Siemens has signed a letter of intent for the construction of a turnkey 100MW / 200MWh large-scale battery energy storage system (BESS) in Wunsiedel, northern Bavaria, Germany. Groundbreaking ceremony for Siemens Energy’s H2 plant in Wunsiedel, attended by Dr. Markus Söder, Minister-President of Bavaria, took place earlier this month. Siemens Smart Infrastructure, a business unit […]
Batteries
LG to Invest Over $8 Billion For EV Battery, Eco-Friendly Materials
LG will also actively look for new business opportunities in renewable energy industry materials market such as POE/EVA for solar power panels. South Korean conglomerate LG will invest 10 trillion won (about $8.7 billion) in its battery and other eco-friendly materials business by 2025. LG Chem, the checmical company of the conglomerate, has selected eco-friendly […]
Batteries as an Infrastructure Asset Class: A New Paradigm
Battery storage is flexible, remarkable — and investable — but you need to know what you’re doing and know where the market opportunities and limits lie. Renewable and clean energy financier Laurent Segalen from Megawatt-X explains some of the things he’s seen as batteries have become an infrastructure asset in their own right. This is […]
Lithium Ion Batteries vs Hydrogen Fuel Cell: Which is the Technology of the Future?
Both technologies harness electricity and leave behind zero emissions, but the similarities end there. As far as automobiles are concerned, electric power is undoubtedly the future. The source and repository of said electric power for the future has the house divided. While battery-powered electric vehicles (BEVs) have managed to gain considerable momentum in most parts […]
Omega Seiki Ties Up With Forsee Power For Smart EV Battery Solutions
Mumbai :Omega Seiki Mobility (OSM) on Friday said it has tied up with smart EV battery systems provider Forsee Power to avail lithium-ion batteries technology for its entire range of commercial vehicles. “Today many buyers are struggling with range anxiety. We identified the issue and partnered with Forsee Power to enhance the range of Omega […]
EV Firm Oye! Rikshaw to Invest $500 Million on Battery Swapping Infrastructure Over Three Years
Electric mobility start-up Oye! Rickshaw plans to invest up to $500 million (over Rs 3,700 crore) in the next three years to set up battery swapping infrastructure for electric three-wheelers across India, according to a top company official. The company, which is backed by investors such as Matrix Partners, Chiratae Ventures, Xiaomi and industrialist Pawan […]
DNV Opening Battery Safety Lab in Netherlands
Testing and accreditation group DNV is going to build a Battery Safety Laboratory at Twente Safety Campus, a specialised complex in the east Netherlands dedicated to developing safety innovations and procedures. Twente Safety Campus pools knowledge and expertise on safety from a broad range of groups, including emergency services. DNV said last week that it […]
Nissan to Make New Electric Cars, Batteries in Britain
Japanese carmaker Nissan and its partners plan to invest 1 billion ($1.4 billion) pounds to expand production of electric vehicles and batteries in northeast England, a major victory for the U.K. government’s efforts to attract jobs and investment following the country’s departure from the European Union. Nissan said Thursday it will build a new all-electric […]
Solarwatt And BMW Cooperate on Home Batteries
The German battery market is currently led by Solarwatt rival Sonnen, part of Shell. Solarwatt will start selling storage batteries from this autumn in cooperation with carmaker BMW amid an ongoing convergence of renewable power and electric mobility, the German photovolatic firm announced on Wednesday. Under the deal, BMW will supply battery components also used […]
Chinese EV Battery Maker CATL Extends Deal With Tesla
BEIJING : Chinese electric vehicle battery maker CATL said on Monday it has extended a battery supply deal with U.S. EV maker Tesla Inc to 2025. Ningde-based CATL said in a stock exchange filing that it would supply battery cells to Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, […]