Russia investment deal to boost gigafactory
Now Renera, a subsidiary of state-owned nuclear energy giant Rosatom, says it plans to manufacture more than 18GWh of lithium ion
June 23, 2023: Russian energy storage firm Renera says a special investment contract providing incentives and financial backing for domestic production of batteries for EVs and stationary storage systems was signed at the St Petersburg International Economic Forum on June 16.
The plant will focus on the production of lithium-ion cells and energy storage systems and will have a total annual battery manufacturing capacity of at least 3 GWh. “The signals we receive from the Russian market indicate that the production volumes we planned a year ago may be insufficient.
Enertech International Inc, the Korean maker of lithium-ion batteries in which Renera has a 49% ownership interest, will act as the technological partner of the project. The plant will focus on the production of lithium-ion cells and energy storage systems and will have a total annual battery manufacturing capacity of at least 3 GWh.
Now Renera, a subsidiary of state-owned nuclear energy giant Rosatom, says it plans to manufacture more than 18GWh of lithium ion batteries by 2030 — the period covered by the investment contract — although details of the financial support involved were not disclosed.
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