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Industry news

All the news and views from the world of energy storage and associated industries.

VC funding into new energy markets rises 54% YOY to top $2 billion

VC funding into new energy markets rises 54% YOY to top $2 billion

Funding into battery storage, smart grid, and energy efficiency companies was up 54% in the first nine months (9M) of the year compared to the same period in 2018, according to Mercom Capital Group.

 

Umicore sign deal to supply 80,000 tonnes of lithium-ion cathode materials to Samsung

Battery materials firm Umicore will begin supplying Samsung SDI with around 80,000 metric tonnes of NMC (Nickel Manganese Cobalt) lithium-ion cathode materials next year after signing a multi-year strategic agreement. 

 

Tes announces plans for 14 tonne per day lithium-ion battery recycling facility in Singapore

Tes announces plans for Singapore14 tonne per day lithium-ion battery recycling facility

A new $20 million facility for recycling lithium-ion batteries is set to be opened in Singapore by global e-waste recycler Tes.

 

FCA to build lithium-ion battery hub in Italy ahead of EV production plans

FCA to build lithium-ion battery plant in Italy ahead of EV production plans

Fiat Chrysler Automobiles (FCA) is set to build a battery hub to assemble lithium-ion electric vehicle battery packs at its Mirafiori, Italy, plant as part of its overall e-mobility strategy. 

 

Tata Power and The Rockefeller Foundation launch new firm to deploy 10,000 microgrids in India

India’s Tata Power and The Rockefeller Foundation have formed a company to deploy 10,000 microgrids through 2026 in a bid to bring clean power to five million homes across India. 

 
 

Power multinational EDF reveals electric mobility ambitions with purchase of Pivot Power

EDF Renewables UK, a subsidiary of the French power firm EDF Group, is vying for top spot in the UK battery industry with the buy out of energy storage and electric vehicle charging firm Pivot Power.

ABB opens Swiss factory to manufacture lithium-ion modules for mobile applications

Swiss technology firm ABB is making lithium-ion energy storage systems for mobility applications at a new production facility in Baden, Switzerland.

 

Scientists tackle power and stability concerns to develop cathode for sodium, magnesium and aluminium batteries

Scientists at the University of Maryland have re-designed battery cathodes to make more efficient, stable and affordable rechargeable sodium, magnesium and aluminium batteries.

 

ESS Inc gains $30 million funding for iron flow battery making process

Energy storage firm ESS Inc will use $30 million in new funding to expand and automate the manufacturing process of its second-generation iron flow battery technology. 

 

Investigation finds South Korea must up safety regulations after lithium-ion battery storage fire

Independent energy and certification body DNV GL found weaknesses in monitoring and prevention lead to ‘major issues’ and subsequent fire in South Korean energy storage system.

 

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