BASF Corporation, through its newly acquired battery materials affiliate Ovonic Battery Company, today announced that it has signed an agreement with FDK Corporation (FDK) to jointly develop nickel-metalhydride (NiMH) technologies for stationary power storage applications. With this agreement, FDK has also added an industrial NiMH battery license to its existing consumer license from Ovonic. Both companies see an immediate opportunity for NiMH batteries for stationary power storage in the...
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