European Battery Business Gets Push

Wind Industry Profile of

Leading technology company Panasonic, energy company Equinor and industrial group Hydro have signed a Memorandum of Understanding (MoU) to form a strategic partnership to explore possibilities for establishing a sustainable and cost-competitive European battery business.

The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature the business case for a green battery business located in Norway. The companies intend that this initiative is based on Panasonic’s leading technology and targets the European market for electric vehicles and other applications. The companies will also investigate the potential for an integrated battery value chain and for co-location of supply chain partners. The findings... ... More: Official Press Release Equinor

Keywords:

Panasonic, Equinor, Hydro, Europe, battery, storage, lithium-ion, renewables, MoU, industrial, Norway