The project could lay the groundwork for unconventional storage on a massive scale. Australia’s grid storage market isn’t just for batteries any more. Canadian startup Hydrostor will build a novel compressed-air storage device in renewables-rich South Australia, the company announced last week. It plans to use the 5-megawatt project as a “showpiece” to educate customers […]
Lithium-ion batteries: in the fast lane
An accelerating need from transport is expected to drive demand for lithium-ion batteries during the coming years. Felix Maire and Roman Kramarchuk of S&P Global Platts Analytics outline the issues around the technology, as well as the sourcing and substitution of key metals. Both the transportation and power industry have been facing significant changes, driven […]
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, […]
Back from the Brink, ViZn Turns to China for Flow Battery Commercialization
The Montana-based startup will license its unconventional storage technology to a Chinese industrial consortium under a new deal. Flow battery maker ViZn Energy bounced back from a near-bankruptcy experience last year to land a deal with a Chinese industrial consortium. Many companies have failed in the quest to commercialize technological alternatives to lithium-ion batteries, which […]
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. […]