Ascend Elements , a vertically integrated battery recycling and engineered materials company, has announced plans to invest $310 million in the first phase, and up to $1 billion total, to build a battery materials facility at the Commerce Industrial Park II in Hopkinsville, Kentucky. The new manufacturing facility, Apex 1, will be home to the… Read more »
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PG&E and Tesla to create giant “distributed battery” to support the electric grid
Pacific Gas and Electric (PG&E) and Tesla have launched a pilot program that will combine thousands of Powerwall home battery systems to create a “virtual power plant” or “distributed battery.” Tesla has invited some 25,000 PG&E customers with Powerwalls to join the program. PG&E residential customers are eligible for the program if they own a… Read more »
FREYR Battery to build gigafactory in Norway
FREYR Battery is replacing its plan to build two gigafactories with a plan to build a single gigafactory which increases capacity by 150%. The estimated construction cost will be $1.7 billion. “FREYR is increasing the nameplate capacity of Giga Arctic to 29 GWh in response to improving battery supply-demand dynamics, ongoing commercial success, significant progress… Read more »
New study details UK EV and battery production potential
In an update to its 2020 study, the Faraday Institution examines the UK EV market and forecasts future demand for battery production. The new report, “UK Electric Vehicle and Battery Production Potential to 2040,” predicts that by 2030, the UK will need around 100 GWh of annual supply to satisfy the demand for batteries for… Read more »
Albemarle to build major lithium processing plant in Southeast US
Mining giant Albemarle plans to build a lithium processing plant in the US that would produce as much of the light white metal as the entire company produces today. Albemarle says the plan reflects its strategy “to lead the US lithium renaissance, from mine development to processing to manufacturing types of the metal used to… Read more »
BASF to build black mass plant in Germany to recycle batteries
BASF has announced it will build a black mass plant for recycling batteries in Schwarzheide, Germany, where it already has a cathode active materials production and recycling facility. The company says the new plant, which is expected to begin production in early 2024, will be built to the highest environmental, health and safety standards. BASF… Read more »
LEAD to supply 20 GWh worth of battery manufacturing equipment to VW
Chinese equipment manufacturer LEAD has contracted with the Volkswagen Group to deliver lithium-ion battery manufacturing equipment for a 20 GWh factory in Salzgitter, Germany. Volkswagen recently announced a plan to invest €30 billion to build 6 battery factories in Europe. For the Salzgitter plant, LEAD will provide Volkswagen with manufacturing equipment including calendering, roll baking,… Read more »
InoBat demonstrates battery production using recycled cathode materials
InoBat Auto has reached what it calls “a key milestone in the development of its design capabilities,” proving that recovered materials from used batteries can be re-used in the production of new batteries. Together with its recycling partners, InoBat has confirmed, using its cell optimization and design mechanisms, that recovered active cathode material from end-of-life… Read more »
Stellantis and LG Energy Solution name CEO for battery joint venture
Stellantis and LG Energy Solution have named their new joint venture battery company NextStar Energy, and have appointed Danies Lee as CEO. Based on Stellantis and LG’s plan to invest $3.87 billion in setting up production, NextStar Energy will begin constructing a lithium-ion battery production plant in Windsor, Ontario later in 2022. Stellantis says production… Read more »
LG Chem and KEMCO to produce battery precursor materials in South Korea
LG Chem has formed a joint venture with battery materials manufacturer Korea Energy Materials (KEMCO) to invest more than 200 billion KRW ($160 million) in the construction of a battery precursor materials production line in the Onsan Industrial Complex in Ulsan. Construction of the line is set to begin this July. The metals provided by… Read more »