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Anesco builds on BESS portfolio in UK

Fri, 06/28/2019 - 11:09 -- John Shepherd
Anesco builds on BESS portfolio in UK

UK energy storage developer Anesco has completed work on a 20MW BESS near Manchester, taking the company’s storage portfolio to 147MW.

The facility (pictured), which comprises 16 1.25MW/1.25MWh lithium-ion battery energy storage systems, was built on a brownfield site in Lascar.

 
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IQ Power picks up Pb investment boost

Thu, 06/27/2019 - 15:06 -- John Shepherd
IQ Power picks up Pb investment boost

German SLI battery producer IQ Power Licensing has welcomed a US$2 million investment boost as the company writes “a new chapter” for lead-acid batteries.

IQ, which produces Pb batteries mainly for the global automotive and storage markets, said it had won an additional $1.5m in working capital from an institutional lender that provided the company with $14m in financing just months ago. 

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CATL plans cash boost for German EV gigafactory project

Thu, 06/27/2019 - 13:16 -- John Shepherd
CATL plans cash boost for German EV gigafactory project

Chinese lithium giant Contemporary Amperex Technology (CATL) has revealed it is set to pour a total of up to €1.8 billion (US$2.1bn) of cash into its planned electric vehicle (EV) battery plant in Germany.

CATL said the proposed investment included €240 million already pledged for the project at Erfurt, in the east-central state of Thüringen.

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New EU forum to support Batteries Alliance

Thu, 06/27/2019 - 12:18 -- John Shepherd
New EU forum to support Batteries Alliance

A new batteries research and innovation forum— the Batteries Europe Platform— has been launched by European Union energy chief Maroš Šefčovič.

Šefčovič (pictured) said the initiative would be a forum setting out Europe’s strategic research and innovation needs and linking existing EU-backed funding programmes to support the European Batteries Alliance.

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NV Energy outlines new BESS investments for Nevada

Tue, 06/25/2019 - 16:49 -- John Shepherd
NV Energy outlines new BESS investments for Nevada

Nevada utility NV Energy has unveiled proposals to build an additional 590MW of lithium-ion battery energy storage systems in the state along with 1,200MW of new solar photovoltaic capacity.

NV is asking regulators to approve a total of three projects in the south of the state towards the utility’s target of doubling its renewable energy generating capacity by 2023.

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Australia-India lithium refinery project under evaluation

Sun, 06/23/2019 - 22:29 -- John Shepherd
Australia-India lithium refinery project under evaluation

Australia-listed Neometals has signed a binding memorandum of understanding with Indian company Manikaran Power to jointly fund the evaluation of developing “India’s first lithium refinery”.

A final investment decision (FID) on creating a 50-50 joint venture for the refinery will be taken after completion of a feasibility study, Neometals said.

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LG Chem in batteries joint venture with China’s Geely

Fri, 06/21/2019 - 09:00 -- John Shepherd
LG Chem in batteries joint venture with China’s Geely

South Korea’s LG Chem is setting up a joint electric vehicle batteries business with Chinese carmaker Zhejiang Geely Holding Group.

Each company has invested around US$94 million in the 50-50 joint venture, which, by the end of 2021, will produce 10GWh of EV batteries annually for the Chinese market.

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Leclanché expanding e-mobility batteries with new facility

Thu, 06/20/2019 - 14:08 -- John Shepherd
Leclanché expanding e-mobility batteries with new facility

Swiss battery storage company Leclanché is to ramp up production capacity for lithium-ion battery modules for transport applications at a new facility in Switzerland.

Leclanché is partnering with Italian industrial automation firm Comau for the project, which will see an automated production line installed in a new facility being built at a technology park adjacent to Leclanché’s headquarters in Yverdon-les Bains.

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Northvolt’s $1bn battery boost as VW partnership unveiled

Fri, 06/14/2019 - 16:19 -- John Shepherd
Northvolt’s $1bn battery boost as VW partnership unveiled

Battery manufacturing start-up Northvolt has raised US$1 billion for its planned Swedish gigafactory project­­­— and has revealed it will build a second such facility in Germany in partnership with Volkswagen.

Northvolt said the equity capital raise for the lithium-ion battery cells plant at Skellefteå had been led by VW and Goldman Sachs Merchant Banking Division, alongside BMW, AMF, Folksam Group and IMAS Foundation.

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Gravita launches Ghana lead production plant

Wed, 06/12/2019 - 14:06 -- John Shepherd
Gravita launches Ghana lead production plant

Indian lead producer and recycler Gravita has launched commercial production of lead from a subsidiary operation in Ghana, West Africa.

Recycler Ghana Limited said the US$3.1 million Ghana facility has an initial production capacity of 6,000 metric tonnes per annum (MTPA). An additional 6,000 MTPA capacity is set to come on stream at the plant from July 2019.

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