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

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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.

Volvo 273
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40 Tesla Megapacks replace WW2 turbojet generator in Belgium

Teslarati

A total of 40 Tesla Megapack battery storage systems replaced a World War II turbojet generator in Lessines, Belgium, Tesla announced. Previously, the generator had been providing energy support to the community since the 1950s. The system now has 50 MW of power and 100 MWh of capacity and supports the local grid.

Belgium 134
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Tesla powers Eneco’s largest battery project

Teslarati

Eneco, an energy producer in the Netherlands, is relying on Tesla to power its biggest battery project to date, which will be used to “more efficiently balance Belgium’s electricity grid” and is expected to be operational in 2024. Eneco is jointly owned by Mitsubishi Corp.

Power 141
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ENGIE New Ventures increases investment in 2nd-life battery company Connected Energy

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Based in the United Kingdom, Connected Energy uses end-of-life EV batteries to create energy storage systems. These combine as many batteries as are needed for tailor-made solutions with capacity ranging from less than 100 kilowatt hours up to 15 megawatt hours or more.

Connect 186
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Groupe Renault, Connected Energy install EV charging with 2nd-life batteries at highway rest areas

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UK-based Connected Energy and Groupe Renault have installed two quick-charge stations based on Connected Energy’s E-STOR energy storage technology on highways in Belgium and Germany. The E-STOR technology developed by Connected Energy uses second-life batteries from Renault electric vehicles.

Connect 150
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South Dakota School of Mines & Technology vying to establish international center for solid-state batteries

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The South Dakota School of Mines & Technology is vying to establish an international center to develop solid-state batteries which will be safer, cheaper, smaller and more efficient than lithium ion batteries. Naval Air Systems Command, Solvay of Belgium, Collins Aerospace, L3Harris Technologies, 3M and Parker-Hannifin Corporation.