Rosatom's Renera buys a 49% stake in Enertech International for manufacturing battery's

12 March 2021, 05:44:00

Rosatom's Renera buys a 49% stake in Enertech International for manufacturing battery'sRenera is a subsidiary TVEL Fuel Company, which is part of the Russian state-owned nuclear technology and electric utility company Rosatom. TVEL has recently announced that its subsidiary has completed the deal of acquiring 49% of South Korean company Enertech International Inc. The latter makes components for lithium-ion batteries, lithium-ion cells, complete systems, and energy storage systems.

The deal between Renera and Enertech also includes the construction of a factory in Russia by 2030 that will make li-ion cells and systems. Its production capacity will be at least 2GWh with the first stage of construction is planned for 2025. The batteries will be used on electric buses, electric cars, power grids, and specialized equipment.

This deal is part of Rosatom's strategy to develop non-nuclear business and manufacturing. Li-Ion batteries are the most sought-after and modern batteries for energy storage systems. Thanks to their affordable prices and high technological specifications, they have become the main component of developing ecological passenger transport - electric cars and electric buses. The demand for ESSs is rising as well. Hence, the building of a Russian factory for developing high-quality batteries for EVs and ESSs will be an important flag for the Russian automobile industry.

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Electric motor #2: 200 kW, 352 Nm, Location: Front
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