A total of US$92 billion has been invested in the US battery supply chain since Biden took office in January 2021, including recent projects announced by ICL and Rhyolite.
ASX-listed Altech Chemicals and research institute Fraunhofer-Gesellschaft have progressed plans for a 100MWh plant in Germany to produce the latter’s energy storage-focused sodium solid state battery technology.
Europe needs to act now to prevent an outflow of investment from its burgeoning battery manufacturing ecosystem in light of the US’ Inflation Reduction Act, the EU-founded European Battery Alliance (EBA) has said.
American Battery Factory, a new firm planning a network of lithium iron phosphate (LFP) battery manufacturing facilities in the US, has chosen a site in Arizona for its first.
Planned lithium-ion battery gigafactory capacity in the US has grown twice as fast as in Europe since the Inflation Reduction Act was passed, Benchmark Minerals Intelligence told Energy-Storage.news.
The Inflation Reduction Act should accelerate current efforts to move battery cell production nearer to the US, the senior director of manufacturing for Fluence told Energy-Storage.news.
Mining giant Rio Tinto has invested US$10 million in battery materials company Nano One, a few weeks after Nano One acquired the lithium iron phosphate cathode business of Johnson Matthey.
Renewable energy developer ZEN Energy has taken on responsibility for a 600-800MWh battery energy storage system (BESS) project in Western Australia while the regional government is funding a downstream graphite facility project for battery applications at the same location.
