Lithium-ion energy storage battery industry prices

Lithium-ion battery pack prices have dropped to a record low of $115 per kilowatt-hour, representing a 20% decrease from 2023 and the biggest annual drop since 2017. According to an analysis by BloombergNEF (BNEF), the figure is a global average, with prices varying between countries. [pdf]

Indonesia energy storage battery manufacturing plant

Indonesia, renowned for its vast nickel reserves, has inaugurated Southeast Asia's first EV battery manufacturing plant in Karawang, West Java. HLI Green Power, a joint venture between Indonesia Battery Corporation, Hyundai Motor and LG Energy Solution, owns this state-of-the-art facility. [pdf]

Nordic energy storage battery sales manufacturer

Nordic Batteries AS, founded in 2014 in Norway, specializes in advanced battery modules, packs, and energy storage systems for industrial sectors including construction, maritime, defense, and power grids. [pdf]

FAQS about Nordic energy storage battery sales manufacturer

Who is Nordic batteries?

Nordic Batteries is a company that assemble and custom lithium battery and energy storage solutions. With market and technical expertise, it provides solutions that drive the green transition in key industries such as marine and demanding industrial applications.

What products does Nordic batteries offer?

Nordic Batteries’ technology portfolio centers on two main product lines: ePOWER and eNERGY modules. The ePOWER series delivers high-power output for demanding industrial applications, while the eNERGY modules provide extended duration energy storage capabilities.

What makes Nordic batteries a sustainable brand?

Nordic Batteries also emphasizes sustainability in their production methods, using renewable energy sources throughout their manufacturing processes. Their battery designs consider the complete lifecycle, including potential second-life applications and eventual recycling, supporting circular economy principles.

Who invested in Nordic batteries?

Nordic Batteries has received substantial investment from several Norwegian entities. Kongsberg Innovation, through its Pre-Såkorn Fond, provides significant financial backing and technical support. Vardar AS, an energy group owned by former Buskerud county municipalities, has invested in the company.

Are Nordic batteries looking for a development engineer?

Nordic Batteries are seeking a development engineer for mechanical construction and system design. Factor 47 is operative! The pilot line where Nordic Batteries will produce their first battery modules is now officially open after the visit from former Prime Minister Erna Solberg where she cut the banner to kick it off.

When will Nordic batteries start production?

In 2024, Nordic Batteries initiated test production at their Kongsberg facility, marking a significant advancement in their manufacturing capabilities. The company plans to make final investment decisions for expanded production capacity before summer 2025, with operations scheduled to begin in early 2026.