South Korean battery materials manufacturer POSCO FutureM has signed a joint venture (JV) agreement with CNGR and its Korean subsidiary, FINO, to manufacture lithium iron phosphate (LFP) cathode materials. The companies have agreed to build an LFP cathode material plant that will have an annual production capacity of 50,000 tons. Located in the Yeongil Bay… Read more »
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Samsung SDI and KGM to develop 46-series cylindrical EV battery packs
Samsung SDI has signed a memorandum of understanding (MOU) with South Korean automaker KG Mobility (KGM) to jointly develop battery pack technologies for EVs. The companies will focus on battery pack technologies using Samsung SDI’s 46-series cylindrical battery cells, while expanding their collaboration on technologies to advance next-generation battery pack development. The packs that the… Read more »
Materia AI receives UK government grant for EV battery recycling platform
UK-based startup Materia AI has secured UK government grant funding to develop its ReGenTrace AI platform to support the recycling and reintegration of spent EV batteries into the circular economy. ReGenTrace AI is a cloud-native platform that combines machine learning, predictive modelling and blockchain traceability to turn battery recycling into a data-driven, automated and fully… Read more »
EcoPro starts commercial battery cathode material production at Hungarian factory
South Korean battery materials manufacturer EcoPro has completed construction of its cathode material plant in Debrecen, Hungary, and is beginning commercial production. The site, spanning approximately 440,000 square meters, houses EcoPro BM, which produces cathode materials; EcoPro Innovation, which handles lithium processing and EcoPro AP, which produces industrial oxygen and nitrogen. The facility, which has… Read more »
EVE Energy partners with Green Whale to accelerate marine battery adoption
Chinese battery supplier EVE Energy and Green Whale Technology (GWT) have signed a strategic partnership agreement to provide marine battery energy storage systems (BESS) and service to customers worldwide. The collaboration combines EVE Energy’s lithium marine battery system technology and GWT’s marine engineering, lifecycle service and commissioning expertise. The strategic agreement is structured as a… Read more »
IonicRE to produce rare earths from magnet recycling with US Strategic Metals
Australia-based Ionic Rare Earths has signed an agreement with US Strategic Metals (USSM) to develop vertically-integrated rare earth production from recycling at USSM’s 1,800-acre (728.4-hectare) fully permitted site in Missouri. IonicRE will provide its subsidiary Ionic Technologies’ patented rare earth permanent magnet recycling technology to develop commercial recycling capacity for neodymium iron boron and samarium… Read more »
Defense Logistics Agency awards grant to 6K Energy to develop cathode active material
US-based 6K Energy, a division of 6K, has been awarded a research and development grant of $1.9 million from the Battery Network (BATTNET) Program III from the US Defense Logistics Agency (DLA). The grant will help the company develop and scale up the production of single-crystal (SC) NMC721 battery cathode powders using 6K’s UniMelt microwave… Read more »
Research from ANL and UChicago PME looks to resolve battery degradation by mitigating nanoscopic strains
New research from Argonne National Laboratory and the University of Chicago Pritzker School of Molecular Engineering (UChicago PME) claims to have solved a battery mystery that has led to capacity degradation, shortened lifespan and, in some cases, fire. In a paper published in Nature Nanotechnology, researchers uncovered some of the root causes and ways to… Read more »
AYK Energy signs chemical tanker electrification deal with Spanish ship owner Mureloil
Marine battery manufacturer AYK Energy has signed a second deal with Spanish ship owner Mureloil to supply diesel electric hybrid systems. AYK will deliver the same 4.2 MWh Aries+ battery system to Mureloil’s 8000 DWT product tanker Bahía Beatriz as its sister vessel the Bahía Candela, also a 8000 DWT tanker. Bahía Beatriz is currently… Read more »
Samsung SDI shifts some US production lines from EVs to LFP ESS batteries
South Korean battery maker Samsung SDI has signed a three-year contract through its US subsidiary to start supplying prismatic lithium iron phosphate (LFP) batteries for energy storage systems (ESS) in North America from 2027. The contract is valued at more than 2 trillion South Korean won ($1.35 billion). Michigan-based Samsung SDI America will manufacture the… Read more »