8/7/2023 0 Comments Gigafactories![]() ![]() The first opened in Storey County, Nevada, in 2016. Volkswagen starts building the first of six battery gigafactories It is investing 20.4 billion between now and 2030 for a capacity of 240 GWh/year. Each would make so many battery packs that the collective energy capacity of those units would equal billions (hence giga) of watt-hours per year. Nevertheless, the rapid growth expected and required from the Li-ion industry requires a broad set of players across various regions to be capable of manufacturing the Li-ion batteries that will underpin much of the electric vehicle industry and be key to the adoption of increasing levels of renewables. GIGAFACTORY Elon Musk asked to boost investment in Shanghai by Chinas top party official Tesla applies to expand Shanghai plant, add pouch battery cell. Initially, Tesla intended to use the term Gigafactory solely for its battery production facilities. This can make it challenging for smaller companies or new entrants to establish a foothold in the market and could impact the outlook for European-based manufacturing in particular. Many of these established companies have enjoyed decades of experience, access to strong domestic markets, especially in China, access to capital, and have developed customer relationships. Tesla is best known for the Gigafactory nomenclature, so it is surprising then that the UK’s Envision 2.5 GWh facility in Sunderland, supporting the Nissan. Competing with the Asian giants will be challenging. 16, 2023 Recharge Industries TM, a Scale Facilitation® portfolio company, has engaged Accenture (NYSE: ACN) as its engineering provider to move forward on building one of the world’s largest gigafactories in Australia. Gigafactories are so named as they provide Giga Watt hour (GWh) levels of battery manufacturing output, with a 1GWh facility providing enough batteries for approximately 17,000 vehicles. Britishvolt's troubles in the UK can serve as a warning as to the difficulty of creating a cell and battery manufacturing company from the ground up. ![]() Some projects have been delayed and project cancellations are also a risk. Difficulties in acquiring the equipment and tools for manufacturing lines, starting-up operations and managing scrap rates, and purchasing the raw materials and components, will all impact when new factories come online and the volume of cells manufactured. As of May 2021, 38 battery cell gigafactories are being built or planned in Europe and the UK, according to the latest report by the non-governmental organization Transport & Environment. Northvolt, Freyr, iM3NY, Verkor, InoBat, Phi4Tech, and Italvolt are just some examples of younger companies and ventures looking to enter the battery race. The project will be a gigafactory, a term coined by Tesla founder Elon Musk to describe his first high-volume plant for producing lithium-ion electric battery cells, deep in the Nevada desert. Start-ups and early-stage companies are also looking to enter the market, especially in Europe but also the US. ![]()
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