Will Russian energy storage firm Renera invest in EV batteries?

June 23, 2023: Russian energy storage firm Renera says a special investment contract providing incentives and financial backing for domestic production of batteries for EVs and stationary storage systems was signed at the St Petersburg International Economic Forum on June 16.

Why is Russia a good place to buy a battery?

Russia is a country with a large number of battery manufacturers that play an important role in the global energy industry. From electric vehicle manufacturers to solar energy companies, these companies are constantly innovating to develop more efficient and environmentally friendly batteries.

Will Russia produce a prototype battery by the middle of the year?

The move follows Russia’s claim last month that it will have produced prototype batteries by the middle of the year.

Why is Liotech expanding its market in Russia?

With increasing attention to green energy, the company is looking to expand their market not only in Russia but also in other countries looking to switch to more sustainable energy sources. Liotech produces lithium-ion batteries and is considered as one of the top 10 battery manufacturers in Russia.

Should Russia create an infrastructure for EV charging stations?

Russia must also “create an infrastructure for charging stations” for EVs, he said. Rosatom announced on November 23 that it had established a new subsidiary — Renera — dedicated to the manufacture of energy storage systems.

How many lithium batteries will Liotech produce a year?

The facility, referred to as Liotech, is expected to produce up to 500,000 lithium batteries per year, to supply electric vehicles and larger bus batteries, in addition to a variety of energy storage applications, and emergency power supplies.