Spanish oil company Repsol has purchased an undisclosed stake in Valencia-based manufacturer of residential battery systems, Ampere Energy.
Repsol will take a seat on Ampere’s board, but financial details of the transaction have not been revealed.
However, Ampere said the deal includes “a technological collaboration agreement… through which synergies will be generated in different projects and innovative initiatives will be developed in the field of energy storage and management”.
Germany has revealed the partners of a new government-backed battery cell consortium, as part of plans to secure the nation’s “technological sovereignty in battery technology”.
Swiss battery manufacturer Leclanché has been selected to join the consortium along with German battery peers BMZ, TerraE, Customcells, EAS and Liacon.
Federal research minister Anja Karliczek said Germany would invest an extra €500 million (US$570m) in battery research over the next four years, including the construction of a ‘national battery research factory’— to be operated by the consortium— bringing research and production activities “under one roof”.
Korean electronics giant Samsung is to invest US$2.4 billion in order to expand battery manufacturing in Tianjin, northern China, according to a report by the state-run Xinhua News Agency.
The Tianjin municipal government has reported that the investment will be used to expand the power battery lines for automotive batteries, and to establish a multi-layer ceramics capacitors (MLCC) factory in the city.
Tianjin is already a well-established manufacturing base for Samsung, with 10 affiliated companies currently in the municipality, pumping out products reportedly worth a combined total of around CNY84bn ($12.2bn) annually.