At last, after months of lobbying, has the EU’s energy chief seen the light and is he now willing to level the playing field for lead-acid and lithium?
It’s been a year this week since the EU launched its Batteries Alliance to challenge Asia’s dominance of the European lithium battery market. But after months of talking and little concrete action— other than conspiring to kill off lead-acid— the EU’s energy chief now wants to splash more taxpayers’ cash to 'make' things happen. Nothing of course to do with his bid to take over as European Commission president.
What’s going on at JCI? Speculation has been rife for several months that the firm’s batteries business, Power Solutions, could be coming up for sale.
It’s been two years since Total gobbled up Saft in a friendly takeover— amid concern that advances in battery technology might become lost in the oil giant’s fossil fuels portfolio. But judging from recent events not a bit of it.
Entrepreneurs who spot a gap in the market will beg, steal and borrow to find the cash needed to fund a dream and go for it. So bravo Germany, which as we report this week is taking on the EU over restrictive state-aid policies so it can freely invest in battery production.
There are investors out there who are falling over themselves to pump cash into batteries and energy storage worldwide, as we report in the latest edition of our weekly e-newsletter— BEST Battery Briefing.
There is only about a minute left on the battery industry’s ‘Doomsday Clock’ to fight for the survival of the lead-acid industry in Europe.
There’s more evidence this week, as if it were needed…
Asia continues to hog the fast lane for electric vehicle battery development…
The great ‘batteries gold’ rush is under way…