Batteries

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Energy Storage Boom Drives Battery Shift, Leaving Nickel, Cobalt Behind

Batteries, Energy Storage, Energy Topics & Technology, Latest, US News / By

Summary Cheap LFP batteries drive rapid energy storage growth Storage demand for grid transitions expanding exponentially Trend likely to accelerate pivot away from nickel and cobalt (Reuters) – When Fidra Energy acquired a 55-acre (22-hectare) patch of northern England countryside in 2023, its plan to transform it into a 1.45 gigawatt energy storage facility – …

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Panasonic CEO Says Battery Plans Align With Slower EV Demand

Batteries, Electric Vehicles, Energy Topics & Technology, Latest, US News / By

  Panasonic’s decision not to expand battery production capacity has been validated by slower global demand for electric vehicles. The company is preparing to start production at a second US-based factory in Kansas, but has frozen plans for a third plant, and may benefit from having US factories as Tesla and others seek to reduce …

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Panasonic to Slash 10,000 Jobs in Shift to Data, Energy Storage

Batteries, Electric Vehicles, Energy Storage, Energy Topics & Technology, Latest, US News / By

Panasonic shares are up only five per cent since the start of the year, hurt by fears about EV sales and U.S. tariffs By Yuki Furukawa Panasonic Holdings Corp. is slashing headcount by 10,000, or more than 4 per cent, part of a push to cull non-growth operations and boost profitability. The supplier of lithium-ion …

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‘Store, Baby, Store’ – Texas Is Ground Zero for the US Battery Boom

Batteries, Electricity Grid, Energy Topics & Technology, Latest, US News / By

Texas installed 4 gigawatts of battery capacity last year, surpassing California’s pace for the first time. Big batteries in Texas are addressing issues on the electric grid, storing excess wind and solar power and meeting surging demand from new residents and electric vehicles. The growth of battery storage in Texas is threatened by tariffs on …

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Northvolt, Europe’s Great EV Hope, Files for Bankruptcy After Failing to Reach Rescue Deal

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Company once seen as the answer to domestic battery production Northvolt AB filed for bankruptcy in Sweden, bringing to an end a company that was once seen as the future of Europe’s battery production. The Swedish supplier for electric-vehicle manufacturers will see its business and its assets sold by a Swedish court-appointed trustee, according to …

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America’s Battery Industry Tries to Find Its Footing in Trump World

Batteries, Electric Vehicles, Energy Topics & Technology, Latest / By

The sector is very much in limbo following a surge in activity during the Biden presidency. By Gabrielle Coppola ‘We Have Work to Do’ Last week, I attended the annual gathering of NaatBaat International, a trade group focused on building a homegrown battery industry in North America. The crowd of startup executives, scientists and consultants was about …

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Brookfield Makes $1.7 Billion Renewables Bet on Increasing AI, Data Power Needs

Batteries, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

Announces deal to buy National Grid’s U.S. onshore renewables business including solar parks and onshore wind farms By Rachel Morison and William Mathis Brookfield Asset Management Ltd. agreed to spend US$1.7 billion in a deal to expand its U.S. onshore renewables business as the company bets there will be increasing demand for electricity from data …

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China’s Clean Energy Investments Nearing Scale of Global Fossil Investments, Researchers Find

Batteries, CDN and International News, Electric Vehicles, Energy Topics & Technology, Latest, Renewable Energy, Solar / By

BEIJING, Feb 19 (Reuters) – China invested 6.8 trillion yuan ($940 billion) in clean energy in 2024, approaching the $1.12 trillion in global investment in fossil fuels, according to a new analysis for U.K.-based research organisation Carbon Brief. That was despite growth in China’s clean energy investments slowing to 7% from 40% in 2023 amid …

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Northvolt Threatens to Sue Creditors Over Seized Funds

Batteries, CDN and International News, Electric Vehicles, Energy Topics & Technology, Latest / By

The battery maker’s bankruptcy lawyer argued in a letter to creditors that Chapter 11 processes cover all countries Bloomberg News The steps to recover claims “violate United States federal law and an order from the U.S. Bankruptcy court,” Christopher T. Greco, a lawyer for Kirkland & Ellis LLP, wrote in the letter seen by newspaper …

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Burning Teslas Add to Toxic Pollution Delaying L.A. Return

Batteries, Electric Vehicles, Energy Topics & Technology, Latest, US News / By

The L.A. wildfires have taken at least 27 lives and destroyed thousands of homes As the smoke clears from devastating Los Angeles wildfires, efforts to clean up the affected areas are being complicated by burnt-out electric and hybrid vehicles and home-battery storage systems. Lithium batteries from Tesla Inc., along with those from other carmakers, have …

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