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li ion batteries

SOFAR Futuristically Designed Factory Visited by PVO International

SOFAR, a global provider of PV and ESS solutions, was recently visited by PVO International Commercial Director Hans Ekelmans and Procurement Manager Erwin Damen at the firm’s brand-new manufacturing base in Huizhou. The first phase of SOFAR latest smart and digital factory covers an area of over 110 thousand square meters, with a total investment […]

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NREL Study Forecasts Significant Decline in BESS Costs by 2030

The long-term lithium-ion battery energy storage system (BESS) costs could halve over this decade, as per the “Cost Projections for Utility-Scale Battery Storage: 2023 Update” report by US National Renewable Energy Laboratory (NREL). The report forecasts the future capital expenditure (capex) costs of Battery Energy Storage Systems (BESS) from 2022 to 2050. It specifically focuses […]

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Ola Electric Sets the Ball Rolling for 100GWh Factory at Tamil Nadu

Ola Electric has kickstarted the establishment of what is set to be India’s biggest Gigafactory. The gigafactory, which is to come up in Krishnagiri, Tamil Nadu, will begin with an initial capacity of 5 GWh and later, expand to 100 GWh in  a phase-wise manner. The firm has set sights on beginning operations by next […]

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Lithium Market Size To Grow By 1,066.47 Thousand From 2022 To 2027: Report

A latest global market research report on Lithium claimed that the international lithium market size is estimated to increase by 1066.47 thousand t from 2022 to 2027. Global market research company Technavio released the report.  The Global Lithium Market 2023-27 report claimed that the market’s growth momentum would progress at a Compound Annual Growth Rate […]

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University of Freiburg Leads Breakthrough in Aluminum-Ion Battery Research

A team led by the University of Freiburg has made remarkable strides in aluminium ion battery chemistry, bringing us closer to a viable alternative to traditional batteries that rely on rare and challenging-to-recycle resources like lithium. Aluminium, being abundantly available in the Earth’s crust, offers a more sustainable and cost-effective solution, along with improved safety […]

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Need A PLI Scheme For Grid-Scale Storage Systems: RK Singh

Union Power Minister RK Singh publicly batted for starting a dedicated Production Linked Incentive (PLI) scheme for grid-scale storage systems. The statement has opened up speculations about the intention of the government to create a new scheme in this direction. Speaking at a public Delhi, the Minister for New and Renewable Energy said that renewable […]

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ProLogium to Unveil Next-Generation Solid-State Battery at ees Europe

ProLogium is attending ees Europe, Europe’s largest battery and energy storage technology event, in Munich, Germany, where it will unveil its next-generation solid-state battery and manufacturing technologies with industry experts. The event is also set to mark the world premiere of ProLogium’s latest breakthrough innovation called large-footprint lithium ceramic battery (LLCB) a brand new next-generation […]

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Toyota’s Big Bet On Advanced Solid-State Batteries

Toyota announced on Tuesday its plans to incorporate high-performance solid-state batteries and other advanced technologies into their future electric vehicles (EVs) to improve driving range and reduce costs. For the Japanese and global auto major, solid state batteries have formed the lynchpin of a future push outside non-ICE vehicles with a technology and materials it […]

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