Mitsubishi Chemical is exhibiting its latest innovation — an electric vehicle (EV) battery all-composite enclosure — as the centerpiece of its activities in booth 711 at The Battery Show North America in Novi, MI. The event, organized by PlasticsToday’s parent Informa Markets – Engineering, concludes on Sept. 14. The partnered collaboration features Mitsubishi Chemical’s fiber-reinforced […]
Battery Metals
As brutal heat tests Texas’ power grid, batteries play a small but growing role in keeping the lights on
On Wednesday night, minutes before the state’s grid operator went into emergency mode to make sure it would have enough power to meet high demand during another triple-digit day, batteries provided more electricity to Texas homes and businesses than ever before. A small but growing number of batteries sent 2,172 megawatts to the grid on […]
Battery recycling heats up with Ascend Elements’ $542M Series D
Venture funding for battery recycling startups is popping off lately, and the latest to see the IRA-driven upside is Ascend Elements, which announced a massive $542 million in Series D funding on top of $480 million in earlier DoE grants. The eight-year-old company recycles lithium batteries into black mass and produces cathode active materials (CAM) and precursor cathode active materials […]
US lags behind China, India, EU when it comes to battery recycling – report
China, the EU, and India are likely to take the lead when it comes to growing the lithium-ion battery recycling market, while the US still needs to deploy the necessary infrastructure to match the pace of those regions, a recent report by IDTechEx shows. According to the document, while China has some of the more extensive policies […]
Saudi Arabia’s crown prince looks to metals as new source of wealth
In scorching summer heat, Renier Swiegers marches through the desert toward a drilling rig. He’s not looking for oil, the dynamo of Saudi Arabia’s economy the past 80 years, though. It’s another potential source of wealth and influence the kingdom now has its eye on. Having already used its energy riches to upend the worlds […]
Gotion is bringing a $2 billion EV battery gigafactory to Illinois, creating thousands of jobs
Global EV battery developer Gotion High-Tech has announced a major investment in the state of Illinois to the tune of $2 billion to erect a new gigafactory in Manteno – about 50 miles south of Chicago. With logistic and financial support from the state, Gotion’s new plant becomes the largest investment in EV battery technology […]
European battery companies call on EU for more support
European metals and materials companies are urging the EU to ramp up financial support for the bloc’s battery industry to help it face strong competition from China and the United States, a joint letter to the EU Commission showed on Thursday. The companies said the European Union’s current plans and funds were not enough for […]
Cummins, Daimler, PACCAR form joint venture for US battery cell production
Accelera, a zero-emissions business unit of Cummins (CMI.N), Daimler Trucks & Buses US Holding and PACCAR (PCAR.O) said on Wednesday they formed a joint venture to advance battery cell production in the United States. Demand for lithium-iron-phosphate (LFP) battery technology remains strong from companies such as Tesla (TSLA.O), Toyota Motor (7203.T), Ford Motor (F.N) and […]
Momentum gathering in the flow battery industry
Some things seem to take a long time to happen. In 2018, the UK government Department for Business, Energy & Industrial Strategy (BEIS), the forerunner of what recently became the Department for Energy Security and Net Zero (DESNZ), initiated the Electricity Storage Health and Safety Gap Analysis. On 17 August 2023, the report was published. […]
The Ukraine War has accelerated research into lithium-ion battery alternatives, including ones made of sand
Russia’s war in Ukraine has had a peculiar but positive result: A newly invigorated push across Europe to rely less on Russia’s crude oil and to hit its renewable energy goals. It has also spurred research into safer alternatives to the lithium-ion batteries used in the ever-expanding electric vehicle market. Research on batteries made of sand, for example, is gaining traction, according […]
