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COVID-19

German lead battery maker Moll opens talks with investors following insolvency proceedings

Fri, 06/19/2020 - 09:59 -- Paul Crompton

German lead battery manufacturer, Akkumulatorenfabrik Moll has entered exploratory discussions with potential investors after the COVID-19 pandemic caused a fall in sales that led to the 75-year-old firm opening insolvency proceedings.

“Sensitive discussions” with potential investors are taking place with the goal of finding a rapid resolution in the interests of all parties involved, said the company on 18 June.

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Australia to double installed energy storage capacity as ESS costs set to fall

Thu, 06/18/2020 - 11:55 -- Paul Crompton

Energy storage analyst Wood Mackenzie forecasts that despite COVID-19 Australia is set to more than double its year-on-year installed energy storage capacity in 2020. 

The industry forecasters predict the country will add 1.2GWh of energy storage capacity this year, taking its cumulative storage capacity at 2.7GWh. Last year, Australia installed 499MWh of energy storage capacity. 

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LG Chem halts plans for India lithium-ion battery factory

Wed, 05/27/2020 - 11:03 -- Paul Crompton

Korean battery giant LG Chem has halted its lithium-ion battery project in India as the Covid-19 pandemic continues to hit the automotive market, according to reports.

The company was in talks with Renault, Mahindra & Mahindra and Hyundai for an Indian consortium for the project and regarding equity participation for the same, reported the country’s newspaper The Economic Times

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COVID-19 fails to interrupt European Battery Alliance goals

Fri, 05/22/2020 - 11:10 -- Paul Crompton

A virtual meeting of The European Battery Alliance (EBA) has said its ambitions in terms of jobs and growth in a green and circular economy can be reached earlier than expected despite the COVID-19 pandemic.

Twelve CEOs from European companies across the battery chain met to discuss the role of the EBA in the EU’s post corona green recovery. 

 

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Coronavirus impact on lithium-ion industry to be felt for at least another year

Fri, 03/06/2020 - 09:56 -- Paul Crompton

The outbreak of coronavirus COVID-19 is putting China lithium-ion manufacturers into the ‘high risk’ supplier and production category. 

Industry analysts Wood Mackenzie predict a drop of 10% (26GWh) in lithium-ion battery production in China, with the Hubei province most impacted by the outbreak.

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