Will Russian energy storage firm Renera invest in EV batteries?

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.

Why is Russia a good place to buy a battery?

Russia is a country with a large number of battery manufacturers that play an important role in the global energy industry. From electric vehicle manufacturers to solar energy companies, these companies are constantly innovating to develop more efficient and environmentally friendly batteries.

Where is Russia's battery cell factory located?

Russia’s nuclear corporation Rosatom announces the location for its battery cell factory announced in March. It will be built in the western Russian exclave of Kaliningrad and is to produce battery cells for electric vehicles and energy storage systems from 2026.

Should Russia create an infrastructure for EV charging stations?

Russia must also “create an infrastructure for charging stations” for EVs, he said. Rosatom announced on November 23 that it had established a new subsidiary — Renera — dedicated to the manufacture of energy storage systems.