Northvolt AB, the startup preparing to begin large-scale battery production in Sweden and Germany, will invest $200 million in ramping up capacity for energy storage systems that will compete with Tesla Inc.’s Megapack. The expanding factory in Gdansk, Poland, is scheduled to start production in 2022 with initial output of 5 gigawatt hours. It could […]
Electric-car startup Lucid to follow Tesla into energy storage
The Newark, California-based company is developing home batteries — similar to Tesla’s Powerwall — and utility-scale devices, Chief Executive Officer Peter Rawlinson said in an interview Lucid Motors Inc., the electric-vehicle startup that has yet to build a production car, is following Tesla Inc.’s footsteps into the energy-storage business. The Newark, California-based company is developing […]
