Foxconn mulling battery energy storage unit in India
Taiwanese electronics manufacturer Foxconn (Hon Hai Technology Group), which is working on lithium ferro phosphate (LFP) and solidstate batteries, is exploring production of electric vehicles and battery energy storage systems in India.
Amara Raja Energy & Mobility Q1 profit rises 23% yoy
Amara Raja Energy & Mobility Ltd has reported a standalone total income of INR 3,156.74 crore and a net profit of INR 244.55 crore for the first quarter (April-May-June) of FY 2024-25.
Data reveals dominant players in Australian battery market
Analysis by solar and storage market consultancy SunWiz has identified the most popular brand of battery energy storage systems in the Australian market with Chinese manufacturers leading the way.
Budget 2024-25: India imposes customs duty on solar glass imports, exempts equipment for cell and module manufacturing
Import of solar glass will attract 10% customs duty from October. Further, the list of exempted equipment for solar cell and panel production has been expanded.
Rays Power Infra forms subsidiary for gigawatt-scale solar, battery storage manufacturing
Rays Power Infra has set up a wholly-owned subsidiary for production of solar modules, solar cells, and battery energy storage systems (BESS) at gigawatt scale.
Iron flow battery manufacturer secures $50 million investment
Publicly-traded ESS Tech announced it received an investment from the Export-Import Bank of the United States to expand its manufacturing capacity in Oregon.
India’s 10 GWh tender draws seven bids to set up giga-scale battery cell manufacturing facilities under PLI scheme
Bids were received for seven times the manufacturing capacity of 10 GWh to be awarded.
LG launches new residential storage solution
LG has developed two versions of its new enblock E storage system, each with usable energy capacities of 12.4 kWh and 15.5 kWh. It says the two models, sized at 451 mm x 330 mm, can be easily deployed in small spaces.
Acculon launches production of sodium-ion battery modules, packs
US-based Acculon Energy has announced series production of its sodium-ion battery modules and packs for mobility and stationary energy storage applications. Scaled production of 2 GWh is scheduled to start in mid-2024.
Gates-backed Fourth Power pilots thermal storage based on TPV cells
Fourth Power, backed by Bill Gates’ venture firm, has developed high-density thermal energy storage based on thermophotovoltaic cells. The tech, which is reportedly 10 times cheaper than lithium-ion batteries, is based on the U.S. company’s patented liquid metal heat transfer system.
