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Industry news

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

Honda drives new investment round in UK’s Moixa

Honda drives new investment round in UK’s Moixa

Japanese carmaker Honda has led an £8.6 million (US$10.9m) funding round to boost investment in UK battery tech firm Moixa.

Northvolt clinches gigafactory EU loan deal

Northvolt clinches gigafactory EU loan deal

The European Investment Bank (EIB) has confirmed its approval in principle of a €350 million (US$391m) loan for Swedish battery maker Northvolt to build a 16GWh capacity lithium-ion battery cell plant— as revealed by BEST Battery Briefing last week.

European partners launch German BESS

European partners launch German BESS

A 22MW lithium-ion battery energy storage system has been inaugurated in Germany by a European consortium.

 

Regulators in BESS safety review warning after US explosion

Regulators in BESS safety review warning after US explosion

Regulators in the US have warned a major shake-up of safety standards may be needed for home battery storage systems in the wake of an explosion at a lithium-ion grid-scale battery storage facility in Arizona.

 

UK pumps extra cash into national battery centre

UK pumps extra cash into national battery centre

The UK government is investing extra cash in the project to build a battery centre in the city of Coventry as a “stepping stone” towards launching a national gigafactory.

 

Vanadium redox batteries plan for Saudi Arabia

Vanadium redox batteries plan for Saudi Arabia

A German-Saudi partnership has been formed to develop and manufacture vanadium redox flow batteries (VRFB) in Saudi Arabia.

 

SK Innovation to expand battery production in China

SK Innovation to expand battery production in China

South Korea’s SK Innovation (SKI) is to build a second battery manufacturing plant in China in response to increasing global demand from the electric vehicle sector.

 

Farasis Energy selects Germany for first European LIB plant

Farasis Energy selects Germany for first European LIB plant

San Francisco-based lithium-ion tech company, Farasis Energy, plans to invest more than €600 million (US$672m) in building a battery cell, module and packaging production facility in the eastern German state of Saxony-Anhalt.

CATL and LG Chem sign Volvo battery supply deals

CATL and LG Chem sign Volvo battery supply deals

Chinese and Korean battery makers have signed deals to secure the “multi-billon-dollar” long-term supply of electric vehicle batteries for Swedish car firm Volvo.

VW coy on partnership and funding for €1bn battery cells plant

VW coy on partnership and funding for €1bn battery cells plant

German carmaker Volkswagen is to invest “just under €1 billion” (US$1.1bn) to build a proposed battery cell production facility in the country with an undisclosed partner.

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