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Itochu

Japanese firms team up to create 1MWh second-life lithium-ion ESS business

Tue, 10/29/2019 - 15:14 -- Paul Crompton

Three Japanese firms are in talks to develop a business that will reuse end-of-life lithium-ion electric vehicle (EV) batteries in energy storage systems.

Japanese trading house Itochu will partner with BYD, as well as forming an equity and business partnership with vehicle battery recycler Shenzhen Pandpower, reports Nikkei Asian Review news source.

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24M funding boost for semi-solid tech

Wed, 12/19/2018 - 00:00 -- John Shepherd
Photo: 24M

Semi-solid lithium-ion cells company 24M is to pump more than $20 million into speeding up deployment of the technology for the electric vehicle market.

US-based 24M said it had raised a total of $21.8m in series D financing to boost development of its “simple, capital-efficient, low-cost manufacturing process and the development of differentiated, high energy density lithium-ion cells”.

The financing was led by Japan-based ceramics manufacturer Kyocera and Japanese trading house Itochu. Previous investors also taking part in the round included North Bridge Venture Partners.

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Sun rises on US-Japanese partnership for solar-plus-storage

Mon, 12/10/2018 - 00:00 -- Hugh Finzel

US-based solar-plus-storage specialist Sunnova Energy and Japanese sogo sasha (general trading company) Itochu have entered a business alliance “to promote the service and capabilities of solar plus storage solutions in the United States.” Under the agreement, Itochu has made an (undisclosed) equity investment in Sunnova.

The two companies have indicated intentions to evaluate “GrideShare Client”— the AI software of UK-based residential energy storage firm Moixa— for use in Sunnova’s solar-plus-storage systems.

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Moixa investment boost to export battery tech to Japan

Mon, 02/05/2018 - 11:12 -- John Shepherd
Moixa investment boost to export battery tech to Japan

UK-based residential energy storage firm Moixa is to export British battery technology to Japan under a partnership agreement with the country’s Itochu trading house.

The deal, which includes a GBP5 million ($7.1m) investment in Moixa by Itochu, a Fortune 500 company, will enable Moixa to launch its GridShare platform in Japan— technology that manages and optimises home energy storage systems.

 

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