News

Gotion Hi-Tech’s LFP Batteries to Be Adopted for Volkswagen’s Vehicles Sold Outside China

published: 2023-05-12 9:30
On May 10, the major Chinese battery supplier Gotion Hi-Tech announced that its subsidiary, Hefei Gotion, has received a procurement confirmation letter from Volkswagenwerk AG (Volkswagen). According to the letter, Gotion Hi-Tech will supply LFP battery cells for Volkswagen’s vehicles sold outside of China. Subsequently, a comprehensive adoption by Volkswagen for its various model series could take place. ...  more

Microsoft Signs PPA with Nuclear Fusion Company Helion Energy

published: 2023-05-12 9:30
Microsoft announced on May 10th that they have signed a power purchase agreement (PPA) with nuclear fusion company Helion Energy. The latter plans to initiate operation for the first nuclear fusion power plant before 2028 at a targeted power generation of 50MW. ...  more

Europe to Take Off in Energy Storage and Potentially Arrive at 95GW in Installed Capacity by 2050

published: 2023-05-11 9:30
British research institution Aurora Energy Research pointed out that Europe will be increasing its quantity of 10MW grid-grade energy storage systems each year, and could arrive at an accumulated capacity of 42GW by 2030, before potentially reaching 95GW by 2050. This also means that the period between 2023 and 2050 will see more than EU€70 billion of accumulated investment opportunities. ...  more

OpenAI CEO Invests in Nuclear Fusion Startups as Technology Gains Traction

published: 2023-05-11 9:30
OpenAi CEO Sam Altman, a prominent figure in the tech world and former president of startup accelerator Y Combinator, has made a significant investment in nuclear fusion startup Helion Energy. Altman’s involvement has brought increased attention to the potential of nuclear fusion technology. ...  more

BYD Obtains Status of Qualified Lithium Producer in Chile

published: 2023-05-11 9:30
Since 2022, BYD has been reportedly investing in lithium mines outside China. In an interview with the Chilean news media last year, Stella Li, BYD’s executive vice president, said that her company plans to secure partnerships with lithium suppliers around the world. She added that BYD was negotiating for a mining project in Chile and applying for a permit to process raw materials and manufacture battery cathode materials locally. ...  more