Residential battery inventories soaring in Europe, says S&P Global
European warehouses are reporting extremely high inventory levels for residential energy storage systems, with aggressive prices expected, as distributors need to start clearing their stocks, according to S&P Global.
Birla Carbon acquires Belgian nanotube manufacturer to drive growth in lithium battery materials
Birla Carbon has acquired Belgium’s carbon nanotube manufacturer Nanocyl as it looks to establish a leadership position in materials critical to lithium-ion battery performance.
Loom Solar unveils energy storage system for homes and businesses
India’s Loom Solar has unveiled IoT-based all-in-one energy storage solutions for homes and businesses. The systems use lithium iron phosphate (LFP) batteries and are available in storage capacities of 5 kWh and 10 kWh.
Lithium-ion batteries differ in terms of risk
As the energy storage trend unfolds, stories litter the media landscape about lithium-ion batteries catching fire, and even exploding. This is a valid concern, as the time for consumers to understand a basic truth about lithium-ion batteries is long past due.
Epsilon Group acquires LFP cathode technology centre in Germany
The purchase follows Epsilon’s recent $1.1 billion investment in the establishment of a 100,000-ton cathode battery materials manufacturing facility in Karnataka, India.
Amara Raja Batteries is now Amara Raja Energy & Mobility
Amara Raja Batteries has changed its name to Amara Raja Energy & Mobility as it directs its focus to becoming a comprehensive solutions provider in the energy and mobility space.
JSW Cement begins EV trials to reduce carbon footprint in logistics
JSW Cement plans to transition to EV trucks across its manufacturing operations. Toward achieving that goal, it has initiated an EV truck pilot project between its manufacturing operations in Karnataka and Andhra Pradesh.
Shyam Metalics to make aluminum foil for lithium-ion cells
Shyam Metalics’ entry into battery-grade aluminum foil at scale will support domestic Lithium-ion battery production.
Exide Energy to produce NCM, LFP lithium battery cells initially
Exide Energy is setting up 6 GWh of lithium battery capacity initially, including 3 GWh for lithium nickel cobalt manganese oxide (NCM) and lithium iron phosphate (LFP) cells each. It plans to scale it to 12 GWh in the near future.
India needs $15 trillion to achieve net zero by 2070, says FICCI-Deloitte report
To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.
