Albemarle Corp will certainly Spend $1.3 billion in U.S.A. Lithium Battery Plant
The facility includes a preliminary investment of at the very least $1.3 billion to assist meet the surging need for domestic and also worldwide electrical vehicles and lithium-ion batteries. The building and construction of the project is expected to start late in 2024.
Mar 23, 2023 // Markets & Finance News, Storage, Lithium-ion batteries, electric vehicles, EV batteries, Albemarle, Inflation Reduction Act, Albemarle Corporation, battery-grade lithium hydroxide, Henry McMaster, Kent Masters, lithium hydroxide Mega-Flex, Mega-Flex, USA lithium ion batteries
Chinese Battery Giant CATL Announces 2022 Results, Almost Doubles Profit
Its net profit boosted by 93 per cent to $4.4 billion in 2022 year on year. Revenue from the power battery service enhanced by 159 percent as net sales in this segment greater than doubled to 242 GWh last year.
Mar 13, 2023 // Markets & Finance News, Storage, financial results, EV batteries, CATL, growth rate, Contemporary Amperex Technology Limited, Energy Storage Business, financial results 2022, net profit, power battery business
Global Battery Leader CATL In Tie-Up With UL To Improve Battery Safety
The battery manufacturer has actually signed deal with UL Solutions to help create safer deployment as well as use of BESS and also EV batteries. Under the deal, CATL battery laboratory will start the process to achieve UL Solutions witness test data program (WTDP) status to test to UL 9540A.
Jan 19, 2023 // Storage, BESS, EV batteries, CATL, UL 9540, electric vehicle batteries, EnerC, Contemporary Amperex Technology Co., EnerOne, LiBin Tan, UL 9540A, UL Solutions, UL1973, Weifang Zhou, WTDP
Biden to provide $3.1 B to support domestic production of EV batteries
President Joe Biden's management stated it will supply $3.1 billion in funding to support the domestic production of sophisticated batteries that will stimulate electric vehicle fostering.
May 3, 2022 // Markets & Finance News, Storage, EV batteries, Joe Biden, LG Energy
EV batteries supplying grid stabilization services at Italian vehicle manufacturing facility
Fiat Chrysler has actually started building of a vehicle-to-grid pilot at its Mirafiori manufacturing facility in Turin. The project, which likewise consists of 5 MW of PV, will ultimately become a virtual nuclear power plant.
Jun 5, 2020 // Storage, Italy, Europe, EV batteries, Fiat Chrysler, Engie EPS, Roberto Di Stefano
Solar energy ranches can offer second life for electric vehicle batteries
As electrical vehicles swiftly grow in popularity worldwide, there will certainly soon be a wave of used batteries whose performance is no more sufficient for vehicles that need reliable velocity and array. But a new research shows that these batteries could still have a beneficial and also rewarding second life as backup storage space for grid-scale solar photovoltaic or pv setups, where they might carry out for greater than a decade in this much less requiring function.
May 27, 2020 // Technology, Storage, USA, MIT, North America, EV batteries, Ian Mathews, Tonio Buonassisi
Czech federal government strategies retroactive cuts for PV rewards, once more
According to the Czech Solar Association, the relocation versus solar will likely cause defaults for hundreds of PV projects. The Czech federal government additionally prepares to construct even more nuclear reactor and also has actually pledged to prolong the life expectancy of its coal-fired plants.
May 25, 2020 // Technology, Storage, USA, MIT, North America, EV batteries, Ian Mathews
Solar automobile tarpaulin to reenergize EV batteries
French solar thin-film expert Armor has actually made a retracting automobile solar cover. It has actually released a first model on a Gazelle electrical cars and truck, yet it stated that the cover can be made use of on any kind of sort of electrical lorry.
Apr 6, 2020 // Technology, Manufacturing News, Storage, Transport, France, Europe, thin-film PV, EV batteries, Armor, Moïra Asses
IndianOil to produce non-lithium EV batteries
The state-run fossil fuel giant has partnered with an unnamed foreign start-up to produce electric vehicle batteries using raw materials easily available in India.
Aug 29, 2019 // Manufacturing News, Storage, Transport, India, Asia, Indian Oil Corporation Ltd, electric vehicle, EV batteries
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