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Joint Venture (JV)

JV aims to build Italian lithium-ion gigafactory for motive and stationary application markets

Fri, 06/18/2021 - 12:31 -- paul Crompton
JV aims to build Italian lithium-ion gigafactory for motive and stationary application markets

A joint venture (JV) aims to produce lithium-ion batteries in Italy with the end goal of reaching a production capacity of more than 2GWh within five years.

Electric propulsion maker Fincantieri SI and energy storage system developer Faist Electronics have formed the JV Power4Future company to build a manufacturing facility, followed by the design, assembly, marketing and after-sales services for modules and battery packs.

Plans also include control devices such as battery management systems (BMS) and ancillary systems (such as fire protection and air conditioning for complete battery stationary systems).

Power4Future will target a number of markets, including: automotive (with particular reference to commercial vehicles), telecommunication and industrial (i.e. material handling machines).

The JV will also target marine and land-based energy storage applications where Faist Electronics and Fincantieri SI are already established.

Gianfranco Natali, president and founder of Faist Group, said: “In a green energy setting, lithium-ion batteries and energy storage systems will be the new fuel tank for the maritime and land mobility of the future.”

Giuseppe Bono, CEO of Fincantieri, said: “Future environmental protection regulations will drive ship owners to adopt new alternative solutions to those currently based on internal combustion engines, in order to produce and use energy. 

“Faced with the need for greater storage capacity, lithium-ion batteries today are the only solution that is both technically and economically sustainable for full electric vessels, which currently makes them one of the most important assets not only for the naval industry, but also for all the other sectors where we will be able to operate with this new company.”

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Lead battery maker Exide Industries increases stake in Leclanché JV

Fri, 11/27/2020 - 09:54 -- paul Crompton

India’s biggest lead-acid battery maker Exide Industries has increased its stake in Nexcharge— the lithium-ion joint venture (JV) it formed with Leclanché in 2018.

Exide increased its shareholding in the JV by 2.28% to bring its total ownership share to 80.15%, the Indian firm said in a stock exchange filing on 23 November.

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Germany’s Jungheinrich and Triathlon launch batteries joint venture

Mon, 02/25/2019 - 00:00 -- John Shepherd

German firms Triathlon Batteries and Jungheinrich have formed a joint venture company “focused on the production and recycling of lithium-ion battery systems”.

Jungheinrich, known as a forklift truck manufacturer, will have a 70% majority stake in the new company— JT Energy Systems— which is set to start operations in Glauchau in August 2019.

The partners, who both produce a range of lead-acid and lithium-ion batteries, are staying tight-lipped about details of the new business and did not respond to BEST Battery Briefing’s requests for interviews.

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Joint Venture for pipeline solar-plus-storage projects

Mon, 12/17/2018 - 00:00 -- Hugh Finzel

8minutenergy Renewables, JP Morgan, and “an affiliate of Upper Bay Infrastructure Partners”, announced that they have entered a joint venture to support 8minutenergy’s 10.7GW pipeline of utility solar-plus-storage projects.

The joint venture will, along with investment from 8minutenergy’s owner and CEO, Tom Buttgenbach, will raise over US$200 million in capital commitments.

“We have been the largest and most successful solar developer in California and have expanded our cost leadership across the US”, commented Buttgenbach. “A testament to our low-cost leadership is the 420MW Eagle Shadow Mountain Solar plant in Nevada, which at 2.3 cents/kWh fixed for 25 years, holds the record for the lowest-price solar PPA in the nation.

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JCI and Toshiba to work on lead-lithium dual-battery systems

Mon, 12/03/2018 - 00:00 -- John Shepherd

Johnson Controls International’s (JCI) soon-to-be-sold Power Solutions business, is joining forces with Toshiba to manufacture lithium-ion batteries that will be “paired” with lead-acid battery technology as part of dual-battery systems for carmakers.

JCI, which has agreed to sell Power Solutions to US and Canadian investment firms, said the partners will develop and make the lithium-ion batteries at JCI’s Holland plant in Michigan.

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Albemarle set to invest in Australian lithium joint venture

Mon, 11/26/2018 - 00:00 -- John Shepherd

US chemicals company Albermarle has signed an exclusivity agreement to create a potential lithium joint venture in Western Australia.

Albemarle said the agreement with Mineral Resources Limited (MRL) could lead to the creation of a 50-50 joint venture to own and operate the Wodgina hard rock lithium mine in the state’s Pilbara region— and “ultimately develop an integrated lithium hydroxide operation at the site”.

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Leclanché joins marine energy storage partnership

Mon, 11/19/2018 - 00:00 -- Hugh Finzel

Swiss battery manufacturer Leclanché has been selected to supply “customised marine energy storage” systems for Norway-based technology group Kongsberg.

Through this partnership, Leclanché will deliver “one of the largest single marine battery system orders to date” for nine vessels totalling 45 megawatt-hours of capacity.

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Joint Venture to bring sodium nickel battery to market

Tue, 01/10/2017 - 13:04 -- paul Crompton
Joint Venture to bring sodium nickel battery to market

Chinese battery maker Chaowei Group has established a Joint Venture (JV) company with General Electric to bring to market a sodium-nickel-chloride battery.

The JV sees Chowei’s subsidiary Chaowei Lvna and US firm GE’s subsidiary General Electric Technology Development (GETD) joining forces to develop the technology.

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