Durapower Group, a Singapore-based lithium-ion battery provider, has signed a Memorandum of Understanding with Turkey’s Kıvanç Enerji to evaluate the creation of a joint venture to manufacture battery cells and packs in Turkey, aiming to supply the US market and support regional EV supply chain resilience. The planned facility will target gigawatt-hour-scale production of Lithium… Read more »
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Forge Nano raises $40 million to scale US battery manufacturing and semiconductor equipment businesses
Forge Nano, which is developing US battery and semiconductor production, has closed a $40-million funding round to expand its manufacturing capacity. The funding was co-led by investment firm RockCreek and Ascent Funds, a US-based energy technology fund. Additional participants included Top Material, Orion Infrastructure Capital and Forge Nano’s existing investors. The company has now raised… Read more »
Air Liquide to supply oxygen to LG Chem for US EV battery plant
French industrial gas supplier Air Liquide will invest around $150 million to expand its production capacity and pipeline network in Tennessee after signing a new long-term contract to supply oxygen to South Korean chemical producer LG Chem. Air Liquide will build, own and operate a second air separation unit (ASU), liquefier, storage and a pipeline… Read more »
American Battery Solutions wins $166-million DOE loan to expand Ohio and Michigan EV battery plants
The DOE has offered American Battery Solutions (ABS) a $165.9-million loan under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. The company plans to use the funds to expand its battery pack assembly facilities in Springboro, Ohio and Lake Orion, Michigan. The project will support the company’s goal of delivering standardized and customized battery packs… Read more »
DOE releases $131 million in funding for EV batteries and other transport-related projects
The latest round of funding to be announced by the US Department of Energy’s Vehicle Technologies Office includes support for a wide range of projects designed to advance low-carbon transportation technologies, including several EV-related initiatives. A big chunk of the money—$60 million—will go to the United States Advanced Battery Consortium to further develop pre-competitive vehicle-related… Read more »
A closer look at graphite—its forms, functions and future in EV batteries
Q&A with Graphex CEO John DeMaio Reading the EV press, you might assume that lithium, cobalt and nickel are the stars of the battery show—they get a lot of coverage, as pundits debate the relative merits of NMC and LFP cathode chemistries and agonize over looming shortages. Meanwhile, over in the anode, there’s an unsung… Read more »
Adamas Intelligence says LFP cell deployment is up 237% in H1 2022
The latest biannual report on the global EV market from Adamas Intelligence highlights expanding EV sales, as well as the growing popularity of LFP battery chemistries, in the first half of 2022. In the first half of 2022, 6.23 million new passenger EVs were registered around the world—an increase of 42% compared to the same… Read more »
July battery materials report: Monthly EV and raw material sales slipped, but are still soaring year-over-year
Global EV sales and deliveries of battery raw materials fell on a monthly basis in July, but are still showing strong growth compared to July 2021, according to the latest Monthly Battery Raw Materials Deployment report from Adamas Intelligence. In July 2022, global monthly sales of electrified passenger vehicles (EVs, PHEVs and hybrids) came to… Read more »
Monthly battery raw material report: EV sales are soaring, and so are material deliveries
Supply chain problems are real, and ongoing, but they don’t seem to be holding back the steady transition to electrified vehicles. Global EV sales are soaring, and so are raw material deliveries, according to the latest Monthly Battery Raw Materials Deployment report from Adamas Intelligence. In June 2022, global monthly sales of electrified passenger vehicles… Read more »
Ascend Elements to open battery recycling facility in Georgia
Battery recycling and manufacturing company Ascend Elements (formerly known as Battery Resourcers) is planning to open a battery recycling plant in Georgia by August of 2022, where it will recycle lithium, cobalt and nickel. The company plans to invest $43 million in the 154,000-square-foot facility, which will be able to process 30,000 metric tons of… Read more »