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Aggreko in £40M deal to acquire Younicos

Wed, 07/12/2017 - 10:17 -- News Editor
Aggreko in £40M deal to acquire Younicos

Scotland-based Aggreko has announced a £40 million ($51.8 million) deal to acquire German renewables and energy storage provide firm Younicos.

Aggreko, which is based in Glasgow, said it had set its sights on Younicos’ integrated battery storage technology, which could be deployed across Aggreko’s existing business to “lower the cost of energy, ensure reliability and reduce carbon emissions” for its customers.

 

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Foxconn ‘plans major Li battery investments’ in China

Fri, 07/07/2017 - 11:27 -- News Editor
Foxconn ‘plans major Li battery investments’ in China

Taiwan-based electronics manufacturer Foxconn is reportedly planning to invest a total of CNY25 billion ($3.7 billion) in several projects as part of the development of a new energy battery R&D centre and production base in Kunshan, in China’s Jiangsu Province.

China’s state Xinhua News Agency said CNY8 billion ($1.2 billion) will be invested in the first phase, as agreed in a strategic cooperation agreement the company signed with the Kunshan government.

 

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China’s battery makers urged to boost production for e-cars

Mon, 07/03/2017 - 10:52 -- News Editor
China’s battery makers urged to boost production for e-cars

China is reportedly urging the country’s battery makers to redouble their efforts to keep pace with demand for products, driven by the “rapidly growing” domestic new energy vehicles industry.

According to China’s Sina Finance, the Ministry of Industry and Information Technology (MIIT) has warned the battery sector “is currently finding it difficult to keep up with demand” from new energy vehicle manufacturers.

 

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Qualcomm confirms Amionx investment

Fri, 06/30/2017 - 09:51 -- News Editor
Qualcomm confirms Amionx investment

Qualcomm Incorporated said it has made a “strategic investment” in safe battery technology firm Amionx.

As part of the deal – the financial terms of which were not disclosed – Qualcomm president Derek Aberle (pictured) will join the board of Amionx.

 

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Panasonic and Pika Energy tie-up on ‘smart battery’

Fri, 06/30/2017 - 09:46 -- News Editor
Panasonic and Pika Energy tie-up on ‘smart battery’

Panasonic Eco Solutions North America said it is teaming up with US-based inverter manufacturer Pika Energy to offer the DC-coupled solar smart battery Harbor 10P/15P.

The companies, which plan to start shipping in late 2017, said Harbor Smart combines Panasonic’s lithium-ion battery modules and Pika Energy’s power electronics in one “slim, floor-standing, wall-mounted enclosure”.

 

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Energy firm launches storage R&D project for renewables

Thu, 06/29/2017 - 15:33 -- Paul Crompton
Energy firm launches storage R&D project for renewables

Hungarian energy firm Alteo is launching a project valued at around HUF 1.1 billion ($4 million) aimed at creating an “innovative” battery-based storage model for “weather-dependent” energy sources.

The project, which is backed by an HUF500 grant from Hungary’s National Research and Development and Innovation Office (NKFIH), will focus on developing a system to make it easier to forecast and plan the utilisation of weather-dependent power supplies, Alteo said.

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Private equity firm Foresight acquires UK battery storage facility

Tue, 06/27/2017 - 15:33 -- Xuan Zhong
Private equity firm Foresight acquires UK battery storage facility

Infrastructure and private equity firm the Foresight Group has acquired the utility scale Port of Tyne 35MW battery storage project in the UK from Renewable Energy Systems (RES) for an undisclosed sum.

Foresight said the acquisition of the lithium-ion project, which RES will continue to develop and then operate, “is the largest of the National Grid’s enhanced frequency response battery storage projects to attract investment from an infrastructure investment manager in the UK”.

 

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Doubts over Fisker’s ‘game-changing’ batteries for new EV

Mon, 06/19/2017 - 10:05 -- Xuan Zhong
Doubts over Fisker’s ‘game-changing’ batteries for new EV

The famous car designer, Henrik Fisker (pictured), who will launch an electric car with a claimed range of 400 miles this summer, has set up his own battery-making company, Fisker Nanotech.

Danish-born Fisker, who designed the Aston Martin V8 Vantage and DB9, and the BMW Z8, originally said his new EV, the EMotion, would feature “game-changing” battery technology that marries a graphene supercapacitor and a lithium-ion battery for nine-minute fast charging capability.

 

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Storage’s time ‘is coming’ as prices fall

Mon, 06/12/2017 - 16:37 -- Xuan Zhong
Storage’s time ‘is coming’ as prices fall

Full grid defection – combining solar with storage and a small electrical generator – will make economic sense in a matter of years, not decades, for some customers in high-cost markets.

That’s the prediction of respected business consultancy firm McKinsey & Company.

 

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