Battery Technology News

Minister says high LNG prices are hurting Bangladesh's industrial development.

The power minister of Bangladesh said that high LNG prices have slowed Bangladesh's industrial development, forcing electricity outages, and stifling expenditure on development projects. This is due to the higher government spending on gas subsidies. Iqbal Hasan Mahmud, Bangladesh's energy minister, said that the industrial growth was?slowing and that production is reducing.

Glencore's first-quarter output of copper jumps 19%; marketing unit to surpass target

Glencore reported on Thursday that its first-quarter copper production increased 19% due to improved ore grades in Africa. Meanwhile, its marketing division is still on track to surpass the upper end of its annual earning guidance. The Swiss commodities trader-miner produced 199.600 metric tons in the first quarter. This is up from 167.900 tons in the same period last year…

China restricts solar manufacturing equipment exports to the US

Five people familiar with the consultations said that Chinese officials had held preliminary?talks? with suppliers of equipment for making solar panels, as they considered limiting the exports of most advanced technology to the United States. A clampdown of this kind would put at risk the investments made by U.S. companies and slow down the race to space-based computing…

Russell: The war fuel crisis in Iran gives electric vehicles a boost for the long term.

The U.S. president Donald Trump is known for his support of fossil fuels. However, the war on Iran will likely result in an acceleration of energy transitions, particularly in Asia. Retail fuel prices have risen rapidly in the world's fastest-growing and most populous region since the U.S.-Israeli aerial campaign against Iran began on February 28.

Russell: The war fuel crisis in Iran gives electric vehicles a boost for the long term.

The U.S. president Donald Trump is known for his support of fossil fuels. However, the legacy of war against the?Iran will likely be an acceleration in the energy transition. This is especially true in Asia. Retail fuel prices have risen rapidly since the U.S.-Israeli aerial campaign began on February 28, causing the world's fastest growing region to be hit by the fallout.

Demand for lithium is expected to increase due to the growing demand for energy storage.

The boom in battery storage in 2026 has increased the demand for lithium, bringing 'hopes of an accelerated turnaround in an industry that is struggling with an oversupply. Since the second half 2022, the lithium market has struggled with an?oversupply. Demand is not keeping up with the soaring supply - fueled by a price boom that was triggered in part by a surge in electric vehicle batteries.

The head of the car association says that demand for lithium batteries in China will fall by early 2026.

The secretary general of China's passenger vehicle association stated on Sunday that the demand for Chinese lithium batteries is likely to fall in early 2026, due to a predicted drop?in domestic sales of electric vehicles and a slowdown in battery exports. In a social media post, Cui Dongshu said that the demand for energy batteries would drop dramatically by 2026.

INSIGHT-Oklahoma! How America hopes it can compete with China on critical minerals

A two-story warehouse nestled under Oklahoma's Wichita Mountains contains the only machine capable of refining Nickel, an important energy transition metal that is now dominated by China. The facility, which is owned by Westwin Elements a startup, hopes to make Oklahoma the epicenter of critical minerals processing in the United States, a field that was largely abandoned a few decades ago.

Rural Oklahoma aims to become a hub of critical minerals processing in the United States

A two-story warehouse nestled under Oklahoma's Wichita Mountains contains the only machine capable of refining Nickel, an important energy transition metal that is now dominated by China. The facility, which is owned by Westwin Elements, hopes to make Oklahoma the epicenter of critical minerals processing in the United States, a field that was largely abandoned by the country decades ago.

Sources say that China's CMOC has called on Congo to lift the cobalt export prohibition.

Three sources said that China's CMOC group, the world's largest cobalt mining firm, called on the Democratic Republic of Congo to lift a current export ban for battery metal due to expire in the next month. Congo, which is the world's largest cobalt producer, implemented the four-month-long ban in February to try to reduce…

As the election approaches, Australia's richest woman says she wants Trump like reforms

Gina Rinehart, a mining magnate in Australia, is calling on the country to adopt a Donald Trump-style of leadership and cut government spending while increasing defence expenditures and energy security. The country will be voting this weekend. Rinehart, a vocal Trump supporter, attended the inauguration party of President Trump in Mar-a-Lago, Florida, in January.

British Business – February 26

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy. BP, the oil major in Iraq, and the Iraqi government have agreed to allow the energy group work on the redevelopment and exploitation of four large gas and oil fields in Kirkuk. Unilever's board of directors has decided to part ways with Hein Schumacher…

Engie continues to see a strong US demand for renewables

Edouard Neviaski, executive vice president of French power company Engie, said that the U.S. is still a major market for the company in terms of renewable energy projects. The U.S. president Donald Trump ordered a stop to spending on the Inflation Reduction Act and Infrastructure Investment and Jobs Act. These climate and…

MSE Int'l Wins Funding for Port Recharging Project

MSE International has won funding from TRIG 2024 to lead a new project, PRIMET; Port Recharging Infrastructure for Maritime Energy Transition.The project will accelerate the roll-out of port and harbor infrastructure needed to support the rapid expansion in vessel recharging and shore-powering facilities which are essential to realize the government’s Clean Maritime Plan.

Chinese giant CATL expands beyond batteries to power grids and EV platforms

Robin Zeng is the billionaire founder and CEO of CATL. He wants to transform the world's biggest battery manufacturer into a provider of green energy, as well as reduce the costs of developing electric cars, thus upending the economics that have driven the growth of the industry. Zeng said in an interview he expected the…

Corvus Energy to open new Battery Factory in the U.S.

As the maritime industry increasingly moves towards propulsion solutions that help cut emissions, battery technology is increasingly taking center stage on a number of ship, boat and offshore energy installations. Leading the charge are a number of battery manufacturers globally, including Norway’s Corvus Energy, which…

Charging Ahead: Brent Perry & his Sterling PBES Team Drive Maritime Battery Tech

Brent Perry, CEO of Sterling PBES is a 40+ year veteran of the marine business, and one of the pioneers in delivering battery solutions to boats and ships at sea. Please give us a by the numbers look at Sterling PBES today?Right now we are sitting in a position where we had anticipated delivering somewhere in the neighborhood of $20-21 million worth of product, which is about 35 megawatt hours.

GIEK Doubling Down on Offshore Wind

Tasked to provide the financial power to help Norwegian companies export their wares to the world, Wenche Nistad, CEO of the Norwegian Export Credit Guarantee Agency (GIEK) pulls no punches when asked about the appetite for investment in traditional offshore oil and gas today: “The money has disappeared; nobody wants to invest in oil and gas anymore…

Norway Earmarks $369M for Green Industry Investments

The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday."The crisis we are now in hasn't made the need for transformation smaller - it has increased it," Prime Minister…

E.ON, RWE Renewables Sign Clean Power Deal

Global energy company E.ON has signed an agreement to purchase clean energy from British wind farms of RWE Renewables.The 2.5-year agreement is on purchasing the output of more than 20 British wind farms, supplying sustainable power to the grid and supporting E.ON’s commitment to provide 100% renewable power for its UK…