Energy storage equipment manufacturer adds branch factory

Will Germany build a Gigafactory for energy storage systems?

Energy storage systems. Image by: Varta AG. German batteries manufacturer Varta AG (ETR:VAR1) will pour more than EUR 20 million (USD 21.7m) to build a gigafactory for energy storage systems in Germany’s Baden-Wurttemberg state in a bid to meet growing demand in the renewable energy sector.

Which companies are expanding or building new battery facilities?

ACP said companies that are already expanding or building new battery facilities include Tesla in Nevada, Fluence in Tennessee, LG Energy Solution in Michigan and Form Energy in West Virginia. "We need clean power, we need more power and we need the ability to store power," West Virginia Senator Shelley Moore Capito said at the event.

Where will LG Energy Solution build a new battery cell factory?

LG Energy Solution will build a new battery cell factory in the US with 43GWh annual manufacturing capacity, including 16GWh dedicated to the stationary energy storage market. The South Korea-headquartered company said this morning that it will invest KRW7.2 trillion (US$5.5 billion) into the production plant in Queen Creek, Arizona.

Where are Entek batteries made?

ENTEK, the only U.S.-owned and U.S.-based producer of ‘wet-process’ lithium-ion battery separator materials, announced plans today to establish operations in Indiana, investing $1.5 billion in a new Terre Haute production facility.

How will Entek's new battery manufacturing facility impact west central Indiana?

“ENTEK’s decision to locate a new, $1.5 billion battery component manufacturing facility here will have a transformational impact on the West Central Indiana community and the Hoosier economy for generations to come.

How will the Gigafactory adapt to the growing home storage market?

"Growth in the home storage market continues unabated. With the production capacities of the new Gigafactory, we can adapt well to the growing market,” said Dominik Gluba, general manager of Varta Energy Storage. He pointed out that close to 240,000 new energy storage systems are expected to be added in Germany in the first half of the year.