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Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

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The joint investment will pave the way for Hanwha to lead the rapidly-growing energy storage market and future Urban Air Mobility business. The two companies signed a memorandum of understanding in Seoul for comprehensive battery business cooperation for ESS (energy storage systems) and other clean-tech energy solutions.

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Estonian startup UP Catalyst secures €2.09M; sustainable carbon nanomaterials and graphite from CO2

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Turning CO 2 into sustainable materials that can be used in energy storage has the potential to revolutionize the whole industry. Estonian startup UP Catalyst, a company developing a method to produce sustainable carbon nanomaterials and graphite from CO 2 , has closed a successful pre-seed round of €500,000, in addition to €1.59

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Mercedes-Benz Cars starts production of PHEV batteries in Bangkok; 3rd plant in global battery production network

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The new battery factory was built on a 50,000 m² site located at the vehicle manufacturing plant in the Bangkok region. The battery systems manufactured in the new battery factory, are used among others for the current Mercedes-Benz C-Class, E-Class, S-Class as well as for the Mercedes-Benz GLC and GLC Coupé.

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Tata AutoComp’s ‘Make in India’ push for EVs | Autocar Professional

Baua Electric

The latter two have witnessed a much stronger traction in the industry due to the government’s FAME (Faster Adoption of Manufacturing of Hybrid and Electric Vehicles) policy. They have also laid lines to manufacture the stators and rotors in house; these are expected to be operational soon.

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More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

This park will not only enable Adani Green Energy’s vision of 45 GW operating renewable capacity by 2030 but will also play a critical role in India’s net zero journey,” he said. “We Lakshmi N Mittal, Executive Chairman of ArcelorMittal said that fair and transparent governance has been the hallmark of the state’s policy.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Other areas of energy transition investment also showed strength. Other areas of energy transition investment also showed strength. billion last year.

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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A similar plant in China and Poland would cost an estimated $112 million and $65 million, respectively. Precursor material produced at plants in the DRC could be cost competitive with material produced in China and Poland but with a lower environmental footprint. —James Frith, head of energy storage at BNEF.

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