The company plans to invest approximately $200 million in U.S. conductive carbon additives over the next five years, with plans to add 15,000 metric tons of capacity in Texas to meet needs of electric vehicle lithium-ion battery applications.
Also on the rise: More hydrogen production coming to California. Wyoming laws seek to kill net metering and EVs. And more.
The EV battery manufacturer purchased 135 acres in Imperial Valley, California near the Salton Sea, which will be the site of one of the largest Gigafactories in North America with capacity to produce enough batteries to power 650,000 electric vehicles per year.
In recent weeks Glenn Youngkin nixed a Virginia Ford facility after he was informed that companies had decided to invest.
Coram Energy, a historic developer of the Tehachapi Wind farms, will deploy 646 MWh of batteries in its two first southern California storage projects.
The United States private sector makes up for nearly a quarter of the $860 billion in global EV investment announcements through 2030. Funding opportunities via legislation more than double that figure.
California-based Yoshino Technology has developed portable batteries using solid-state Li-NCM cell technology. The four variants come with power outputs of 330 W, 660 W, 2,000 W, and 4,000 W.
Also on the rise: LG Energy Solution partners with Hanwha Group on U.S. battery development. Demand shifts from fossil fuels to renewables. And more.
The non-binding agreement with Impact Clean Power covers batteries produced through 2030 and may be worth $1.8 billion.
The South Korean partners will invest in ESS-exclusive battery production lines in the U.S. and develop technologies for ESS battery solutions.
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