Is Europe picking up the pace on batteries? The answer is 'yes'… if initial indications reported by BEST Battery Briefing are anything to go by.
Although Switzerland-based battery company Leclanché is playing its cards close to its chest, CEO Anil Srivastava revealed to BBB the firm is promising to introduce a "breakthrough" battery technology as part of its contribution to a German government-backed consortium for battery development. Although based in Switzerland, Leclanché has a strong manufacturing base in Germany.
Meanwhile, Munich Re has launched a battery performance insurance policy which already has its first taker— US-based all-iron flow battery maker Energy Storage Systems. The insurance product could help boost investor confidence when it comes to backing major energy storage projects, which is just the kind of innovation the sector needs to move ahead.
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