The DOE’s Loan Programs Office has announced a conditional commitment for an $850-million loan to finance construction of KOREPlex, a new production facility that US battery manufacturer KORE Power plans to build in Buckeye, Arizona. Final issue of the loan is several steps away, and is dependent on certain milestones being reached. The plant, part… Read more »
Search Results Found For: "KORE POWER"
KORE Power chooses Siemens to provide infrastructure tech for Arizona battery plant
US battery cell developer KORE Power has selected manufacturing conglomerate Siemens to support the KOREPlex, KORE’s planned 12 GWh lithium-ion battery cell production facility in the Phoenix area. Siemens Smart Infrastructure technology and capital from Siemens Financial Services will, says KORE, help accelerate construction of its Buckeye, Arizona, facility to meet the growing demand for… Read more »
KORE Power to build 12 GWh battery cell plant in Arizona
KORE Power, a developer of battery cell technology for the energy storage and EV industries, plans to build a lithium-ion battery manufacturing facility in Maricopa County, Arizona. The company claims this will be the first battery plant to be wholly owned by a US company. It will certainly be the first announced in recent years… Read more »
Durapower to supply batteries for electric automated guided vehicles in South Korean ports
Singapore-headquartered lithium-ion battery manufacturer Durapower has announced that up to 60 units of its battery system will be used in automated guided vehicles (AGVs) made by VDL Steelweld, a contract manufacturing, engineering and prototyping services company headquartered in the Netherlands. The vehicles, expected to be deployed this year at a port in Busan, South Korea,… Read more »
Hyundai Mobis partners with 20 companies to develop South Korea’s automotive semiconductor industry
South Korean automotive supplier Hyundai Mobis is collaborating with 23 companies and research institutions to expand the automotive semiconductor ecosystem in its home country. The companies include automakers, fabless semiconductor companies, foundries, design houses, packaging companies and design tool specialists, such as Samsung Electronics, LX Semicon, SK keyfoundry, DB HiTek, GlobalFoundries, Dongwoon Anatech and Korea… Read more »
Group14 closes Series D funding round, acquires South Korean battery plant from SK
US-based manufacturer Group14 Technologies has closed its $463-million Series D funding round to continue scaling the manufacture of its silicon battery material, SCC55, in the US and South Korea. The round was led by South Korean battery materials firm SK, and included other existing investors such as Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate… Read more »
Amprius forms partnership with a South Korea battery manufacturer
Amprius Technologies, which is developing a silicon battery anode platform, has signed a new contract manufacturing agreement with an unnamed battery manufacturer in South Korea. Amprius said that the strategic partnership expands its global production footprint and enhances its ability to deliver high-performance SiCore cells at scale to meet rising global demand. The South Korean… Read more »
Amprius boosts global production footprint of SiCore cells with new South Korean partner
Amprius Technologies, a manufacturer of lithium-ion batteries incorporating silicon anode technology, has announced a contract manufacturing agreement with a battery manufacturer located in South Korea, with an eye towards increasing output of its SiCore cell. SiCore cells use a silicon anode material system to enable high charge availability and power performance in one cell. SiCore… Read more »
Group14 delivers silicon battery material to 100 customers from South Korean JV factory
US-based silicon battery materials manufacturer Group14 Technologies has completed shipments of its SCC55 material to more than 100 EV and consumer electronics battery manufacturing customers worldwide from its joint venture (JV) factory in Sangju, South Korea. The facility, designed and built using Group14’s modular manufacturing technology, started producing SCC55 material in August. The factory has… Read more »
Infineon and Korea Shipbuilding develop ship electrification technology
Semiconductor firm Infineon Technologies and HD Korea Shipbuilding & Offshore Engineering (KSOE) have signed a non-binding agreement to jointly develop applications for the electrification of marine engines and machinery using energy-efficient power semiconductor technology. Infineon and HD KSOE will develop power solutions for propulsion drive technology, a key ship electrification component. Infineon will provide HD… Read more »