GM is entering the booming energy storage market with a new sodium-ion battery chemistry, aiming for cost-effectiveness and supply chain resilience. While Tesla dominates, GM's deliberate approach focuses on long-term product development, with sodium-ion cells expected later this decade.
GM is entering the booming energy storage market with a new sodium-ion battery chemistry, aiming for cost-effectiveness and supply chain resilience. While Tesla dominates, GM's deliberate approach focuses on long-term potential, including future EV applications.
General Motors is advancing vehicle-to-grid capabilities and developing next-generation sodium-ion batteries to support energy storage and data centers. The automaker aims to combat rising energy costs for EV owners and reshape grid-scale energy storage.
Waymo is partnering with B2U to repurpose retired robotaxi batteries for energy storage in California and Texas, addressing the end-of-life treatment of its EV fleet.
Waymo is partnering with B2U Storage Solutions to repurpose used batteries from its autonomous robotaxi fleet for stationary energy storage. This initiative aims to contribute hundreds of megawatt-hours to local power grids, supporting renewable energy and extending battery life.
Mikro MSC Berhad and Hong Kong Cospower Technology Co Ltd (HKCT) have signed a two-year agreement making HKCT Malaysia's exclusive strategic partner for utility-scale battery energy storage system (BESS) projects. The deal aims to address solar power storage challenges and aligns with global trends in battery manufacturing expansion and supply chain diversification.
LG Energy Solution's US unit secures a $1.6B deal to supply 1.5GW/6GWh battery cells for DTE Energy's Michigan storage projects, driving shares up 15.25%.
Russia is rolling out pilot energy storage units with a total capacity of 600 MW to enhance the reliability of renewable energy supplies. Projects are planned for the south and east of the country, with some systems potentially launching by July 1.
Residents and local council in Victoria's Gippsland region are opposing proposals for large battery energy storage systems (BESS) on prime agricultural land. Concerns include fire risk, environmental impact, and loss of farmland, despite the need for such systems in the energy transition.
Ford Motor shares jumped 6.7% on Thursday and 13% the prior day after announcing Ford Energy, a subsidiary offering U.S.-assembled battery energy storage systems, leveraging technology from Chinese partner CATL, amid a U.S.-China summit and analyst predictions of potential supply agreements with large commercial customers.
Ford Motor shares jumped over 6% on Thursday, following a 13% gain the prior day, driven by buzz around its new energy storage subsidiary, Ford Energy, and its potential to leverage Chinese technology amid improving US-China relations.
The battery recycling and energy storage company has hired former Tesla finance chief Deepak Ahuja, reuniting him with former Tesla CTO JB Straubel.
Chinese scientists have achieved a breakthrough in “all-iron flow battery” technology that could sharply reduce the cost of storing renewable energy while significantly extending battery lifespan. Lithium costs over 80 times more than iron as a raw industrial material at present. An iron battery may offer a potential solution to one of the biggest bottlenecks in the global energy transition, according to the researchers. A team from the Institute of Metal Research under the Chinese Academy of...
Sungrow Power Supply has refiled for a Hong Kong listing, reviving plans after its October application lapsed. The solar inverter and energy storage maker, which holds over 25% global market share, joins a wave of mainland companies submitting IPO documents to Hong Kong, signalling renewed activity in the city's IPO pipeline.
Chinese battery cell manufacturers are poised to benefit from the US-Israeli war in Iran, according to Fitch Ratings, even as fierce competition, overcapacity and thin margins weigh on some downstream firms. Global demand for energy storage was set to rise, driven by high oil prices and rapidly expanding artificial intelligence (AI) data centres, said Wang Ying, a managing director at the credit rating agency. “We believe that China’s leading energy storage cell manufacturers will be the bigger...
Redwood Materials laid off approximately 135 employees, or about 10% of its workforce, as the battery recycling company restructures to focus on its growing energy storage business. The cuts follow a 5% reduction five months prior and come amid broader industry challenges, including Ascend Elements' Chapter 11 bankruptcy filing. CEO JB Straubel told remaining employees the company is "the strongest it's ever been" and emphasized momentum in energy storage.
Ganfeng Lithium, the world’s largest producer of lithium metal, has issued a strong profit forecast for the first quarter of this year as soaring demand for electric vehicles (EVs) and energy storage system (ESS) batteries lifted earnings. The company, based in China’s central Jiangxi province, said in an exchange filing on Thursday that increasing orders had driven up prices of lithium – a key material for EV and ESS batteries – helping it post an estimated profit of 1.6 billion yuan (US$234...
