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.
The move follows Russia’s claim last month that it will have produced prototype batteries by the middle of the year.
Deputy prime minister and trade and industry minister Denis Manturov said the plant will span nearly 24 hectares and the first batteries will roll off the assembly line in 2025. Renera said it also plans to develop plans for used EV batteries to be re-used in stationary storage systems, such as EV charging stations.
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