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Mercom: Corporate funding for energy storage companies hit $26.4B in 2022; up 55% y-o-y

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Mercom Capital Group, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2022 for the energy storage, smart grid, and energy efficiency sectors. Corporate funding for energy storage, smart grid, and energy efficiency companies.

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Northvolt assembles first lithium-ion battery cell at Swedish gigafactory

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Northvolt has assembled the first battery cell at the newly commissioned Ett gigafactory in northern Sweden. The cell is the first to have been fully designed, developed and assembled at a gigafactory by a homegrown European battery company.

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JERA and Toyota deploy first large capacity Sweep Energy Storage System with second-life batteries

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JERA, the largest power generation company in Japan, responsible for about 30% of Japan’s electricity, and Toyota Motor have built and deployed the first large-capacity “Sweep Energy Storage System”. The 485 kW / 1,260 kWh facility will comprise lithium-ion batteries, nickel metal-hydride batteries, and lead-acid batteries.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.

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Electrochemical energy storage startup SPARKZ licenses ORNL cobalt-free battery tech

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Stealth-mode electrochemical energy storage startup SPARKZ Inc. has exclusively licensed five battery technologies from the Department of Energy’s Oak Ridge National Laboratory (ORNL) designed to eliminate the use of cobalt metal in lithium-ion batteries. —SPARKZ Inc. CEO Sanjiv Malhotra.

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USABC awards $2M to Li-ion battery recycling program with American Battery Technology Company

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The United States Advanced Battery Consortium LLC (USABC) is awarding $2 million to lithium-ion (Li-ion) recycling development project , “Strategic Collaboration for the Development of a Self-Sustaining Model for the Recycling of Large-Format Lithium-Ion (Li-ion) Batteries,” with American Battery Technology Company (ABTC).

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Omega Seiki partners with Attero for lithium-ion battery recycling – ET Auto

Baua Electric

According to OSPL, Attero currently has a facility capable of processing 1,45,000 metric tonnes of e-waste and 11,000 metric tonnes of battery waste annually. Omega Seiki Private Ltd (OSPL) on Tuesday announced it has signed an agreement with Attero for recycling of lithium-ion batteries.