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CATL and HGP establish partnership to facilitate up to 5 GWh of battery energy storage systems; 450 MWh in Texas to start

Green Car Congress

Limited (CATL), a global leader of new energy innovative technologies, and HGP Storage, LLC (HGP), a company specializing in the development of advanced battery energy storage systems (BESS), announced an agreement on the supply of more than 450 MWh of BESS. Contemporary Amperex Technology Co.,

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Qatar invests $125M in energy storage company Fluence

Green Car Congress

Fluence, the global energy storage solutions joint venture between Siemens and AES, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction.

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Cummins invests $24M in flow battery leader VoltStorage

Green Car Congress

Cummins has invested $24 million in Germany-based VoltStorage, a developer of stationary flow batteries. The company says that it has the largest fleet of operating flow batteries in the world. By investing in VoltStorage, we are taking steps to advance solutions focused on the grid and energy storage.

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Old EV batteries are being reused as energy storage devices in CA

Teslarati

Electric vehicles are here to stay, and the subject of what to do with their battery packs once they are no longer suitable for the road remains a key concern among skeptics. B2U noted that its use of old EV batteries can significantly lower the cost of carbon-free energy storage.

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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. million) round.

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IRENA report says tripling renewables investment required to reach 2050 climate goal

Green Car Congress

Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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India Energy Storage Alliance makes case for comprehensive safety guidelines for EV batteries – ET Auto

Baua Electric

The forum covered a spectrum of topics, including an overview of battery fires in India, battery standards, design validation requirements, and a global EV battery safety overview. The forum featured a live demonstration of EV battery fire suppression.