The shopping spree in smart grid and energy storage continued when BASF acquired Ovonic Battery Company, a subsidiary of Energy Conversion Devices (ECD), on February 13 for the low price of $58 million. The deal occurred as ECD filed Chapter 11 bankruptcy, accounting for the low valuation. With the ...
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News Commentary | June 30, 2021
Though Tesla has consistently used nickel‑based cathodes in its products – NCA cathodes in its vehicles and NMC in its stationary storage products – the company announced it would begin using LFP‑type cathodes in its stationary storage line of products. The move was probably motivated by several ... To read more, click here.
News Commentary | July 09, 2021
The new regulations aim to address safety concerns over retired batteries from BEVs. Although system size was not defined, the policy would impact a large portion of China's energy storage demand, making it a decisive loss for second‑life applications. With increasing concern about material supply ... Not part of subscription
Analyst Insight | April 26, 2022
In the past year, battery manufacturers have continued to announce hefty capacity expansions, often with associated automakers or in regions with anticipated battery electric vehicle growth. Despite supply crunches as a result of COVID‑19 and battery demand outpacing production, the largest global ... Not part of subscription