A German-Saudi partnership has been formed to develop and manufacture vanadium redox flow batteries (VRFB) in Saudi Arabia.
The joint venture— formed by German technology firm the Schmid Group, Saudi government-backed Nusaned Investment and the kingdom’s RIWAQ Industrial Development Company— expects to have a “gigawatt-scale manufacturing facility” producing VRFB systems in Saudi Arabia in 2020.
Electriq has partnered with Mattamy, which describes itself as North America’s largest privately owned homebuilder, to offer ‘PowerPod’ lithium-ion battery storage systems as part of an “advanced energy programme” to reduce electricity bills.
Lead-acid battery maker Enersys has completed a US$750 million deal to acquire US-based Alpha Technologies.
Enersys president and CEO David Shaffer said the finalisation of the deal, unveiled last month, creates the only fully-integrated DC power and energy storage solution provider for broadband, telecom and energy storage systems.