LCOS

Alsym Energy Announces $78M Funding Round Led by Tata Limited and General Catalyst

Retrieved on: 
Wednesday, April 3, 2024

Alsym™ Energy , a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst , a global venture capital firm.

Key Points: 
  • Alsym™ Energy , a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst , a global venture capital firm.
  • New York-based Thrive Capital and Toronto-based Thomvest also joined in the round, as well as existing investor Drads Capital .
  • Alsym will use the funds to grow its Boston-area team and expand its prototyping and pilot lines to address increasing demand for customer samples.
  • Alsym’s first product for this market, called Alsym Green, offers significantly higher system-level energy density than other non-flammable, non-lithium battery chemistries.

Inlyte Energy welcomes Ben Kaun as its new Chief Commercial Officer

Retrieved on: 
Wednesday, February 28, 2024

SAN LEANDRO, Calif., Feb. 28, 2024 /PRNewswire/ -- Inlyte Energy , developer of iron + sodium grid batteries for a safe, responsible, and affordable renewable energy transition, warmly welcomes industry veteran Ben Kaun as its new Chief Commercial Officer (CCO).

Key Points: 
  • SAN LEANDRO, Calif., Feb. 28, 2024 /PRNewswire/ -- Inlyte Energy , developer of iron + sodium grid batteries for a safe, responsible, and affordable renewable energy transition, warmly welcomes industry veteran Ben Kaun as its new Chief Commercial Officer (CCO).
  • This addition is a signal of Inlyte's commercial readiness and commitment to address the world's rapidly growing stationary storage needs.
  • As CCO, Ben will shape Inlyte's go-to-market strategy, leveraging the company's unique technology to meet the needs of utilities and industrial customers.
  • Inlyte's iron + sodium battery is a workhorse technology with safety, reliability, and performance in long duration, daily cycling applications," Mr. Kaun stated.

Introducing Elementa 2: Trina Storage Unveils Advanced Energy Storage System powered by Trina's in-house Battery Cells

Retrieved on: 
Tuesday, February 20, 2024

Trina Storage launches Elementa 2, a new generation liquid-cooled energy storage system equipped with Trina's in-house cells.

Key Points: 
  • Trina Storage launches Elementa 2, a new generation liquid-cooled energy storage system equipped with Trina's in-house cells.
  • MUNICH, Feb. 20, 2024 /PRNewswire/ -- Trina Storage , the leading global energy storage solution provider, announces the highly anticipated global launch of Elementa 2 - an advanced, flexible and high efficiency Energy Storage System (ESS).
  • "Trina Storage Elementa 2 is our new generation grid-scale LFP battery system built from the ground up using Trina´s vertically integrated LFP cells.
  • Trina Storage Elementa 2 represents a paradigm shift, delivering unmatched cost advantages while setting a new standard for efficiency and sustainability in energy storage.

Introducing Elementa 2: Trina Storage Unveils Advanced Energy Storage System powered by Trina's in-house Battery Cells

Retrieved on: 
Tuesday, February 20, 2024

Trina Storage launches Elementa 2, a new generation liquid-cooled energy storage system equipped with Trina's in-house cells.

Key Points: 
  • Trina Storage launches Elementa 2, a new generation liquid-cooled energy storage system equipped with Trina's in-house cells.
  • MUNICH, Feb. 20, 2024 /PRNewswire/ -- Trina Storage , the leading global energy storage solution provider, announces the highly anticipated global launch of Elementa 2 - an advanced, flexible and high efficiency Energy Storage System (ESS).
  • "Trina Storage Elementa 2 is our new generation grid-scale LFP battery system built from the ground up using Trina´s vertically integrated LFP cells.
  • Trina Storage Elementa 2 represents a paradigm shift, delivering unmatched cost advantages while setting a new standard for efficiency and sustainability in energy storage.

Global Head-Up Display Market Forecast to 2028: Europe Leads Head-Up Display Market with Significant Innovation and Adoption in Luxury, Premium Vehicles

Retrieved on: 
Thursday, January 11, 2024

The global head-up display market is expected to reach USD 3.3 billion by 2028 from USD 1.5 billion in 2023, at a CAGR of 16.7% during the 2023-2028 period.

Key Points: 
  • The global head-up display market is expected to reach USD 3.3 billion by 2028 from USD 1.5 billion in 2023, at a CAGR of 16.7% during the 2023-2028 period.
  • Head-up displays (HUDs) have emerged as a crucial technology in mitigating driver distractions and enhancing safety, thus driving demand in the market.
  • Europe Leads Head-Up Display Market with Significant Innovation and Adoption in Luxury, Premium Vehicles
    During the forecast period, Europe is poised to maintain its position as the dominant market for head-up displays, backed by its strong luxury and premium automotive manufacturing base.
  • This report offers key insights into internal market dynamics, growth factors, and barriers, accompanied by detailed analysis of market segmentation and regional diversification.

OMNIVISION Announces Single Chip LCOS Panel for Next-Generation Smart AR/XR/MR Glasses

Retrieved on: 
Monday, January 8, 2024

OMNIVISION, a leading global developer of semiconductor solutions , including advanced digital imaging, analog, and touch & display technology , today announced the new OP03050, a low-power, small form factor liquid crystal on silicon (LCOS) panel that integrates the LCOS array, driving circuit, frame-buffer and interface in a single chip.

Key Points: 
  • OMNIVISION, a leading global developer of semiconductor solutions , including advanced digital imaging, analog, and touch & display technology , today announced the new OP03050, a low-power, small form factor liquid crystal on silicon (LCOS) panel that integrates the LCOS array, driving circuit, frame-buffer and interface in a single chip.
  • The OP03050 provides a high-resolution, immersive experience for real-time video conferencing and streaming when used in augmented reality (AR), extended reality (XR) and mixed reality (MR) glasses and head-mounted displays.
  • View the full release here: https://www.businesswire.com/news/home/20240108485043/en/
    OP03050 - OMNIVISION'S Single Chip LCOS Panel for Next-Gen Smart AR/XR/MR Glasses (Graphic: Business Wire)
    “Smart eyewear is the next mobile phone accessory consumers want, especially as they become more fashionable, smaller and lightweight,” said Devang Patel, marketing director for the IoT and emerging segment, OMNIVISION.
  • “The high pixel pitch of the OP03050 results in better image quality and a more immersive viewing experience for the user.

B2U Storage Solutions Commences Operations on Second Grid-Connected Hybrid Storage Facility Using Second Life Batteries in Santa Barbara County, CA

Retrieved on: 
Tuesday, November 14, 2023

NEW CUYAMA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- B2U Storage Solutions, the leading provider of large-scale energy storage systems using second-life electric vehicle (EV) batteries, announced today that the SEPV Cuyama facility has begun operations. This facility, the company’s second hybrid battery storage site, is located in Santa Barbara County, CA near the community of New Cuyama. The 12MWh facility uses hundreds of EV batteries sourced from Honda that have reached the end of life for automotive purposes. Using its patented EV Pack Storage (EPS) technology, B2U deploys the EV battery packs in plug and play fashion, virtually eliminating repurposing costs.

Key Points: 
  • NEW CUYAMA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- B2U Storage Solutions , the leading provider of large-scale energy storage systems using second-life electric vehicle (EV) batteries, announced today that the SEPV Cuyama facility has begun operations.
  • This facility, the company’s second hybrid battery storage site, is located in Santa Barbara County, CA near the community of New Cuyama.
  • The 12MWh facility uses hundreds of EV batteries sourced from Honda that have reached the end of life for automotive purposes.
  • “As our second operational hybrid second life storage facility, Cuyama further cements B2U’s position as the leader in the reuse of EV batteries in large scale storage applications.

At Company “Eco-Day” Hithium Emphasizes Sustainability Commitments and Provides Sneak Peek at New Products

Retrieved on: 
Thursday, December 14, 2023

The key focus was on the ways that Hithium is meeting its commitment to support the UN’s Sustainable Development Goals, in particular Goal 7.

Key Points: 
  • The key focus was on the ways that Hithium is meeting its commitment to support the UN’s Sustainable Development Goals, in particular Goal 7.
  • These also underscore the company’s sustainability commitment to Goal 7, subsection 3, and its focus on improving energy efficiency.
  • As part of the company’s Eco-Day celebration, Hithium unveiled the first kAh-level battery design for long-duration storage of 4 to 8 hours, called “MIC 1130Ah”.
  • The plant features a significantly higher level of automation that enables the company to cut the cost of battery production there by a quarter.

Battery Manufacturer Hithium Opens New 28 GWh Intelligent Production Plant

Retrieved on: 
Monday, December 11, 2023

Stationary energy storage expert Hithium will release 28 GWh planned production capacity successively at first stage of Phase 1 of its new base in Chongqing, China.

Key Points: 
  • Stationary energy storage expert Hithium will release 28 GWh planned production capacity successively at first stage of Phase 1 of its new base in Chongqing, China.
  • The new plant is designed in line with "Intelligent Manufacturing 4.0" standards, including a 26% increase in automation over the typical "Intelligent Manufacturing 3.0" production system.
  • *
    Hithium President Jason Wang said, “Intelligent manufacturing is the key to more efficient and more cost-effective battery production.
  • Automated manufacturing at this level particularly supports the consistency of Hithium products, with the new plant able to provide a battery cell capacity consistency at or under 3Ah.

IDTechEx Asks Which Redox Flow Battery Chemistries Will Prevail in the Stationary Energy Storage Market

Retrieved on: 
Thursday, November 9, 2023

BOSTON, Nov. 9, 2023 /PRNewswire/ -- Redox flow battery (RFB) installations are expected to increase over the next decade as demand for stationary energy storage technologies is expected to increase.

Key Points: 
  • BOSTON, Nov. 9, 2023 /PRNewswire/ -- Redox flow battery (RFB) installations are expected to increase over the next decade as demand for stationary energy storage technologies is expected to increase.
  • Therefore, as identified in IDTechEx's recent report " Redox Flow Batteries Market 2024-2034 ", several players are developing and commercializing alternative RFB chemistries, which use cheaper and more widely abundant materials than vanadium.
  • The vanadium redox flow battery (VRFB) is the most commercially deployed and well understood RFB technology.
  • For more information on RFB technologies, players, value chains, materials, economics, and granular 10-year RFB market forecasts, please refer to IDTechEx's report " Redox Flow Batteries Market 2024-2034 ".