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joint venture

Fuel cell giant takes control of European JV

Tue, 08/11/2015 - 11:23 -- Paul Crompton
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Fuel cell giant takes control of European JV
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Fuel cell firm Plug Power has entered into a definitive agreement to take full control of a joint venture to develop, manufacture and market fuel cells in Europe.

Plug Power bought the remaining 80% of joint venture HyPulsion from Axane, SA, a subsidiary of Air Liquide SA, for $11.47 million in common stock, subject to certain post-closing adjustments.

Plug Power and Air Liquide founded HyPulsion in 2012 to bring fuel cells for forklift trucks to the European market.

The transaction is subject to certain customary closing conditions and is expected to close no later than August 2015.

Battery giants enter joint venture

Wed, 02/26/2014 - 16:31 -- Ruth Williams
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GS Yuasa, Mitsubishi and Bosch join forces to develop next generation lithium-ion batteries
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GS Yuasa, Mitsubishi and Bosch have set up Lithium Energy and Power GmbH & Co– a joint venture to develop next generation lithium-ion batteries.

The group has ambitious plans to double the energy capacity of batteries within the next decade for the electric vehicle market. 

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PowerGenix and Amperex collaborate to produce NiZn

Fri, 01/17/2014 - 12:55 -- Ruth Williams
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PowerGenix has signed a memorandum of understanding (MoU) with Asian battery manufacturer Amperex Technology Co. Ltd. (ATL) to manufacture nickel-zinc batteries for use in start-stop applications.

ATL manufactures rechargeable lithium-polymer battery cells and related battery packs and systems. It was the first Chinese manufacturer to produce high quality lithium polymer batteries in large volumes.

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