Companies such as BMW and Stellantis are resisting the rush into EVs, believing that the green revolution will be gradual. Peter Campbell in London and Joe Miller in Frankfurt Flanked by row after row of the new electric models Toyota plans to release this decade, it appeared that the carmaker’s boss Akio Toyoda was preparing […]
Rio Tinto strikes USD-825m lithium project deal in Argentina – EQ Mag Pro
Anglo-Australian mining group Rio Tinto Plc (LON:RIO) has signed a binding agreement to buy for USD 825 million (EUR 729.4m) a large undeveloped lithium brine project in Argentina. The company announced the deal for the Rincon lithium project last week and said it comes in line with its plan to build its battery materials portfolio. […]
Arena offers $100 million funding for grid scale batteries – EQ Mag Pro
The Australian Renewable Energy Agency has announced a $100 million competitive funding round for grid scale batteries equipped with advanced inverters. The Australian Renewable Energy Agency’s (Arena’s) large scale battery storage funding round will provide up to $100 million funding for new battery energy storage projects of at least 70 MW or larger operating in […]
$100 million to support the next generation of grid scale batteries
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) today announced a $100 million competitive funding round for grid scale batteries equipped with advanced inverters to support the grid. ARENA’s Large Scale Battery Storage Funding Round will provide up to $100 million in funding to new battery energy storage projects of 70 […]
Luminous Power Technologies partners with Gridtential to provide affordable batteries in India
New Delhi : Luminous Power Technologies, a leader in power backup and home electricals in India, today announced a formal evaluation agreement with Gridtential Energy, the inventor of Silicon Joule® bipolar battery technology. The partnership is another milestone in the continued adoption of Silicon Joule in the fast-growth energy storage solutions market. The demand and […]
Electric vehicle batteries: Major players and their expansion plans – EQ Mag Pro
The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing a skills shortage. Global sales of EVs, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new […]
Engineers Produce World’s First Cobalt-Free Batteries: Why It’s Good For Earth – EQ Mag Pro
While electric vehicles paint a green future for us all, most are oblivious to what goes in the background. Sure, electric vehicles are way cleaner and efficient than fossil fuels, but the components needed to make the batteries cause a ton of damage along the way. Making batteries isn’t a clean affair Lithium, that’s needed […]
Charging the future – EQ Mag Pro
With the increasing use of lithium-ion batteries in data centres, the market is expected to grow significantly by 2025 The Middle East and particularly the GCC has seen a sharp rise in the number of data centres in recent years to cope with increased demand for cloud and big data. This in turn has led […]
BMW orders ₹1.75 lakh crore batteries as electric vehicle demand grows – EQ Mag Pro
An aerial view shows the BMW Headquarters, ahead of the Munich Motor Show IAA Mobility 2021 in Munich, Germany. BMW AG has boosted orders for batteries cells to keep pace with accelerating demand for electric cars that made up for more than 11% of deliveries during the half of the year. The German carmaker now […]
Tianqi, IGO Produce First Australian Lithium Hydroxide For Batteries – EQ Mag Pro
IGO gave debt-laden Tianqi a lifeline late last year when it agreed to pay $1.4 billion for a stake in the Chinese company’s Australian lithium assets, namely the Kwinana processing plant and the world’s biggest lithium mine, Greenbushes, both in Western Australia. MELBOURNE : A joint venture between Tianqi Lithium and IGO Ltd has produced […]