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SK signs MOU with Taiwan’s Formosa Plastics for stationary Li-ion energy storage systems

Green Car Congress

SK Energy and Taiwan’s Formosa Plastics Group have signed a memorandum of understanding to develop stationary Li-ion energy storage systems. Formosa Plastics Group is the largest company in Taiwan and the largest private petrochemical company in Asia.

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Solid state: EV giants chase ‘holy grail’ of batteries – ET Auto

Baua Electric

QuantumScape shipped its first prototype samples in late 2022, which VW said showed the battery could drive more than 500,000 miles without any noticeable loss of range and had a fast charging time to 80% capacity in 15 minutes. Here are some of the companies developing these kind of batteries.

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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

Green Car Congress

a provider of next-generation lithium-ion battery cells, modules and systems ( earlier post ), has entered a multi-year agreement to provide lithium-ion battery systems to Beijing Electric Vehicle Company (BJEV), the electric vehicle delivery arm of Beijing Automotive Industry Company (BAIC). Boston-Power, Inc., Earlier post.).

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

With a forecasted 30% cost reduction by 2030 as cheaper Chinese turbines gain market share, Australia and Southeast Asia stand to benefit from low-cost wind power equipment imports. WoodMac also underscores the growing competitiveness of offshore wind with fossil fuels in APAC.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

Other areas of energy transition investment also showed strength. Domestic installation of energy-efficient heat pumps came to $50.8 billion, up 12%, while investment in stationary energy storage technologies such as batteries was $3.6 billion, level with 2019 despite falling unit prices. Public markets and VC/PE.

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