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Honda has begun producing batteries for energy storage systems at its Ohio factory, according to a report from Nikkei Asia. The plant was originally built to supply cells for electric vehicles the company cancelled three months ago. Those batteries are now headed to data centres instead of driveways
Honda wants in on the lucrative energy storage market. This week it began producing batteries destined for data centers, not driveways.
Automakers and battery companies, which now face a weak market for electric vehicles in the US, are scrambling to repurpose battery factories to make energy-storage systems to fuel AI's demand for power instead.
Several Indian battery-tech and energy transition startups are actively seeking to raise approximately $65 million, signaling a potential revival in the sector. Despite a cautious investor sentiment, companies like Emo Energy and Baaz Bikes are in talks for significant funding rounds. This renewed i
