Umicore has announced that it holds a stake in solid-state battery specialist Solid Power, following Solid Power’s announcement of its intent to become a publicly listed company. Umicore built its stake through earlier Series A and B investment rounds. Solid Power also counts Ford, BMW, Hyundai and Samsung among its investors. The company claims that… Read more »
Search Results Found For: "Umicore"
EIB lends €125 million to Umicore for battery materials production in Poland
The European Investment Bank (EIB) has granted a €125-million loan to Umicore, the Belgian-based global materials technology and recycling group, to finance part of a greenfield production facility for cathode materials in Poland. The cathode materials will be supplied to battery manufacturers of lithium-ion batteries that are primarily used in EVs. The EIB loan will… Read more »
Formula E partners with Umicore on battery recycling program
The ABB FIA Formula E Championship has announced a partnership with Belgian materials technology and recycling group Umicore to recycle the Li-ion battery units and cells used during the first two seasons of the racing series. The batteries from Formula E’s first two seasons, which were built by Williams Advanced Engineering, have been collected and… Read more »
Audi and Umicore test closed-loop process for recycling EV batteries
Audi and Umicore, a materials technology and recycling group, have successfully tested a closed-loop approach for recycling components of high-voltage batteries. The companies’ research has shown that 95 percent of raw materials contained in batteries – including cobalt, nickel, and copper – can be recovered and reused for new products. In a closed-loop recycling approach,… Read more »
BMW partners with Northvolt and Umicore to develop sustainable EV battery lifecycle
As EVs proliferate, there’s an increasing need to establish protocols for sustainably procuring battery cells. BMW plans to collaborate with battery maker Northvolt and materials specialist Umicore to develop a sustainable lifecycle for European EV batteries. From cell chemistry to usage to recycling, the project seeks to optimize every step of a battery’s lifecycle around… Read more »
Umicore invests €300 million to boost capacity in cathode materials
Materials technology specialist Umicore plans to invest €300 million ($328 million) between 2017 and 2019 to further increase its production of nickel-manganese-cobalt (NMC) cathode materials. NMC is one of the most popular cathode materials for EV batteries, and global demand is increasing fast. The increased capacity will enable Umicore to respond to a surge in… Read more »
3M sells NMC cathode patents to Umicore, will focus on Si anodes
3M has agreed to transfer all of its intellectual property related to Nickel-Manganese-Cobalt (NMC) cathodes, including global patents and license agreements, to technology and recycling firm Umicore. The divestment will allow 3M to increase its focus on next-generation silicon anode materials, electrolyte additives and advanced thermal management solutions for EVs. “The agreement enables 3M to… Read more »
Study finds recovering materials instead of shredding improves battery recycling
Karlsruhe Institute of Technology (KIT) researchers and industry partners including PowerCo, Umicore, Weber Ultrasonics and Siemens are working together to improve spent battery recycling by recovering active components while maintaining functionality. The consumption of energy and chemicals in current recycling processes is high. The new approaches are based on the direct recycling of active materials… Read more »
Blue Current announces new funding, will begin solid-state battery pilot
Blue Current, a solid-state battery manufacturer, has announced technical advances, partner engagements and funding. Koch Disruptive Technologies (KDT), Piedmont Capital and Umicore invested in Blue Current in 2023. The company is using this additional funding to finish its 22,000-square-foot pilot manufacturing facility at its Hayward, California headquarters. The pilot is designed to demonstrate that the… Read more »
BMW Group expands North American e-mobility footprint with regional supply chain
BMW is boosting its e-mobility ramp-up and using localized supply chains in line with the “local for local” approach. The company wants to source battery cells near vehicle production and localize its raw material supply chains. Umicore, a Belgian battery material supplier, is being added to the company’s North American supply chain partners. Umicore’s new… Read more »