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Australian battery manufacturer lands funds for expansion plans
Perth-headquartered energy storage and battery-based power systems specialist Magellan Power has teamed with specialist investment manager Viburnum Funds to boost its manufacturing capabilities and fund expansion in Australia and internationally.
WEG secures funding for Brazilian battery manufacturing plant
The new plant will increase WEG’s BESS production capacity to up to 2 GWh. Construction is expected to be completed in the second half of 2027. The company aims to serve both the large-scale storage market and the commercial and industrial (C&I) segment.”
Epic Energy, REFNIC partner for lithium-ion battery recycling and second-life facility in India
Epic Energy has selected REFNIC as the technical partner for setting up a lithium-ion battery shredding facility with an installed capacity of 500 kilograms per hour of black-mass production, and a second-life battery assembly plant with an installed processing capacity of approximately 10 MWh per month.
India’s Luminous Power inaugurates 500 MWh lithium-ion battery assembly line
Luminous Power Technologies has inaugurated its first lithium-ion battery assembly line at Baddi, Himachal Pradesh. This new line is designed to produce standalone lithium-ion battery packs, stationary battery energy storage systems (BESS), and automotive battery packs for e-rickshaw applications.
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Californian lithium sulfur battery maker lightens the load for Northvolt
San Jose-based Lyten has acquired lithium metal battery technology company Cuberg from Swedish manufacturer Northvolt, which is battling to reduce costs. Lyten will spend up to $20 million developing a 200 MWh annual capacity of 'Made in America' batteries.
Production to disposal: Addressing toxicity in lithium batteries
As we strive for an equitable and sustainable energy future, addressing safety and toxicity challenges is driving the search for innovative, lithium-free battery technology that can offer comparable performance without compromising safety or environmental impact.
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India’s expanding battery ecosystem presents $42bn investment opportunity
An SBI Capital Markets (SBICAPS) report says funding of the battery energy storage industry in India presents an INR 3.5 trillion ($41.6 billion) opportunity through March 2032, with INR 800 billion medium-term investment potential provided by planned cell manufacturing capacity.
Solid-state batteries enter pilot production, costs expected to drastically drop
The latest findings from Taipei-based intelligence provider TrendForce show that all-solid-state battery production volumes could have GWh levels by 2027. The rapid expansion will lead to cell price declines, reaching CNY 0.6-0.7/Wh ($0,084-$0,098) level by 2035.
Oct 31, 2024
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LG Energy Solution announces substantial ESS revenue growth, new products
The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.
CALB sues CATL over patent infringement in escalating battery rivalry
Until now, CALB had been the defendant in multiple patent infringement cases initiated by CATL, but this time, CALB is the plaintiff. The damage CALB is seeking is significantly higher than the total RMB 700 million (€91 million) CATL previously claimed in six patent infringement cases against CALB.
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