Ola Electric is moving beyond electric mobility with its Shakti battery storage platform, built around lithium iron phosphate cells produced through its own vertically integrated manufacturing operations.
General Motors is reducing its exposure to large scale EV battery manufacturing, selling its 49.99% stake in a $3.5 billion battery joint venture with Samsung SDI as slower US electric vehicle growth forces automakers to reassess capacity, chemistry and capital allocation.
Brazil’s first dedicated battery energy storage auction has drawn 6,091 registered projects totaling 296,807 MW, highlighting unprecedented investor interest in grid scale storage as the country seeks to strengthen power system flexibility amid rapid renewable energy expansion.
Ola Electric has signed a memorandum of understanding with renewable energy developer Axis Energy to evaluate the deployment of up to 20 GWh of battery energy storage systems (BESS) by 2032, aligning with the country’s growing need for flexible grid infrastructure.
Dutch startup Ore Energy has secured what it describes as continental Europe’s largest iron air battery agreement, alongside a $43 million Series A funding round that will support commercialization of its long duration energy storage technology.
