Northvolt, Europe''s main battery maker, will proceed with plans to build its next factory in northern Germany after the federal government committed to pump hundreds of millions of euros in...
The European Commission has announced that Swedish battery manufacturer Northvolt will receive €902 million of German state aid to develop a battery cell gigafactory in Heide, in the German...
"Growth in the home storage market continues unabated. With the production capacities of the new Gigafactory, we can adapt well to the growing market," said Dominik Gluba, general manager of Varta Energy
This is at the lower end of the Clean Energy Institutes'' range for lithium-ion batteries of between 100-265Wh/kg, which means CERENERGY would be more suitable for the energy storage system (ESS) sector. The
TESVOLT energy storage systems are the economical choice for the most demanding applications. Made in Germany, in Europe''s first ever gigafactory for stationary battery storage systems, in Lutherstadt Wittenberg.
The new gigafactory increases Northvolt''s pipeline of battery manufacturing capacity under development to over 170 GWh, thereby advancing the company on its mission to deliver batteries in a manner characterized by
The target market is specifically focussed on the grid (stationary) energy storage market which is expected to grow by 28% CAGR in the coming decades. The global grid energy storage market is expected to grow from USD 4.4 billion in
The gigafactory will utilize the renewable energy from wind power accessible in the region known to host Germany''s first wind park, delivering on Northvolt''s mission to mass produce the world''s greenest
Energy-Storage.news'' publisher Solar Media will host the 6th Energy Storage Summit USA, 19-20 March 2024 in Austin, Texas. Featuring a packed programme of panels, presentations and fireside chats from industry
The European Commission has announced that Swedish battery manufacturer Northvolt will receive €902 million of German state aid to develop a battery cell gigafactory in Heide, in the German state of Schleswig-Holstein.
Northvolt has to date secured in excess of $50 billion worth of contracts from key customers, including BMW, Fluence, Scania, Volkswagen, Volvo Cars and Polestar, to support its plans, which include establishing recycling capabilities to enable 50 percent of all its raw material requirements to be sourced from recycled batteries by 2030.
The new factory will have an annual production volume of batteries with 60 gigawatt-hours of capacity and supply about 1mn electric vehicles with high-quality battery cells, the ministry said. It will employ 3,000 people directly and thousands more in the surrounding industry and service sector.
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