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Lithium-ion

Fossil-fuel giants invest in battery storage

Thu, 05/31/2018 - 16:13 -- Xuan Zhong
Fossil-fuel giants invest in battery storage

Germany-based battery storage firm Sonnen and Israeli fast-charge developer StoreDot have secured cash boosts from the investment arms of two fossil fuel multinationals in separate deals.

Germany’s Sonnen has raised EUR60 million ($70.5m) in a financing round led by Shell Ventures— the private equity arm of oil and gas giant Shell.

 

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EU warned on picking ‘winners’ for new battery research cash

Tue, 05/29/2018 - 10:13 -- John Shepherd
EU warned on picking ‘winners’ for new battery research cash

EU leaders have been warned against ignoring lead-acid technology when selecting battery “winners” and bestowing alternative chemistries with millions of euros in fresh funding for advanced battery research.

The warning from the Advanced Lead Acid Battery Consortium (ALABC) came as the European Commission revealed plans to launch a EUR1bn ($1.1bn) “Future Emerging Technologies Flagship initiative”— to support long-term research in advanced battery technologies for a 10-year period from 2025.

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Akasol cylindrical battery ‘boosts driving range’

Fri, 05/25/2018 - 09:47 -- John Shepherd
Akasol cylindrical battery ‘boosts driving range’

German battery manufacturer Akasol has unveiled its first cylindrical-cells battery system with very high energy density which it claims can boost the driving range of plug-in hybrid commercial vehicles “by more that 60%”.

The AKAModule 60 CYC battery system was in the spotlight at last week’s Battery Show Europe in Hannover. 

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BEST in show are fire retardants

Fri, 05/25/2018 - 09:16 -- News Editor
BEST in show are fire retardants

When is a battery show not a battery show? When what it features is mainly related to dealing with non energy storage issues like getting rid of heat and containing fires— at least that’s your scribe’s take on the much publicised Battery Show Europe at the Hannover Messe last week. I’ve renamed it— Vehicle electrification systems today or VEST.

And at VEST last week, the hot products were exactly in that ilk everything else was just motors and wiring looms.

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Business case closed for smart luggage maker over airlines’ lithium ban

Fri, 05/18/2018 - 10:32 -- Xuan Zhong
Business case closed for smart luggage maker over airlines’ lithium ban

The company behind ‘smart luggage’ brand Bluesmart has shut up shop after being grounded by an airlines’ ban on suitcases with non-removable batteries.

Travel tech firm Bluesmart launched its first carry-on suitcase on the crowd funding website Indiegogo in 2014— raising $2.2 million in contributions and reportedly becoming the highest crowd funding project ever for a travel product at that time.

 

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Solid-state batteries “game-changer” for EVs report

Thu, 05/17/2018 - 09:54 -- Xuan Zhong
Solid-state batteries “game-changer” for EVs report

Solid-state batteries are expected to be a “game changer” for the electric vehicle industry, according to a new report.

The batteries are set to open up “significant growth opportunities for future battery chemistries due to manufacturers’ claims of an energy density 2.5 times higher than lithium-ion batteries”, said market analysts Frost & Sullivan.

 

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China EV battery firm cuts production over financial crisis

Wed, 05/16/2018 - 09:18 -- Xuan Zhong
A leading Chinese electric vehicle (EV) battery manufacturer, Shenzhen OptimumNano, has been forced to slash production to just 20% of its capacity amid a financial crisis.  OptimumNano, reportedly China’s third largest EV battery maker as of 2016, said it had taken the drastic move because it has a glut of batteries in stock that it cannot sell.

A leading Chinese electric vehicle (EV) battery manufacturer, Shenzhen OptimumNano, has been forced to slash production to just 20% of its capacity amid a financial crisis.

OptimumNano, reportedly China’s third largest EV battery maker as of 2016, said it had taken the drastic move because it has a glut of batteries in stock that it cannot sell.

 

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BMZ ‘secures cells supply’ with LG Chem deal

Mon, 05/14/2018 - 10:13 -- Xuan Zhong
BMZ ‘secures cells supply’ with LG Chem deal

German lithium-ion battery developer and producer BMZ has signed a long-term battery cells supply deal with South Korea’s LG Chem.

BMZ said the contract covered supplies of “over a few hundred million cells” by the end of 2022 for products in the electro mobility and energy storage markets. 

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Softbank to buy 10% stake in Canadian lithium company

Mon, 04/16/2018 - 10:51 -- John Shepherd
Softbank to buy 10% stake in Canadian lithium company

Japanese holding company SoftBank has signed an agreement to acquire a stake of up to 9.9% in Canada’s Nemaska Lithium.

SoftBank said the undisclosed investment amount in the lithium development firm will help to meet growing demand for batteries uses in electric devices and electric vehicles.

 

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Lithium creep into forklifts grows

Mon, 04/16/2018 - 10:25 -- gerry@bestmag.co.uk
Lithium creep into forklifts grows

The growing impact of lithium-ion power in the traditional lead acid traction market could be seen last week at Modex in Atlanta— a major US supply chain trade fair.

Exide, one of the USA’s big four and predominantly lead-acid makes, launched a lithium-ion battery aimed the forklift  and autonomous guided vehicle market while Navitas announced a lithium-ion deal with Hyster— one of the largest global players in materials handling equipment.

 

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