Market Focus

Luminous CEO foresees Indian CAGR for ESS around 16% 747 1024 Energy Storage Journal

Luminous CEO foresees Indian CAGR for ESS around 16%

December 8, 2022: India’s battery storage sector is at a pivotal moment as the world embraces climate-friendly energy policies while facing energy supply challenges, the head of the country’s Luminous…

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India needs multiple battery technologies, says policy chief 898 487 Energy Storage Journal

India needs multiple battery technologies, says policy chief

December 8, 2022: India’s lead battery industry should step up its promotion of the technology to ensure it remains a key player in the country’s burgeoning EVs and energy storage…

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Prime Batteries agrees EIT InnoEnergy investment deal 1024 842 Energy Storage Journal

Prime Batteries agrees EIT InnoEnergy investment deal

December 8, 2022: Lithium batteries developer Prime Batteries Technology says it signed an investment agreement for an undisclosed sum on November 10 with EU-backed tech developer EIT InnoEnergy. Prime said…

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Kore Power closes initial gigafactory financing 600 681 Energy Storage Journal

Kore Power closes initial gigafactory financing

December 8, 2022: Kore Power said it closed the initial $75 million tranche of a $150 million investment round on November 30 ahead of starting construction of its KorePlex batteries…

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BorgWarner to make lithium battery systems in Brazil 1024 763 Energy Storage Journal

BorgWarner to make lithium battery systems in Brazil

December 8, 2022: BorgWarner, a US-led automotive supplier, unveiled plans on November 25 for a lithium ion NMC battery systems production plant in Piracicaba, Brazil. “This is another step forward…

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Combined company to kickstart launch of European lithium project 800 500 Energy Storage Journal

Combined company to kickstart launch of European lithium project

November 3, 2022: A new combined company, Critical Metals, is being formed to own European Lithium’s Wolfsberg lithium project in Austria — which is targeting a launch of operations in…

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Nala Renewables boosts US BESS expansion with Long Island projects 469 180 Energy Storage Journal

Nala Renewables boosts US BESS expansion with Long Island projects

March 31, 2022: UK-headquartered Nala Renewables said on March 29 it is to develop four new battery energy storage projects in New York State. The renewable energy investor and developer…

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Queensland go-ahead for Chinchilla battery storage 850 444 Energy Storage Journal

Queensland go-ahead for Chinchilla battery storage

March 31, 2022: Australia’s Queensland state government is backing construction of a 100MW/200MWH Tesla Megapacks energy storage plant, CS Energy announced on March 30. CS Energy, the state-owned power company,…

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EU urged to adopt climate laws to expand storage 230 153 Energy Storage Journal

EU urged to adopt climate laws to expand storage

March 31, 2022: Industry members of the European Battery Alliance said on March 23 that EU leaders must move quickly to adopt new climate laws, to encourage increased investment in…

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KORE Power launches new division after acquisition 902 1024 Energy Storage Journal

KORE Power launches new division after acquisition

March 31, 2022: US-based battery cell tech company KORE Power said on March 23 it had acquired energy storage company Northern Reliability) for an undisclosed sum — and had launched…

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