GFCL EV Plans To Invest Rs 6000cr In Next Years In EV, Energy Storage Updated On Wed, Feb 7th, 2024 by Saurenergy Gujarat Fluorochemicals (GFCL) EV Products Ltd, a subsidiary of Gujarat Fluorochemicals Ltd. (GFL), recently announced an investment of INR 6000 Crores (out of which approx. Rs 650 Cr is already invested till 31.12.2023) over the next 4- 5 years. This investment is to enable a supply of approx. 200 GWh/annually of electric vehicle (EV) and […] Read more
Five Trends Which Can Shape Lithium-Ion Market In 2024 Updated On Fri, Feb 2nd, 2024 by Saurenergy The lithium market is experiencing a period of transition as demand growth slows and the industry adjusts to changing dynamics, according to Wood Mackenzie’s ‘Lithium: Five things to watch in 2024’ report. It stated, “While lithium remains a crucial raw material for batteries, its growth rate is decelerating due to a maturing market, subdued electric […] Read more
Australian Battery Recycling Start up Renewable Metals Scoops Up $8 Million Updated On Fri, Oct 6th, 2023 by Saurenergy Perth-based firm Renewable Metals has raised an AUD $8 million in funding from the Clean Energy Finance Corporation (CEFC), to scale up its battery recycling technology. Lithium ion battery recycling has been a focus area for many startups around the world, as the case is extremely strong on both environment and economic grounds, thanks to […] Read more
First Ever Future Contract Written on Lithium Battery Space between LOHUM & Log9 Updated On Thu, Oct 5th, 2023 by Saurenergy LOHUM, a sustainable energy transition materials producer, based in India and Log9, an Indian Deep Tech company specialising in Advanced EV battery technology have announced a strategic partnership. This partnership locks in weighted battery buyback prices for Log9, powered by LOHUM’s DETX™ ‘future purchase price’ prediction index for battery assets. This partnership aimed at addressing […] Read more
CNGR, Al Mada Partner For $2 Billion EV Battery Plant in Morocco Updated On Fri, Sep 22nd, 2023 by Saurenergy Chinese battery components manufacturer CNGR Advanced Material and the African private investment firm Al Mada have unveiled plans to establish an industrial hub in Jorf Lasfar, Morocco. This project will entail an investment of $2 billion. This collaborative endeavor was officially disclosed through a joint statement by the two firms. The two entities are currently […] Read more
KORE Power Chosen by Energy Vault for US Battery Production from 2025 Onward Updated On Fri, Aug 11th, 2023 by Saurenergy Swiss energy storage firm, Energy Vault, has chosen KORE Power, a company based in Coeur d’Alene, Idaho, to supply batteries produced domestically. The anticipated launch of Phase 1 at the KOREPlex facility in Arizona is set for 2025. A Master Supply Agreement was announced earlier this week, outlining an initial delivery capacity of 1.3 GWh […] Read more
US Agri Startup Aigen Brings Solar Powered Robotics To Farm Cleanup Updated On Thu, Jul 6th, 2023 by Saurenergy Aigen, a startup in the field of agricultural technology, based in Seattle, US has recently introduced a groundbreaking robotics platform that operates autonomously and can be scaled up easily. The USP of the platform is that it exploits solar and wind energy as its sole power sources. The firm claims that the Aigen Element Service […] Read more
Log9 Commissions Its Commercial Lithium-Ion Cell Manufacturing Line In Bengaluru Updated On Fri, Apr 21st, 2023 by Saurenergy Log 9 Materials, a Bengaluru-based advanced battery technology solutions company, on Friday, commissioned India’s first commercial Lithium-ion battery manufacturing line at its Jakkur plant in Bengaluru. It is said to have a production capacity of 50 Megawatt-hour (MwH) annually. “Log9’s commercial Li-ion cell manufacturing line has an initial capacity of 50 MWh. This facility […] Read more
LG Energy Solution (LGES) to Build $5.5bn Battery Plant in Arizona Updated On Mon, Mar 27th, 2023 by Saurenergy LG Energy Solution (LGES) will invest about $ 5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). LGES said that this […] Read more
