As the global EV market grows, manufacturers are seeking new revenue streams for used EV batteries. Applications in grid and residential storage systems have become popular. The market for second-life EV batteries is expected to reach $4.2 billion by 2025.
The thin-film specialist has met representatives of the municipality of Uberaba, in the west of the state of Minas Gerais, to discuss project details. Planned investment may reach $1 billion as the Chinese manufacturer, like its peers, targets overseas markets.
A 25 MW / 52 MWh Tesla energy storage system will be installed at the Lake Bonney Wind Farm, in a state which already houses the world’s largest battery.
With a wave of consolidation predicted, the module manufacturer has announced a strategic partnership which will see it open up its overseas sales network and scale to smaller peer Tunghsu Kangtu.
The Ontario-based solar manufacturer will deploy a 150 MW production line at its manufacturing facility in Toronto, and another 150 MW line at an unspecified location in the United States.
SIMEC Zen Energy, the Australian energy arm of Sanjeev Gupta’s GFG Alliance, has officially launched its landmark US$1 billion (AU$1.38 billion) renewable energy initiative, announcing the details of its first project – the 280 MW Cultana Solar Farm.
GCL-Poly Energy Holdings Ltd expects profits for the six months ended June 30, 2018, to drop between 60 and 70%, down from the around RMB 1.2 billion (US$173.6 million) it earned in the previous year.
The London-based metal alloy and metallic products provider has conducted a test on 500 kW of wafers in cooperation with the Silicon Module Super League (SMSL). In the next weeks, it will also test 500 kW of PERC cells relying on its own “black silicon”, in coordination with another Super League producer.
The project connecting Germany and Norway was first conceived in 2015. The 624 km undersea cable will have a capacity of 1.4 GW, when operational in 2020. The EU is supporting the project and other grid infrastructure projects through its EFSI scheme to interconnect the European energy markets, for better renewable energy integration and improved security of supply.
The Quebec-based mining company has received financial support to the tune of $1.4 million from the local government to start a pilot production of 50 MT. The production equipment will be installed at the company’s facility in Montreal at a cost of $6.8 million.
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