Home Tag "batteries"

EV battery systems able to kick-start large power plants

Transmission system operator TenneT and Daimler subsidiary Mercedes-Benz Energy have joined forces in a development partnership to see whether EV batteries could stabilise large grids. The result: Automobile battery storage systems can indeed make a significant contribution to grid stabilization and system reconstruction. The study was carried out within the framework of the Enera project […]

How Market Rules Are Holding Back Energy Storage

Wholesale market rules are organized around legacy assets, which is restricting storage from selling all of its potential services. Energy storage is surging. The U.S. Energy Storage Monitor Q4 2018 estimates that installations totaled 338 megawatts in 2018, and will grow to 3.9 gigawatts by 2023, much of it front-of-the-meter utility-scale projects. This exponential growth has been […]

Toyota and Panasonic Form Joint Venture to Make Electric Vehicle Batteries

The news reflects mounting competition among global battery manufacturers. Toyota Motor Corporation and Panasonic Corporation announced Tuesday that the two companies will establish a joint venture next year to produce prismatic lithium-ion batteries, solid-state batteries, and next-generation batteries for electric vehicles. Contracts concluded today confirm earlier reports of a formal partnership between the two companies, […]

Jaguar Land Rover Confirms Battery Manufacturing Plans Amid Job Cuts

But the U.K. carmaker’s switch to electric vehicles could be complicated by Brexit. Jaguar Land Rover, Britain’s largest vehicle manufacturer, has reaffirmed its commitment to battery manufacturing plans despite laying off around 10 percent of its workforce. “Later this year, next-generation Electric Drive Units (EDU) will be produced at the company’s Engine Manufacturing Centre in […]

24M Raises More Money to Fund Advanced Lithium-Ion Manufacturing

After years of development, the company’s process should enter commercial production in 2019. Cambridge startup 24M closed a $21.8 million Series D in November to continue commercializing its advanced battery manufacturing process. The round included new investor Itochu, one of the largest industrial conglomerates in Japan, and returning investors Kyocera and North Bridge Venture Partners. […]

BATTERIES, ELECTRIC VEHICLES, DEMAND RESPONSE AND INTERCONNECTION WITH NORDIC HYDRO WILL MAKE U.K. AND GERMAN POWER SYSTEMS CHEAPER AND CLEANER

New forms of flexibility key to an affordable, renewables-led power system London and Berlin: Flexible energy options, such as energy storage, smart-charging electric vehicles, demand response and interconnectors, are needed to ensure that the energy transition proceeds on an optimal path. Our expensive power system would otherwise be reliant on fossil-fueled backup and installing excess […]

SolarEdge to Acquire Kokam, a Provider of Li-ion Cells, Batteries, and Energy Storage Solutions

FREMONT, Calif. & SEOUL, Korea: SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ:SEDG), a global leader in smart energy technology, announced today that it has entered into definitive agreements to acquire a major stake in Kokam Co., Ltd. Headquartered in South Korea, Kokam is a provider of Lithium-ion battery cells, batteries and energy storage solutions Founded in 1989, […]

ElectrIQ Launches Smart Home Connected Battery System for $8,999

ElectrIQ Launches Smart Home Connected Battery System for $8,999 The startup’s PowerPod connects to popular smart appliances, at a price competitive with conventional home batteries. Home automation has now entered the energy storage market at multiple price points. Bay area startup ElectrIQ (pronounced “electric”) unveiled a new battery system this week that links up to […]

Industry Giants Samsung and Hyundai Invest in Solid-State Batteries

Industry Giants Samsung and Hyundai Invest in Solid-State Batteries Solid Power wins $20 million from automotive and electronics players. Automotive and electronics giants are flooding the battery ecosystem with strategic investments. Solid-state battery startup Solid Power, based in Louisville, Colorado, just won $20 million in a Series A investment round from Hyundai, Samsung Venture Investment, […]