‘Unfair’ subsidies probe puts EU on collision course with China over EVs, batteries

 ‘Unfair’ subsidies probe puts EU on collision course with China over EVs, batteries 962 814 Energy Storage Journal

September 21, 2023: The EU is launching a formal probe into Chinese subsidies for EVs and batteries, amid fears Beijing could steer Europe’s green energy transition off course. European Commission…

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Redwood acquires Redux to move into EU recycling market

 Redwood acquires Redux to move into EU recycling market 843 534 Energy Storage Journal

September 21, 2023: Redwood Materials has realized its expansion into the European EV and ESS battery recycling market by acquiring Germany-based Redux, the companies announced on September 19. Nevada-based Redwood…

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LGES to invest $1bn green bond proceeds in global battery network

 LGES to invest $1bn green bond proceeds in global battery network 1024 683 Energy Storage Journal

September 21, 2023: LG Energy Solution has raised $1bn through its first global green bond issue which will be invested in its global battery production facilities. The South Korea-based manufacturer…

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Lithium producer SQM invests $2.6m in Altilium

 Lithium producer SQM invests $2.6m in Altilium 1024 478 Energy Storage Journal

September 21, 2023: SQM Lithium Ventures has invested nearly $2.6 million in UK battery recycling tech firm Altilium as part of a series ‘A’ funding round, the firms said on…

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India launches grants scheme for 4,000MWh BESS bonanza

 India launches grants scheme for 4,000MWh BESS bonanza 800 533 Energy Storage Journal

September 14, 2023: India is launching a program to help fund a total of 4,000MWh of new BESS projects by 2030-31. The government said on September 6 the cabinet had…

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Gore Street picks LS Energy Solutions for California BESS

 Gore Street picks LS Energy Solutions for California BESS 1024 333 Energy Storage Journal

September 14, 2023: LS Energy Solutions is to provide the battery tech for the Gore Street Energy Storage Fund’s 200MW/400MWh BESS in California’s Imperial County. The so-called Big Rock lithium…

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KKR, Infracapital in $1bn deal for joint control of Zenobē

 KKR, Infracapital in $1bn deal for joint control of Zenobē 866 437 Energy Storage Journal

September 14, 2023: Global investment firm KKR is acquiring joint control of UK-based Zenobē alongside existing investor Infracapital, in a deal that values the business at around £900 million ($1.1…

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China’s Gotion secures incentives deal for $2 billion Illinois gigafactory

 China’s Gotion secures incentives deal for $2 billion Illinois gigafactory 892 940 Energy Storage Journal

September 14, 2023: China-based Gotion Hi-Tech is to start production at a $2 billion EV battery manufacturing plant in Illinois next year, the state’s governor announced on September 8. Jay…

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