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Lead-acid bipolar firm ABC secures investment during Series B funding round

Thu, 10/15/2020 - 09:58 -- Paul Crompton

Bipolar lead-acid battery developer Advanced Battery Concepts (ABC) has secured investment from Nuveen, the $1 trillion global investment arm of asset management firm TIAA, during its Series B growth equity round.

The undisclosed sum will help ABC, which develops and licenses technology related to its bipolar architecture, to move to the next stage of growth and help it build relationships in ‘new markets and geographies’.

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Saft doubles lithium-ion electrolyte capacity at workshop in France

Fri, 10/09/2020 - 10:10 -- Paul Crompton

Lithium-ion battery maker Saft — a subsidiary of French fossil fuel firm Total— has inaugurated its new electrolyte workshop at Poitiers, France.

Announced last year, the additional 1,900 square metre facility will double the site’s annual production capacity to 1,000 tonnes when production begins early next year.

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Alumina firm moves to next stage of commercialising its lithium-ion battery boosting material

Mon, 09/28/2020 - 10:48 -- Paul Crompton

Battery materials firm Altech Chemicals is in the final development stage of its high purity alumina (HPA) grade material designed to increase performance of lithium-ion battery anodes. 

The Western Australian-based company is proceeding to an independent verification phase of its method for the alumina coating of graphite particles. 

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Li-Cycle reveals plans for $175 million lithium-ion battery recycling hub in New York

Mon, 09/28/2020 - 10:16 -- Paul Crompton

Canadian firm Li-Cycle is set to invest more than $175 million in its first commercial lithium-ion battery-recycling facility in New York.

Earmarked for Eastman Business Park (EBP) in Rochester, the Hub will be a hydrometallurgical facility that will refine battery-grade materials from 'black mass' generated from pre-processing spent lithium-ion batteries.

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Battery asset operator Arenko appoints new commercial director

Tue, 09/22/2020 - 10:39 -- Paul Crompton

Power trading and AI battery software operator Arenko has appointed Jacob Monroe as its commercial director.

Jacob joins Arenko from US-firm Advanced Microgrid Solutions, where he was the vice president of business development where he closed the closed the rights for more than 300MWh of distributed energy storage. 

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Hyundai and SK Innovation partner to develop EV lithium-ion battery industry ecosystem

Fri, 09/11/2020 - 10:31 -- Paul Crompton

Vehicle OEM Hyundai Motor Group and lithium-ion battery maker SK Innovation will partner to create a battery value chain and strengthen eco-friendliness of electric vehicle batteries.

The South Korean firms have agreed to cooperate in the development of a sustainable ecosystem for electric vehicle (EV) batteries and create acycle of battery usage known as the Battery as a Service (BaaS), which includes lease or rental service. 

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EnerVenue launches with boast its metal-hydrogen batteries can beat lithium-ion in the ESS market

Thu, 09/10/2020 - 15:12 -- Paul Crompton

Metal-hydrogen battery maker EnerVenue began its journey to disrupt lithium-ion’s dominance of the large-scale energy storage system market on 27 August with $12 million in seed funding.

The firm will use cash from two investors to accelerate development of technology tested in aerospace conditions— including powering the International Space Station and Hubble Space Telescope.

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Merger paves way for solid-state lithium-metal battery production

Wed, 09/09/2020 - 10:08 -- Paul Crompton

Battery developer QuantumScape Corporation is set to start production of its solid-state lithium-metal batteries via its joint venture with the Volkswagen Group following a billion dollar merger with Kensington Capital Acquisition Corp.

The California, US, based firm is expected to receive more than $1 billion in cash and funding commitments, led by Volkswagen and Qatar’s sovereign wealth fund, as part of the transaction.

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US start-up receives $1.7 million to commercialise its zinc-based battery

Tue, 09/08/2020 - 09:29 -- Paul Crompton

Battery start-up Anzode has received a $1.7 million to conduct a three-year project developing its secondary zinc-manganese battery technology.

The cash is part of the California Energy Commission (CEC) Grant Funding Opportunity ‘Developing non-Lithium Ion Energy Storage Technologies to Support California’s Clean Energy Goals’.

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New chapter for 132-year-old lead-acid battery maker Exide as new firm rises from ashes of bankruptcy

Fri, 09/04/2020 - 09:19 -- Paul Crompton

The US arm of lead-acid battery maker Exide Technologies has been renamed Stryten Manufacturing following the completion of a $179 million buy out by an investment firm.

Stryten will operate seven manufacturing plants across the US to serve the ‘evolving needs of its customers and partners’ after Exide’s Americas business was bought via an auction process in July by Atlas Holdings. 

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