article thumbnail

Volvo Energy invests $4.9M in Connected Energy for second-life battery business; 10% stake

Green Car Congress

In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approximately SEK 50 million (US$4.9 million) for a 10% stake in the UK-based second-life battery energy storage specialist Connected Energy. The investment came as part of a £15-million (US$18.4-million)

Volvo 273
article thumbnail

TEPCO and Toyota develop stationary storage battery system using EV batteries

Green Car Congress

(TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries.

Toyota 416
article thumbnail

Toyota introduces home storage battery system based on EV battery technology

Green Car Congress

Toyota Motor is introducing the O-Uchi Kyuden System, a home storage battery system based on its electrified vehicle battery technology. The O-Uchi Kyuden System uses electrified vehicle battery technology such as Toyota’s battery control to provide a rated capacity of 8.7 kWh and a rated output of 5.5

Toyota 459
article thumbnail

Bremen orders 35 Mercedes-Benz eCitaro G electric articulated buses with NMC 3 batteries

Green Car Congress

Bremer Strassenbahn AG (BSAG) has ordered 35 all-electric eCitaro G low-floor articulated buses from Mercedes-Benz with the latest NMC 3 (NMC: lithium-nickel-manganese-cobalt-oxide) battery technology. The latest generation of high-performance batteries (NMC 3) come with improved cell chemistry and a modular battery equipment design.

Mercedes 473
article thumbnail

ENGIE New Ventures increases investment in 2nd-life battery company Connected Energy

Green Car Congress

ENGIE New Ventures, the corporate venture fund of ENGIE, is participating in a new round of investment to further the development of Connected Energy. Based in the United Kingdom, Connected Energy uses end-of-life EV batteries to create energy storage systems. —Matthew Lumsden, CEO of Connected Energy.

Connect 186
article thumbnail

Factorial earns UN 38.3 certification to ship 100Ah Lithium-metal solid-state battery

Green Car Congress

Factorial, a developer of solid-state battery technology for electric vehicle (EV) applications, has received the UN 38.3 safety certification for its large format automotive solid-state batteries. This makes Factorial the first Li-metal solid-state battery maker to successfully receive certification that covers 100+Ah cell.

article thumbnail

Octillion to supply high-density batteries to FNM for 1,000 electric trucks for beverage maker Ambev

Green Car Congress

Battery maker Octillion Power Systems will supply advanced lithium-ion batteries to Brazilian manufacturer FNM (Fábrica Nacional de Mobilidades) for the production of 1,000 electric trucks for beverage maker Ambev. It features Octillion’s 650-volt battery and and Danfoss Editron’s drivetrains. Earlier post.).

Supplies 393