage.news.
The first lithium-ion battery cells have been produced at Northvolt’s new gigafactory in Sweden and a UK sodium-ion battery startup has been acquired by the solar subsidiary of India’s Reliance Industries.
China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry.