Semi-solid lithium-ion battery and BESS solutions business through a joint venture with FREYR
First written in FY2023-Q2. 5 of 6 entries say "Advanced", first in FY2023. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1AdvancedAnnual report
「Demand for generators used as emergency power supplies at data centers and for battery energy storage systems (BESS) driven by the progress of green innovation continues to trend upward in the consumer, commercial and industrial businesses. To meet this robust demand, the Company is actively investing to expand production capacity in India, France and North and Central America.」
Regarding the battery and BESS solutions theme, including the joint venture with FREYR, the Company is expanding production capacity in multiple regions to meet demand for BESS and generators. - FY2025-H1AdvancedAnnual report
「As the Company focuses on significantly expanding BESS in response to growing demand related to green innovation, revenue increased 8.4% year on year to ¥520.080 billion.」
The Company focused on expanding demand related to green innovation, including BESS, which led to higher revenue from its consumer, commercial and industrial products group. - FY2024-Q2AdvancedAnnual report
「MOEN's total revenue was ¥230.562 billion, an increase of ¥42.558 billion year on year. This was attributable to higher revenue from generators and demand related to green innovation. Operating profit was ¥31.242 billion, an increase of ¥12.770 billion year on year, owing to the effects of higher revenue, substantial fixed-cost reductions and cost improvements.」
At MOEN, generators and demand related to green innovation contributed to higher revenue, resulting in first-half revenue of ¥230.562 billion and operating profit of ¥31.242 billion. - FY2024-Q1AdvancedAnnual report
「The Motion & Energy Business Division (MOEN) expects substantial medium-term growth by uncovering demand related to green innovation, including battery energy storage systems (BESS), which are essential to the renewable energy market, and it also contributed to both revenue and profit in the most recent period.」
Regarding the BESS and battery solutions theme involving the joint venture with FREYR, the Company states that demand related to green innovation, including BESS, contributed to revenue and profit in the most recent period. - FY2023AdvancedAnnual report
「Overview of the joint venture: Name: Nidec Energy AS; Headquarters: Oslo, Norway; Established: 6 December 2022; Business: Development, manufacture and sale of battery products; Shareholding: Nidec Europe K.K. 66.7%, FREYR 33.3%」
The Company established Nidec Energy AS, a joint venture with FREYR, on 6 December 2022, moving the semi-solid lithium-ion battery and BESS solutions businesses into the implementation phase. - FY2023-Q2First statedAnnual report
「Through this partnership, the Company will be able to secure a stable supply of competitive, clean semi-solid lithium-ion batteries and supply customers with its BESS solutions using FREYR's batteries. This will enable the Company not only to establish a leading position in the BESS market for transmission operators, but also to achieve significant reductions in CO2 emissions throughout the process, from battery manufacturing through customers' use of the Company's BESS solutions. Overview of the joint venture: Date of establishment: November–December 2022 (planned); Business: Development, manufacture and sale of battery products; Shareholding: Nidec 66.7%, FREYR 33.3%」
The Company entered into a joint venture agreement with FREYR BATTERY SA on 30 August 2022. It initially presented a plan based on establishing the joint venture in November–December 2022, FREYR's 2024 mass-production plan and an ownership structure of 66.7% for Nidec and 33.3% for FREYR, with the aim of securing a stable supply of semi-solid lithium-ion batteries and expanding BESS solutions for transmission operators using those batteries.