whatever
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- Jun 3, 2010
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Lithium Battery Factory begins construction in australia ( tomago nsw)
see
https://www.pv-magazine-australia.com/2020/10/13/energy-renaissance-lithium-ion-gigafactory-breaks-ground-in-tomago-nsw/
I wonder how does it come about that a multimillion dollar project such as this just appears from nowhere, well
a little bit of research finds some interesting factors behind this company, called Energy Renaissance.
Its a very new company going back maybe 5 years or so, seems to be investor based research company.
It has links to Cadenza Innovations, another research based investor company, founded by Christina Lampe-Onnerud,
usa based. She had previously founded Boston-Power Inc, also into lithium batteries. That company so far has got 370million
in investments!! Its pretty much been taken over by chinese investors now, the heads of staff mostly being chinese, and head office
moved to china.
I do find it remarkable that such large sums can be found. The problem I guess with these operations is that they are funding based,
and can easily go under ( such as a123 batteries bunkrupcy). What will be the journey of the australian experience with cadenza company ? I'm glad I'm not a business person.
My hat goes off to them for getting this far, it will be extremely interesting to watch what happens.
Heres my guess:
alot of money will get spent and some production of cells will occur, it will have financial problems and some chinese investors
will step in and take over, and move operations back to china, the heads of the company will make alot of money along the way,
some locals will get employed, some cells will get produced, then will dissappear into oblivion, with the heads moving onto other projects.
hers a little article about boston power inc
https://www.bizjournals.com/boston/news/2017/12/11/once-promising-boston-power-cuts-westborough.html
see
https://www.pv-magazine-australia.com/2020/10/13/energy-renaissance-lithium-ion-gigafactory-breaks-ground-in-tomago-nsw/
I wonder how does it come about that a multimillion dollar project such as this just appears from nowhere, well
a little bit of research finds some interesting factors behind this company, called Energy Renaissance.
Its a very new company going back maybe 5 years or so, seems to be investor based research company.
It has links to Cadenza Innovations, another research based investor company, founded by Christina Lampe-Onnerud,
usa based. She had previously founded Boston-Power Inc, also into lithium batteries. That company so far has got 370million
in investments!! Its pretty much been taken over by chinese investors now, the heads of staff mostly being chinese, and head office
moved to china.
I do find it remarkable that such large sums can be found. The problem I guess with these operations is that they are funding based,
and can easily go under ( such as a123 batteries bunkrupcy). What will be the journey of the australian experience with cadenza company ? I'm glad I'm not a business person.
My hat goes off to them for getting this far, it will be extremely interesting to watch what happens.
Heres my guess:
alot of money will get spent and some production of cells will occur, it will have financial problems and some chinese investors
will step in and take over, and move operations back to china, the heads of the company will make alot of money along the way,
some locals will get employed, some cells will get produced, then will dissappear into oblivion, with the heads moving onto other projects.
hers a little article about boston power inc
https://www.bizjournals.com/boston/news/2017/12/11/once-promising-boston-power-cuts-westborough.html