India’s Reliance Industries has completed the takeover of sodium-ion battery company Faradion, while Amazon is set to trial a novel flow battery technology.
Tier-1 battery manufacturer EVE Energy will be the first to mass-produce lithium iron phosphate (LFP) battery cells with more than 600Ah capacity for stationary applications.
Lithium-ion OEM LG Energy Solution will slow its expansion to focus on increasing utilisation at existing production lines, while also starting battery production in the US for energy storage next year, it revealed in its quarterly results.
The US Treasury and Internal Revenue Service (IRS) have finalised the rules and process for the 45X advanced manufacturing tax credit, which effectively provides a subsidy to domestic clean energy technology manufacturing, including batteries.