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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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trillion more each year should be invested globally in low-carbon energy, including renewables, and the electrification of economies over the coming decade, while annual expenditure on fossil fuel energy should decrease by $350-600 billion. The report says that $1.5-1.7

Global 170
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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. Together with its compact electric wheel loaders, Volvo CE has one of the largest electric ranges on the market.

Volvo 396
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Leclanché expands marine electrification solution to include fast charger for ports, harbors and vessels; Damen 1st adopter

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Its first customer for the turnkey solution is Damen Shipyards Group, a globally operating company with more than 50 shipyards and related facilities, which has selected Leclanché to construct and provide two fast charge electric ferry stations, and supporting electrical storage systems, on Canada’s Lake Ontario.

Mariner 259
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DOE announces finalists of Geothermal Lithium Extraction Prize

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Demand for lithium—a critical material used in batteries for electric vehicles, grid-scale electricity storage, phones, and laptops—has grown rapidly in recent years, with global demand expected to increase 500% by 2050.

Utah 259
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Nano One to acquire Johnson Matthey Battery Materials Canada; JM takes stake in AEM electrolyzer pioneer Enapter

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Strategically located in Candiac, Québec, it has the benefit of access to a North American ecosystem which will serve the broader global community with cost-effective, resilient, and environmentally sustainable cathode materials. Enapter’s highly efficient standardised?and Johnson Matthey and?

Canada 199
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ORNL demos 20 kW bi-directional wireless charging on UPS PHEV truck; 11" air gap, >92% efficiency

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“The system expands the possibilities for fleets who want convenient, efficient EV charging as well as electricity storage solutions.”. This project demonstrates innovative ways to utilize vehicle battery storage at fleet scale to power the vehicle, add resiliency to our facilities and support the grid.

Charging 380
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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