Tag: Large EV Batteries
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New Cooling System Improves Battery Efficiency
Castrol and Lion Smart have partnered to develop a battery module that aims to enhance energy recuperation, reduce system costs, and support faster charging in next-generation EVs and storage systems.
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Redwood Raises $350 Million to Expand Battery Storage Focus
US battery recycler Redwood Materials has completed a $350 million Series E round led by Eclipse Ventures and joined by NVentures, shifting its strategy toward large-scale second-life energy storage. Energy Storage News
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Energy Storage Exists, And It’s An Earthshot Prize Finalist
the US energy storage market is still holding firm, despite the fantasy of a battery-free world articulated by some high ranking federal officials. The US-based global consulting firm Coherent Market Insights, for example, has just issued a new report under the title “U.S. Advanced Energy Storage Market Set to See Incredible Growth 2025–2032.”
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Vietnam Advances Ambitious Battery Storage Plans
Vietnam has set targets of 10,000–16,300 MW of battery storage by 2030 under its revised power plan, while formalizing BESS in law and working on tariffs, licensing, and incentives to scale from pilot projects to commercial deployment.