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Memorandum of Understanding (MoU)

UK battery maker signs MoU to build lithium-ion plant in Australia

Tue, 09/22/2020 - 10:31 -- Paul Crompton

UK-based battery maker AMTE (formerly AGM Batteries) has signed a memorandum of understanding (MOU) with infrastructure firm InfraNomics with the goal of making lithium batteries in Western Australia.

The MoU, signed on 15 September, will evaluate the technical and commercial viability of lithium-ion cell manufacturing in the country focused on eservices the energy storage sector.

AMTE made headlines early this year when it signed a MoU with Britishvolt, to build the UK’s first lithium-ion battery cell gigafactories servicing the automotive and energy storage markets.

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MOU paves way for sodium-sulfur battery use in green hydrogen projects in Korea

Tue, 09/15/2020 - 11:38 -- Paul Crompton

A subsidiary of German chemical company BASF will supply sodium-sulfur batteries to Korean power-to-gas (P2G) company G-Philos after the pair signed a memorandum of understanding (MoU) on 10 September.

Wholly owned subsidiary BASF New Business (BNB) will supply a total of 19.2MWh of sodium-sulfur(NaS) batteries to G-Philos for P2G projects in Korea. 

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Azelio plans 25 MW of energy storage installations in Jordan

Wed, 01/15/2020 - 11:55 -- Paul Crompton

Swedish thermal energy storage developer Azelio has outlined plans to deploy about 25MW of its systems in Jordan after signing a memorandum of understanding (MoU) with contracting firm Hussein Atieh & Sons (HAE).

The pair announced on 13 January they would deliver the capacity through 2023 under the commercial collaboration starting with a 50kW installation in the final quarter of this year.

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Investment deal signed for batteries and EVs plant in Andhra Pradesh

Thu, 03/07/2019 - 11:52 -- John Shepherd
J. Krishna Kishore (left) signs the MOU with Urja Global’s director and chief financial officer Avinash Kumar Agarwal.

Indian Renewables developer Urja Global is investing the equivalent of US$28 million to build a combined electric vehicle and lithium-ion battery manufacturing plant in the state of Andhra Pradesh.

Urja’s has signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to build the facility in one of three shortlisted cities— Anantapur, Nellore, and Chittoor.

The APEDB said the plant will produce “high technology lithium-ion Batteries and EVs for the electric mobility ecosystem”.

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Battery giants back Korean R&D investment fund

Wed, 12/19/2018 - 00:00 -- John Shepherd
Yunmo Sung

Three South Korean battery giants have signed up to an agreement to support the launch of a government-backed “next-generation batteries investment fund”.

Samsung SDI, LG Chem and SK Innovation have signed a memorandum of understanding (MOU) to support the KRW1 billion (US$885,000) fund, the Ministry of Commerce, Industry and Energy (MOCIE) said.

The signing comes a year after South Korea’s government said it would support plans to expand domestic battery production and challenge China’s increasing dominance of the global market.

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Historic moment as flow battery and vanadium companies signs MoU

Mon, 07/25/2016 - 11:59 -- Paul Crompton
Historic moment as flow battery and vanadium companies signs MoU

US flow battery maker Vionx Energy has entered into a nonbinding memorandum of understanding (MoU) with Canadian vanadium producer Largo Resources.

The MOU outlines the principal terms upon which Vionx will base a final deal in which it will use Largo’s vanadium electrolyte in its Vanadium Redox Battery (VRB) systems.

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