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TDK Ventures invests in Novalith clean lithium-extraction technology

Charged

Embargo til April 17 TDK Ventures has invested in lithium-extraction startup Novalith, which has developed a novel system for extracting battery-grade lithium from resource deposits. Novalith points out multiple drawbacks of current lithium production methods.

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Li-Metal completes concept study for commercial-scale lithium metal plant

Charged

Li-Metal , a Canada-based developer of lithium metal technologies, has completed a concept study for a commercial North American lithium metal production facility with an annual capacity of up to 1,000 tonnes. Li-Metal expects its plant to require approximately 5,600 tonnes of lithium carbonate per year.

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Albemarle to use 6K’s UniMelt plasma tech for lithium battery materials

Charged

Specialty chemicals firm Albemarle has signed a joint development agreement with materials management specialist 6K to use 6K’s patented UniMelt plasma technology to develop lithium battery materials. Albemarle has also made an undisclosed investment in 6K through venture capital firm Volta Energy Technologies.

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Eramet and ES launch geothermal lithium pilot in Rittershoffen, France

ThinkGeoEnergy

The French mining company Eramet and Électricité de Strasbourg (ÉS) have inaugurated a new pilot project for the direct extraction of lithium from geothermal brine at the Rittershoffen geothermal heat plant operated by ES in Eastern France.

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Technology Trending: Electrification trend, DEWA battery patent, solar table

Smart Energy International

Electrification and renewables top McKinsey’s tech trends McKinsey’s Technology Trends Outlook 2023 report has electrification and renewables as the largest of the 15 trends identified in terms of interest and investment. Have you read?

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LG and Shell back high performance lithium-ion battery development

Smart Energy International

South 8 Technologies has raised $12 million in Series A financing to commercialise next-generation electrolytes for lithium-ion batteries. The financing round was led by industrial venture investor Anzu Ventures along with LG Technology Ventures and Shell Ventures as well as Foothill Ventures and Taiyo Nippon Sanso Corporation.

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Oil giant Phillips 66 makes strategic investment in battery material supplier Novonix

Charged

Multinational oil giants are beginning to invest in companies in several different sectors of the EV industry. Phillips 66 manufactures specialty coke, a key precursor in the production of lithium-ion batteries. Phillips 66 will reportedly pay a total purchase price of $150 million, and will nominate one director to Novonix’s board.

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