with plans for at least 10 new plants revealed in the last six months. Half a dozen have been planned in the last month alone.
In Germany, for example, the Daimler subsidiary Accumotive laid the foundation for a $550 million plant designed to take annual lithium-ion battery production from its current level of 80,000 units up to around 320,000.
And Energy Absolute, of Thailand, reportedly has plans for a $2.9 billion factory in Asia, with an annual production capacity of 1 gigawatt-hour per year, scaling to 50 gigawatt-hours a year by 2020.
Meanwhile, a consortium including Boston Energy and Innovation (BEI), Charge CCCV, C&D Assembly, Primet Precision Materials and Magnis Resources confirmed it will build a 15-gigawatt-hour-a-year plant on IBM’s former Huron Campus manufacturing site in New York.
BEI, Charge CCCV, C&D Assembly and Magnis Resources are also working with Eastman Kodak Group to build a similarly sized plant near Townsville in Queensland, Australia. The backers have said the plant could create around 7,000 jobs.
More recently a company called Energy Renaissance has lifted the lid on plans for a factory in Darwin, in Australia’s Northern Territory, with a production capacity of a gigawatt-hour of batteries a year.
And their tentacles are spreading further. Google’s self-driving cars are now being trialled on our roads, Apple is widely tipped to be about to enter the auto industry with its Titan electric vehicle project, Facebook is aggressively perusing both artificial intelligence and virtual reality technologies, Amazon is one of our biggest providers of data storage, controlling vast swathes of farms that collect and host all of our information, and Tesla is now not only developing mass scale electric vehicles but battery systems that can power our homes. We are in an industrial renaissance period that has forced a convergence of disciplines and resulted in rapid and significant innovation. The rate of change has been so rapid that we have barely had time to reflect on it and batteries and energy storage are critical components of many major plans by these companies.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.