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ŠKODA collaborates with IBG ?esko on second-life battery energy storage system; up to 328 kWh

Green Car Congress

ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. Following a successful pilot project in Prague, the energy storage units are now available to ŠKODA contract dealers.

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LTO batteries of Log9 Materials receive BIS certification – ET Auto

Baua Electric

LTO batteries have applications in various sectors, including electric vehicles (EVs), two-wheeler and three-wheeler EVs, commercial vehicles, and energy storage systems. Finally, BIS compliance can unlock new financing avenues for Log9.

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Role of Batteries in Clean Energy Transitions – ET Auto

Baua Electric

The alliance, including India, aims to secure 5 GW of battery energy storage by 2024, aligning with the long-term goal of developing 90 GW of storage capacity worldwide. These systems act as standby reserves, preventing energy waste by storing excess energy for future use or peak demand periods.

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Report: China now makes enough batteries for global EV production

Baua Electric

China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. And that assumes continued, steady global EV sales growth, as well as growth in energy-storage use.

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GlobalData: Venture capital deals value in advanced batteries skyrocketed 850% YoY in 2021

Green Car Congress

GlobalData’s latest FutureTech series report, “ Performance Meets Sustainability – Can Advanced Batteries Facilitate Energy Transition? ”, highlights various lithium-based battery startups looking to accelerate the adoption of EVs. China-based SVOLT manufactures lithium-ion batteries for EVs and energy storage.

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New member benefit: Electric Auto Association partners on clean energy and EV loans

Electric Auto Association

EAA partners with credit union to offer loans on clean energy, EVs, and e-bikes. By: Ron Freund, Electric Auto Association Director. The Electric Auto Association and Colorado-based Clean Energy Credit Union have partnered on a new member benefit. E-bikes are also included.

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South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

Green Car Congress

South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).