Northvolt is Bankrupt, but Batteries Still Going Gangbusters

From FutureAZA.

Links from today’s show:
FEW European startups have attracted as much attention—and none as much capital—as Northvolt. On November 21st the Swedish maker of batteries for electric vehicles (EVs), and a would-be European champion, went bankrupt, having raised $15bn from governments and investors. Its boss, Peter Carlsson, resigned shortly after.
https://www.economist.com/business/2024/11/28/after-northvolts-failure-who-will-make-europes-ev-batteries

The biggest grid storage project using old batteries is online in Texas. Startup Element Energy set out to prove that second-life batteries could deliver cheaper energy storage safely and at scale.
https://www.canarymedia.com/articles/long-duration-energy-storage/the-biggest-grid-storage-project-using-old-batteries-is-online-in-texas

Element Energy’s 53 MWh storage project consisting of repurposed EV batteries is now operating in West Central Texas. Element Energy’s breakthrough technology enabled the reuse of EV batteries providing immediate environmental benefits. U.S. Department of Energy provided key funding for the commercial project

Element Energy Announces Commissioning of World’s Largest Second-Life Battery Storage Project

World’s 1st silicon anode EV battery will let you drive up to 186 miles after just 5 minutes of charging. A ceramic battery manufacturer has unveiled a solid-state battery concept that can be charged from 5% to 60% capacity in just five minutes — giving future electric vehicles (EVs) a 186-mile (300 km) range in the time it takes to order a coffee.
https://www.livescience.com/technology/electric-vehicles/worlds-1st-silicon-anode-ev-battery-will-let-you-drive-up-to-186-miles-after-just-5-minutes-of-charging

CATL unveils powerful 500-mile EV batteries for heavy trucks with 15-year life. The long-life version of the Tectrans battery can last up to 1.86 million miles and 15 years, significantly reducing operational costs for heavy-duty vehicles.
https://interestingengineering.com/energy/catl-500-mile-range-ev-truck-batteries

BYD will launch its next-generation battery next year, which is expected to deliver better range performance for vehicles. “This will enhance the driving distance of our vehicles, and also extend the life cycle of the battery itself,” Cao said, according to a video of the interview that aired on November 22.
https://cnevpost.com/2024/11/25/byd-to-launch-next-gen-blade-battery-2025/

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