LG Energy Solution announces $ 5.5 billion investment in a battery manufacturing in Arizona – largest single investment ever for a stand-alone battery manufacturing facility in North America
BEST Magazine
by Andrew Draper
3d ago
LG Energy Solution of South Korea announced a ₩7.2 trillion ($ 5.5 billion) investment in a battery manufacturing site in Queen Creek, Arizona. It is the largest single investment ever for a stand-alone battery manufacturing facility in North America, the company said. The site will consist of two manufacturing facilities. One is for 2170 cylindrical ..read more
Visit website
Insurers having to write off new EVs after minor accidents as they cannot access BMS data
BEST Magazine
by Andrew Draper
3d ago
Insurers are facing having to write off new electric vehicles (EVs) after minor accidents as they cannot access battery management system (BMS) data to help determine the state of the batteries. EVs still constitute a small fraction of vehicles on the road, making industry-wide data hard to come by, but Reuters reports that the trend ..read more
Visit website
CATL has begun mass production of Qilin battery – report
BEST Magazine
by Andrew Draper
4d ago
Chinese battery maker CATL has begun mass production of the 1,000km-range Qilin battery, according to reports. This is the third generation of CATL’s cell-to-pack (CTP) battery technology, first unveiled in June 2022. The first model to use the new Qilin battery is the Zeekr 009 electric van, reported Electrive. It is scheduled to begin deliveries ..read more
Visit website
Umicore and PowerCo get full regulatory approval for battery cell joint venture
BEST Magazine
by Andrew Draper
4d ago
Belgian battery materials and recycling company Umicore and PowerCo, the new battery company of the Volkswagen Group, have gained full regulatory approval for their battery cell joint venture (JV) announced in September 2022. They said they can now swiftly proceed to prepare for large-scale industrial production of cathode active materials (CAM) and precursor materials (PCAM ..read more
Visit website
Battery separator company Entek to establish first lithium separator plant in Indiana
BEST Magazine
by Andrew Draper
5d ago
US battery separator material company Entek announced plans to establish operations in Indiana, investing $1.5 billion in a new production facility. The project, which the company said is its largest investment ever, will create up to 642 jobs by the end of 2027 in the electric vehicle (EV) industry in Indiana and across the US ..read more
Visit website
Energy storage company Gravitricity to develop Czech gravity storage technology
BEST Magazine
by Andrew Draper
5d ago
Scottish underground energy storage company Gravitricity signed an agreement with Czech electricity flexibility aggregator Nano Energies to develop their gravity storage technology. Last month the Edinburgh storage firm unveiled plans to transform the former Darkov deep mine in the Czech Republic into a massive gravity energy store. It said this could be a route for ..read more
Visit website
Battery Council International forms Flow Battery Industry Group
BEST Magazine
by Andrew Draper
5d ago
Industry body Battery Council International (BCI) announced the formation of a new Flow Battery Industry Group for existing and new association members. Scott Childers, Vice President of essential power at Stryten Energy will chair the group. Other founding members include CleanTech Strategies, CMBlu Energy and Invinity Energy Systems. A memo from Roger Miksad, BCI executive ..read more
Visit website
New Zealand to consider pumped hydro for long-term decarbonised energy
BEST Magazine
by Andrew Draper
6d ago
New Zealand’s energy and resources minister Megan Woods said her government will consider the viability of pumped hydro as part of the next stage of the NZ Battery Project. This and an alternative, multi-technology approach, is part of the long-term plan for a resilient, affordable, secure and decarbonised energy system in New Zealand, she said ..read more
Visit website
Gotion High-tech and Edison Power Co eye energy storage and recycling market in Japan
BEST Magazine
by Andrew Draper
6d ago
Chinese battery and energy storage company Gotion High-tech and Japanese energy company Edison Power Co. announced they would jointly develop a large storage battery and recycling market in Japan. The pair plan to introduce Gotion’s batteries to the Japanese market. They said Japan has new opportunities following reform of its Electricity Business Act in May ..read more
Visit website
Battery industry cautiously welcomes EU’s Critical Raw Materials Act
BEST Magazine
by Andrew Draper
1w ago
Battery industry players cautiously welcomed the European Union’s proposed Critical Raw Materials Act (CRMA). They said it reduces European dependence on imported critical raw materials. The act, announced on Thursday, aims to diversify import sources and make a sustainable domestic supply of materials. The European Commission said the new regulation sets clear benchmarks for domestic ..read more
Visit website

Follow BEST Magazine on Feedspot

Continue with Google
Continue with Apple
OR