Chinese lithium battery giant Contemporary Amperex Technology Co Ltd (CATL) is planning a CNY13.12 billion ($1.98bn) initial public offering to expand its automotive battery business.
CATL said in a Shenzhen Stock Exchange announcement the move will ensure the firm keeps pace with the rapidly-expanding electric vehicle and energy storage markets.
Beijing-based energy storage firm Pu Neng has been awarded a contract to provide what it said will be “China’s largest flow battery” as part of a pilot energy storage project.
A 3MW/12MWh vanadium flow battery will be installed in a 10MW/40MWh at the battery demonstration facility as the first phase of integration with a photovoltaic system to supply the grid in Zaoyang, Hubei Province.
China has announced plans to support a “transformation” of its energy storage industry over the next decade— focusing on the development of an array of technologies including a pilot high performance lead-carbon capacitor battery system.
The national government said it wants to move existing R&D and development activities in the energy storage sector onto full-scale commercialisation.
UK-based energy storage firm redT said it has signed “initial” deals to supply 12 energy storage units using vanadium redox flow technology to firms in Europe and Southeast Asia.
This company declined to give details of the contracts, but said the deals pave the way for redT to potentially supply a total of more than 300 energy storage units in the regions.
Switzerland-based energy storage firm Leclanché is teaming up with a Dutch company on a pilot batteries project aimed at creating a network of energy-efficient electric vehicle (EV) fast charging stations across Europe.
Leclanché said it will initially develop a battery storage system “using large-format lithium-ion batteries” at two unnamed locations for Fastned— which already operates 63 fast charging EV stations it has built in the Netherlands.
Australian flow battery maker Redflow has won a second US$600,000 (A$750,000) order for zinc-bromine batteries for a major energy storage project in the Pacific Islands.
The repeat order, from New Zealand-based Hitech Solutions, comes just a few months after Redflow supplied its ZBM2 batteries for Hitech’s construction of “advanced hybrid energy storage solutions” at a number of telecoms sites.
US energy storage firm NEC Energy Solution (NEC ES) is to supply a Swiss utility with grid storage that will potentially be “the largest battery energy storage system in Switzerland”.
The 18MW/ 7.5MWh GSS grid storage solution including lithium-ion batteries will be delivered to electricity distributor Elektrizitaetswerke des Kantons Zuerich (EKZ) in early 2018.