Chief Executive Officer Bruno Papaj said the firm signed a memorandum of understanding with an Indian investor on the construction of Albania’s first lithium ion battery plant. The facility is planned to come online within two years, with 100 MW in annual capacity.
A European-based battery manufacturer, InoBat already has a battery research and development facility and a pilot line under development in Slovakia. InoBat has also been approved for grant financing under the EU-sponsored programme, Important Projects for Common European Interest, and already received a grant from the Slovak Government.
NGEN also describes the battery system as the largest Tesla-made one operational in Europe. According to Damien Merlak, NGEN's co-founder, the storage system will also benefit renewable energy efforts in the country. So far, Slovenia gets 32% of its energy from renewable sources.
Additionally, Montenegro has a convenient infrastructure for export and a favorable geographical location. We conducted an analysis of the lithium battery market in the region and concluded that demand for our product will be high.
The development of InoBat’s project in Serbia is supported by International Finance Corporation (‘IFC’) as part of IFC’s strategic support for its member countries in Europe to mobilise private sector investments into the green transition of their economies
CMS Belgrade has advised UGT Renewables, a US-based solar energy and storage developer, on a strategic partnership for the development and construction of solar …
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It''s using Tesla''s Powerpack system for a 12.6MW/22.2MWh battery energy storage project worth €15m ($16.5m). The technology employs machine learning to offer …
Battery manufacturer Lovak InoBat has announced that it has signed a memorandum of understanding (MoU) with the Ministry of Finance of Serbia and the city …
Our lithium battery production technology is based on innovative developments that enable us to create batteries with high energy efficiency and durability, as well as with …
CMS Belgrade has advised UGT Renewables, a US-based solar energy and storage developer, on a strategic partnership for the development and construction of solar …
14 November 2022: InoBat Auto ("InoBat"), the European pioneer of high performing electric vehicle battery R&D, engineering, production and recycling, has signed protocols and …
Vega Solar and Indian company Sainik Industries – Getsun Power agreed to build the first lithium ion battery factory in Albania. It would have 100 MW in annual capacity. …
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