Month: August 2022

Volkswagen Group and Canada aim to advance sustainable battery supply chain in North America

Volkswagen signs agreement with Prime Minister Justin Trudeau’s government on battery value creation and raw material security Volkswagen Group’s battery company PowerCo pushes ramp-up of its global battery business, further proof of Volkswagen’s ambitious growth strategy in North America Volkswagen AG and the Government of Canada aim to promote e-mobility in the country and to…
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August 30, 2022 0

New Octopus Energy renewables fund makes first investment to develop the UK’s largest battery

€220m Octopus Energy Development Partnership launched, driving new green power generation to reduce Europe’s gas reliance Fund to support renewable energy developers, helping to lower energy bills for consumers in future First deal to accelerate growth of renewables developer Exagen and the construction of the UK’s largest battery London, Wednesday 24 August 2022 – Octopus Energy Group…
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August 26, 2022 0

Ecobat Solutions completes UK Re – brand

West Midlands firm looks to the electric vehicle future Nearly 2500 EV batteries already processed into recycling and second-life Advanced battery diagnosis, re-engineering and recycling facility drives sustainability Ecobat Solutions UK has announced the completion of its re-brand, with a fresh look marking the company’s future intentions as a market leader in the advanced battery…
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August 24, 2022 0

Polestar to supply batteries to electric hydrofoil boat company Candela

Extends Polestar’s efforts to drive sustainable electric mobility beyond the automotive industry GOTHENBURG, SWEDEN – 23 August 2022. Polestar (Nasdaq: PSNY), the Swedish premium electric performance car company, has signed a multi-year agreement to supply battery and charging systems to Swedish hydrofoil electric boat company, Candela. The agreement marks one of the world’s first direct battery…
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August 23, 2022 0

The U.S Senate’s new Inflation Reduction Act is a misnomer for the EV battery market

The clean energy package will stimulate manufacturing and retail of sustainable energy products, but might the battery sector be looking at unintended consequences? The EV sector is already hyper stimulated with demand outstripping supply. Latest research from across 18 countries shows that 52% of car buyers want their next car to be a BEV[i] but vehicle production…
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August 22, 2022 0

Lithion Recycling Receives $22.5 million in Funding from the Quebec Government

MONTREAL, QC, April 1, 2022 – Lithion Recycling Inc. (“Lithion”) is proud to announce $22.5 million dollars in funding from the Quebec government, including a 15 million equity investment in the company’s capital stock through Investissement Québec and $7.5 million in grants from the Fonds d’électrification et de changements climatiques. Lithion also received funds earlier this…
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August 18, 2022 0

The Faraday Institution and NREL sign MOU in support of US UK joint battery research

Initial focus to reduce reliance on critical materials and enable recycling of lithium-ion batteries HARWELL, UK (15 August 2022) Leaders in energy storage research in the United Kingdom and the United States have signed a memorandum of understanding (MOU) establishing a cooperative relationship in support of projects to develop and improve high-capacity batteries as well…
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August 16, 2022 0

Electric Vehicles Lead the Way for Efficient Battery Solutions Globally

Electric vehicle manufacturers will adopt future chemistries over the next 5-7 years to overcome range anxiety and cost issues resulting in more effective battery solutions, says Frost & Sullivan San Antonio – August 11, 2022– The increasing adoption of electric vehicles (EVs) has pushed the need for efficient battery solutions, augmented safety, and an extended…
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August 15, 2022 0

Volvo Group starts process to establish plant for battery production in Sweden

To meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden. “We aim to lead the transition to a decarbonized transport system and have the long-term ambition to offer our customers solutions that are 100% fossil…
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August 5, 2022 0

Inobat and Impact Clean Power Technology sign customer agreement for the development and supply of battery cells

InoBat to develop innovative prismatic battery cells in line with Impact’s sophisticated technical specifications and high cycle life requirements➢ Battery system for use in an electric bus for a leading European manufacturer➢ Testing to commence in 2023 with aim to commence production immediately Bratislava/Warsaw, 13 July 2022: InoBat Auto (“InoBat”), the European pioneer of premium…
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August 2, 2022 0