Manufacturing
Advertisement
Advertisement
Advertisement
Latest News
Advertisement
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.
Advertisement
All Manufacturing news
Energy storage corporate funding hits $17.6 billion in nine months of 2024
Corporate funding in the energy storage sector saw a 15% year-on-year increase in the first nine months of 2024, according to Mercom Capital Group. While venture capital funding has collapsed, debt and public market financing has skyrocketed making for the sector's second best performance in the last five years, lagging only the record-breaking 2022.
Hithium plans manufacturing capacity in Saudi Arabia, unveils desert-tailored battery storage solution
China's Hithium has joined hands with a local partner to establish a 5 GWh production facility in Saudi Arabia. It has also unveiled its specialized energy storage solutions tailored for desert applications.
Advertisement
BatX Energies partners with LW3 on battery passports
Indian lithium battery recycler BatX Energies will leverage LW3’s blockchain- and IoT-based digital product passport solutions for comprehensive tracking of battery history, usage, and material provenance from production to end-of-life, ensuring a circular economy for battery materials. The partnership aims to streamline the approach to meeting compliance requirements, in markets such as Europe.
Advertisement
Key trends in battery energy storage in China
China has been an undisputed leader in the battery energy storage system deployment by a far margin. The nation more than quadrupled its battery fleet last year, which helped it surpass its 2025 target of 30 GW of operational capacity two years early. ESS News sat down with Ming-Xing Duan, secretary of the Electrical Energy Storage Alliance (EESA), to discuss the latest market trends.
Advertisement