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Volvo Construction Equipment investing $7.8M in battery pack production at excavator plant

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The new facility at the Changwon plant will produce a wide range of common electric storage solutions (battery packs) for Volvo Group and become a core competence center for electric excavators. Together with its compact electric wheel loaders, Volvo CE has one of the largest electric ranges on the market.

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Vattenfall, BMW and Bosch test second-life EV battery electricity storage in Hamburg for grid stabilization

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Vattenfall, BMW and Bosch are testing the use of second-life EV batteries in a 2 MW, 2,800 kWh energy storage system in Hamburg, Germany, to keep the electricity grid stable. The electricity storage facility comprises 2,600 battery modules from more than 100 electric vehicles.

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DOE releases Energy Storage Grand Challenge Roadmap; 44% reduction in manufactured cost for 300-mile EV pack by 2030

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In addition to concerted research efforts, the Roadmap’s approach includes accelerating the transition of technologies from the lab to the marketplace, focusing on ways to manufacture competitively technologies at scale in the United States, and ensuring secure supply chains to enable domestic manufacturing.

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DOE announces finalists of Geothermal Lithium Extraction Prize

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Demand for lithium—a critical material used in batteries for electric vehicles, grid-scale electricity storage, phones, and laptops—has grown rapidly in recent years, with global demand expected to increase 500% by 2050.

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Brattle Group: electric power sector investments of $75B – $125B needed to support projected 20M EVs in US by 2030

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Electric vehicles (EVs) will be a major disruptor for the US electric power sector, with the number of EVs in the US projected to increase from 1.5 The batteries installed in 20 million EVs will have up to 1,600 GWh of electricity storage capacity. million in 2020 to 10–35 million by 2030.

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Nano One to acquire Johnson Matthey Battery Materials Canada; JM takes stake in AEM electrolyzer pioneer Enapter

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Specialized catalysts will also be supplied, recognising Johnson Matthey’s expertise in catalysis. various applications, including electricity storage (residential and industrial), production of synthetic gas or methane (power-to-gas), mobility (hydrogen refuelling and e-fuels) and industrial use. Johnson Matthey and?

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

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Connected Energy’s E-STOR, a stationary energy storage technology that extends the life of electric vehicle batteries by 5-10 years, is deployed whenever flexible, modular and short or longer-term electricity storage systems are needed.

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