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India ‘poised for $3bn energy storage investment’

Wed, 11/29/2017 - 12:56 -- Xuan Zhong
India ‘poised for $3bn energy storage investment’

India’s expanding energy storage market is poised to attract more than $3 billion in new investments over the next three years, according to a new study by the India Energy Storage Alliance (IESA).

The IESA said the bulk of the investment is expected to go into setting up two to four Gigafactories for the manufacture of advanced lithium-ion batteries.

 

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Toyota-Suzuki map out Li battery plans for India

Thu, 11/23/2017 - 10:21 -- Xuan Zhong
Toyota-Suzuki map out Li battery plans for India

Japanese auto giants Toyota and Suzuki have agreed the next steps to launching a range of electric vehicles in India by “around 2020” using locally made lithium-ion batteries.

Toyota said on 17 November the firms had concluded a memorandum of understanding (MOU) on moving forward with the project.

 

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Amara Raja deals “mitigate” impact of new lead price rises

Tue, 11/21/2017 - 14:00 -- News Editor
Amara Raja deals “mitigate” impact of new lead price rises

The CEO of India’s Amara Raja Batteries said the firm is braced for further hikes in the price of lead into 2018— but that it has “mitigated” the impact through existing contracts.

S Vijayanad said while LME prices had seen “close to 25% growth” over the past year, the industrial and automotive battery maker expects to see lead prices “in the range of $2,400 to $2,500 per metric ton” by next spring.

 

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GS Yuasa production boost marks centenary

Thu, 11/16/2017 - 10:27 -- Xuan Zhong
GS Yuasa production boost marks centenary

Japan-based lead-acid battery manufacturer GS Yuasa has told investors it is on track to expand production in at least three other countries as it marks 100 years of operations.

GS Yuasa said new production facilities will come on line in Turkey, China and India in 2018— and the group plans to make inroads into the lucrative electric vehicles (EV) battery market.

 

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India joins Leclanché in Ontario energy investment

Thu, 11/16/2017 - 10:25 -- Xuan Zhong
India joins Leclanché in Ontario energy investment

Indian firm EPAL and Swiss battery maker Leclanché are jointly investing $12 million in a lithium battery storage facility nearing completion in in Canada’s Ontario province.

The 28MW/14MWh advanced battery storage project, known as Basin 1 (6MWh) and 2 (2MWh), was built and owned by the Leclanché and Canadian developer. It is the first utility scale energy storage facility designed to improve stability on the Ontario grid, with a total investment of approximately $25m.

 

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India’s Amara Raja ‘eyes expansion into Li-on’

Tue, 10/17/2017 - 09:33 -- News Editor
India’s Amara Raja ‘eyes expansion into Li-on’

Indian lead-acid battery maker Amara Raja Batteries is reportedly preparing to branch out into “alternative chemistries” as part of business expansion plans.

Amara chairman Ramachandra N Galla told India’s Business Standard: “We expect to finalise the technologies and the investment plans in a year or two. The work on research, capital costs and partnerships is currently under way.”

 

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Leclanché batteries to power EV fast-charging partnership

Wed, 09/27/2017 - 09:45 -- News Editor
Leclanché batteries to power EV fast-charging partnership

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.

 

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India’s lead battery market ‘on the up’

Mon, 09/18/2017 - 11:41 -- News Editor
India’s lead battery market ‘on the up’

The lead-acid business in India is set to soar over the next few years and demand from stationary and motive applications (SMA) will more than double in value, according to a new report.

The India Energy Storage Alliance (IESA) said the value of the country’s lead-acid batteries market is currently worth around Rs27,000 crore ($4.2 billion)— of which the SMA market share accounts for Rs12,650 crore ($1.98bn).

 

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Indian Exide plans foray into lithium

Tue, 08/01/2017 - 09:33 -- News Editor
Indian Exide plans foray into lithium

Exide Industries, the Indian lead-acid battery maker, is gearing up to ride the next wave of growth with a foray in lithium-ion batteries.

"We are in a very disruptive stage as far as the battery industry is concerned. There is so much talk about e-buses, e-cars, etc. Elon Musk is creating such a hype. We are keeping our plans flexible currently.

 

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Japanese giant benefits from India’s green push

Fri, 06/16/2017 - 10:48 -- Xuan Zhong
Japanese giant benefits from India’s green push

The fast-growing telecom sector in India has become Panasonic’s major growth driver for energy storage products in the country, company officials say.

The Japanese tech giant reports the sector has generated more than $100 million in sales of lithium-ion battery-based solutions in the last three years, as telecom service operators invest in renewable energy plus storage.

 

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