UK-based energy storage company redT has put a 1 megawatt-hour energy storage system (ESS) into operation at Monash University, in Melbourne, Australia.
The company said the vanadium flow/lithium-ion hybrid ESS is the first of its type and believed to be the largest behind the meter commercial and industrial system to be installed in Australia. It is comprised of 12 vanadium flow tank units (giving 900kWh of storage) and a 120kWh lithium-ion battery.
Japanese car giant Toyota has confirmed plans to acquire a 15% stake in Australian-based lithium mining company Orocobre with an estimated investment of AUD292 million ($229m).
The move will help secure stable supplies of a key mineral for future electric vehicle batteries to meet anticipated market demand, Toyota said.
US next-generation battery start-up Cuberg has won a funding boost from a second seed investment round led by the investment arm of aerospace firm Boeing.
Boeing HorizonX said its undisclosed investment would help expand the team and R&D facilities for Cuberg’s battery— which “combines a lithium metal anode, proprietary electrolyte and high-voltage cathode to achieve high energy density and thermal durability”.
Australian mining firm Core Exploration Limited has applied for a licence to develop one of the country’s highest-grade lithium deposits, as part of plans to make inroads into the Chinese battery materials market.
Core said on 19 October it plans to develop its 100%-owned Grants deposit near Darwin, in the Northern Territory, which contains an estimated 1.8 million tonnes of high-grade spodumene— a key mineral in the manufacture of lithium-ion batteries.
A scientific and technological centre in Brazil has teamed up with an English EV research firm to develop new types of lithium batteries.
UK’s Mira has signed a letter of commitment with Fundação Parque Tecnológico Itaipu (FPTI) to develop a centre of excellence for energy storage in Brazil.