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South Korea plans Li-on push in face of China sanctions

Mon, 09/18/2017 - 11:46 -- News Editor
South Korea plans Li-on push in face of China sanctions

South Korea is backing plans by the country’s battery giants to inject a total of KRW2.3 trillion ($2.3 billion) into the sector over the next three years, to expand production and challenge China’s increasing dominance of the market.

The move, led by battery giants LG Chem, Samsung SDI and SK Innovation Companies is in response to Chinese sanctions the firms say effectively block the use of South Korean batteries in electric vehicles in China.

 

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Gridtential secures $11m investment boost

Mon, 09/11/2017 - 11:43 -- News Editor
Gridtential secures $11m investment boost

Advanced battery firm Gridtential has completed an $11 million Series B equity raise to boost “commercial opportunities” for its Silicon Joule battery technology in hybrid vehicle, grid storage and other global markets.

Gridtential said the equity raise was led by US-based venture capital firm, 1955 Capital, with leading battery businesses.

 

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Romeo Power woos investors for storage start-up

Wed, 08/30/2017 - 10:14 -- News Editor
Romeo Power woos investors for storage start-up

California energy storage start-up Romeo Power— which boasts a workforce including “top engineers and designers” from business rivals Tesla— has secured $30 million in seed financing.

Romeo said on 24 August it was now pushing ahead with the installation of a fully-automated 113,000 square-foot manufacturing facility in Los Angeles that is set to be ready by the year’s end.

 

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Gigafactory concept man bows out from Tesla

Fri, 08/18/2017 - 10:02 -- News Editor
Gigafactory concept man bows out from Tesla

Kurt Kelty (pictured), the battery engineer who envisioned the concept of taking a simple 18650 cell and transforming it into the heart of every Tesla battery pack, as well as dreaming up the concept of the ‘Gigafactory’, has left the company after eleven-and-a-half years.

In an e-mail to his friends and business contacts, Kelty wrote: “Our mission was to get us away from fossil fuels. We had a path: the Roadster, then moved on to Model S and ended with Model 3. Over the years, we have stayed true to our mission and on track with our roadmap (with the exception of the addition of Model X). Model 3 was always going to be the culmination of all our work – where we hit it out of the park and convinced the world that EVs were unbeatable. We are now at that point.”

 

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Another ‘gigafactory’ for Europe?

Thu, 08/10/2017 - 09:55 -- News Editor
Another ‘gigafactory’ for Europe?

New German company TerraE Holding GmbH has formed a consortium of 17 major companies and research institutions – and plans to construct two large-scale lithium-ion battery cell production plants in the country.

CEO Holger Gritzka (pictured) says the factories will be operated as “foundries”, meaning that TerraE Holding GmbH will build and operate them, and produce lithium-ion cells according to customers’ specifications.

 

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Panasonic expects profit from Tesla batteries by year-end

Wed, 08/09/2017 - 09:28 -- News Editor
Panasonic expects profit from Tesla batteries by year-end

Electronics giant Panasonic expects to see a profit from Tesla’s Model 3 batteries by the end of the year.

Panasonic began battery cell production for the mass-market electric vehicle at their $5 billion Gigafactory in Nevada, USA, in June. 

 

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‘Build 6 nuclear plants or make energy independent vehicles’

Tue, 08/08/2017 - 10:48 -- News Editor
‘Build 6 nuclear plants or make energy independent vehicles’

The UK government’s sudden interest in battery technology became a little clearer last week. If the country meets its commitment to phase out all petrol and diesel vehicles by 2040, it could need the equivalent of six nuclear power plants to charge all the electric vehicles.

The UK National Grid’s solution, outlined in its ‘Future Energy Scenarios’ report (published last month), is smart charging which, it says, could substantially decrease the pressure on the system at peak times, reducing additional demand from electric vehicles to 3.5GW by 2030 from a potential scenario of 8GW of extra demand.

 

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Britain surprises all with £246 million battery jumpstart

Mon, 07/31/2017 - 10:18 -- News Editor
Britain surprises all with £246 million battery jumpstart

The minute UK battery and energy storage market was taken by surprise last week with UK business secretary Greg Clark’s (pictured) statement to invigorate the UK energy storage scene.

The launch of the first phase of a £246 million ($322M) government investment into battery technology is said to ensure the UK ‘builds on its strengths and leads the world in the design, development and manufacture of electric batteries’.

 

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New Epsilon ‘energises leisure time’

Fri, 07/28/2017 - 09:26 -- News Editor
New Epsilon ‘energises leisure time’

Dutch battery firm Super B has said the launch of its Epsilon lithium-ion battery will “solve limitations” on camping and boat trips.

The company said Epsilon weighs 12.5 kilogrammes and has a life equal to 5,000 cycles – “which is five times more than traditional batteries can offer”.

 

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EVs will be only new cars sold in Europe from 2035 - report

Wed, 07/26/2017 - 15:39 -- News Editor
EVs will be only new cars sold in Europe from 2035 - report

Only electric passenger cars will be sold in Europe from 2035 as a result of falling battery costs, economies of scale and increased support from governments, according to a new study by Dutch banking group ING.

According to the ‘Breakthrough of electric vehicle threatens European car industry’ report, compiled by ING senior economists Max Erich and Jurjen Witteveen, issues currently overshadowing electric vehicles (EVs) – such as range anxiety and pricing – “will be overcome within the next seven years.

 

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