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Swedish EV battery maker raises $1.2B to expand to North America

TechCrunch: Climate

Northvolt, a Swedish producer of lithium-ion batteries, has raised around $1.2 billion from BlackRock and various Canadian pension plans to build new factories in North America and Europe, according to report from Reuters. If Northvolt builds in the U.S., […]

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Ensorcia invests €200 million to build lithium hydroxide conversion plant in Europe

Charged

Chile-based Ensorcia Metals , a specialist in extraction and transformation of lithium, reports that as a first step in its global expansion plans, it will invest €200 million for the construction of a European lithium hydroxide conversion plant under the auspices of its subsidiary, Sorcia Europe. Source: Green Car Congress

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Livent to boost ownership of lithium hydroxide development project in Canada

Charged

Lithium supplier Livent has announced an agreement to boost its ownership of a lithium hydroxide development project called Nemaska Lithium to 50%. Nemaska is strategically located to serve growing lithium demand in North America and Europe.”. Source: Livent.

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Stellantis funds Lyten’s lithium-sulfur EV battery technology

Charged

Applications include the LytCell lithium-sulfur EV battery, lightweight composites and unique on-board sensors. Lyten’s lithium-sulfur batteries have a 60% smaller carbon footprint than lithium-ion batteries since they do not contain nickel, cobalt, or manganese. Source: Stellantis

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Stellantis and Orano enter EV battery recycling agreement

Charged

Automaker Stellantis and nuclear energy company Orano have signed a memorandum of understanding to form a joint venture to recycle EV batteries and scrap. Stellantis will have access to cobalt, nickel and lithium from gigafactories in Europe and North America for electrification and energy transformation.

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Global Solar Battery Market was Valued at USD 113 Million in 2020 and is Projected to reach USD 360 Million by 2028, Growing at a CAGR of 15.5% from 2021 to 2028

altenergymag

Solar Battery Market by Product (Lead Acid Batteries, Lithium Ion Batteries, Sodium Based Batteries,) by Application (Residential, Industrial Manufacturing, Others,) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 - 2028

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EV Metals Group clears the way to build a battery material processing plant in Saudi Arabia

Charged

The EV Metals Group acquired the battery materials and technology business of Johnson Matthey in 2022. Now subsidiary EV Metals Arabia has advanced its plans to build a battery material processing plant in Saudi Arabia. Construction is scheduled to commence in Q3 of this year.

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