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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. The building work will begin in April 2023, with battery pack production expected to commence in June 2024.

Volvo 396
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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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EU investing €1.8B in 17 large-scale clean tech projects

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Grants will be disbursed from the Innovation Fund to help bring technologies to the market in energy-intensive industries, hydrogen, renewable energy, carbon capture and storage infrastructure, and manufacturing of key components for energy storage and renewables. The EU is investing more than €1.8 Background.

Clean 334
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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.

Connect 186
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Impact Clean Power Technology unveils visualization of GigafactoryX; 4 GWh/year by 2027

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The plant will also produce energy storage systems designed for the commercial power industry, including for large-scale electricity storage. The company teamtechnik Production Technology Poland is responsible for the supply and installation of the production line at GigafactoryX.

Clean 195
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Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

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The performance of the ReFactory will also relate to the ability to generate closed-loop supply flows with controlled costs (reuse, recycling for repair), and to develop new value-added skills (retrofitting, dismantling, fleet maintenance, preparation of batteries for the second life, etc.)

Economy 397
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MIT researchers conclude fundamental changes in the US energy-innovation system are needed to meet challenges of climate change and energy supply

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Without systematic, transformative changes, the US is unlikely to succeed either in averting the worst economic and environmental consequences of climate change or in achieving a secure, affordable and reliable energy supply. What is needed now is a different focus for the debate, one with the potential to build public support over time.