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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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 »
MAN to begin large-scale production of batteries in Nuremberg by end of 2024
Commercial vehicle manufacturer MAN Truck & Bus will invest around 100 million euros over the next five years at its facility in Nuremberg, Germany to develop production of high-voltage batteries for electric trucks and buses. Initially, the batteries will be manufactured manually in a small series production phase that will last about two and a… Read more »
Renault and Managem Group partner on cobalt sulfate supply
Renault and Moroccan mining company Managem Group have signed a memorandum of understanding (MoU) for the sustainable supply of battery materials. According to Renault, “In 2019, the responsible production of cobalt by Managem Group was confirmed by certification according to the standards of the Responsible Minerals Initiative (RMI), as well as by evaluations by NQC… Read more »
Northvolt raises $1.1 billion to expand cell and cathode material production in Europe
Northvolt has raised $1.1 billion from investors to expand battery cell and cathode material production in Europe. The company’s cell production facilities include Northvolt Ett Gigafactory and a joint venture with Volvo in Sweden as well as the Northvolt Drei Gigafactory in Germany. Northvolt is also developing Northvolt Fem—a cathode factory in Sweden. “A key… 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 »
Volvo Energy invests in Connected Energy’s second-life battery business
Volvo Energy has acquired a 10% stake in UK-based second-life battery energy storage specialist Connected Energy for 50 million Swedish kroner ($4.93 million). Volvo Energy is one of five new investors in the company. Volvo Energy, a business area within the Volvo Group, is “dedicated to providing essential support and infrastructure during the first-life, i.e…. 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 »
Toyota and Redwood Materials collaborate on closed-loop battery ecosystem
Toyota may be a latecomer to the electrification game, but the company is gradually assembling the components of a circular EV supply chain. Now it has partnered with Redwood Materials, the battery recycling concern headed by JB Straubel, to “explore a series of end-of-life battery solutions for Toyota’s proposed battery ecosystem.” Initially, the collaboration will… Read more »
InoBat and Green Lithium to establish large-scale lithium refinery in the UK
Battery supplier InoBat Auto and mineral processing firm Green Lithium have formed a strategic partnership to build and operate a large-scale lithium refinery in the UK. Green Lithium will supply InoBat with battery-grade lithium chemicals, and the two companies will collaborate to accelerate the development of a “cradle-to-cradle” UK battery value chain, from the provision… Read more »