Cenex EV-Lite Project Reduces Weight of EV Batteries by 41%
UK-based Cenex has recently completed a two-year project to reduce both the weight and cost of electric vehicle batteries. Cenex was not only able to succeed in achieving a 63% reduction in the cost of non-cell battery components, they were also able to shave off 99 pounds or about 41% of the weight of a standard EV battery. The team made these weight and cost savings by eliminating the need for wires and screws in the battery pack, greatly reducing the number of battery components. Centex’ EV-Lite project only used 196 components compared to over 800 in a conventional battery pack.
Electric Vehicle Sales in Europe Surges 77%
The first half of 2014 saw a tremendous upswing for electric vehicle sales in Europe, surging 77% from last year’s figures. The main driver of this uptrend was Norway, who posted a staggering 302% sales increase compared to the same period last year. Like Norway, but not to such a strong extent, Germany, the Netherlands, the UK, Austria, Belgium, Sweden and Switzerland all saw strong electric car sales. The top buys were Nissan’s Leaf (7,109), Tesla Model S (5,330) and Renault Zoe (3,669).
First Solar Announces Its First-Ever Solar Power Project in India
First Solar, one of the biggest solar PV module manufacturers, announced plans to build a 45 MW solar power project in India’s southern Indian state of Telangana, earmarking First Solar’s maiden solar power project in the country. Construction for the project is set to begin this October and the plant is expected to be commissioned by May 2015. Around 75 million kWh of DC electricity would be generated from the project, which would be sold to the local utility at 6.49 rupee ($0.11) per kWh for a 20-year period.
Shunfeng Buys 30% Stake in US Energy Storage Company
Shunfeng Photovoltaic International Ltd., a Hong Kong-based solar products manufacturer, announced that its unit SF Suntech Inc. will acquire a 30% stake in U.S. energy storage company Powin Energy Corp. for $25 million. SF Suntech will also have an option over two years to buy another 30% for $37.5 million. Oregon-based Powin specializes in energy storage using Li-ion batteries for power plants, data centers and micro grids. Shunfeng’s plan to become a major global clean-energy company has led to numerous deals, including its $480 million purchase of Wuzi Suntech Power Co., once the world’s biggest panel maker.