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Aqua Metals upbeat on shares offer despite Q1 loss

Fri, 05/10/2019 - 12:05 -- John Shepherd
Aqua Metals upbeat on shares offer despite Q1 loss

US lead-acid battery recycler Aqua Metals, which posted a first-quarter net loss of US$11.7 million, said it intends to offer and sell shares of its common stock in an underwritten public offering. 

The loss reflected several non-cash items, including expenses related to the firm’s agreement with the US arm of France’s transnational Veolia group to operate and manage its AquaRefining plant in Nevada.

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Lawmakers push for US battery materials security

Wed, 05/08/2019 - 15:12 -- John Shepherd
Lawmakers push for US battery materials security

US lawmakers are backing draft legislation aimed at cutting the country’s “damaging” dependence on imports of materials, including those “critical”  to expanding battery storage and electric vehicle (EV) technology.

A bipartisan group of senators say the American Mineral Security Act is needed to help reduce reliance on countries such as China. 

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Australian miner signs China EV lithium supply deal

Fri, 05/03/2019 - 10:53 -- John Shepherd
Australian miner signs China EV lithium supply deal

Australian lithium producer Alliance Mineral Assets has signed an agreement with a Chinese producer of engines for electric vehicles (EVs) that paves the way to jointly produce and sell battery-grade lithium hydroxide.

Alliance said the non-binding memorandum of understanding with Jiangxi Special Electric Motor is to develop the terms on which the parties will cooperate in the 50-50 joint venture.

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Former JCI business relaunched as Clarios

Thu, 05/02/2019 - 14:49 -- John Shepherd
Former JCI business relaunched as Clarios

The US-based batteries business formerly known as Johnson Controls Power Solutions has been relaunched as Clarios— with a pledge to further invest in its lead-acid and lithium products.

Power Solutions was acquired by US and Canadian investment firms Brookfield Business Partners and CDPQ last year.

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Batteries 'can help UK achieve net-zero emissions by 2050'

Thu, 05/02/2019 - 13:59 -- John Shepherd
Batteries 'can help UK achieve net-zero emissions by 2050'

Ramping up the development and use of battery technologies can help the UK achieve “net-zero” emissions by 2050, according to a new report.

Government advisory body the Committee on Climate Change (CCC) said a net-zero greenhouse gases target for 2050 “is achievable with known technologies, alongside improvements in people’s lives”.

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UK chems firms ‘to cash in on battery supply market’

Wed, 05/01/2019 - 13:29 -- John Shepherd
UK chems firms ‘to cash in on battery supply market’

The UK chemical supply chain for battery manufacture could “capture a £4.8 billion (US$6.2bn) per annum market share” by 2030, meeting the needs of UK-built vehicles alone, according to a new report.

The report said its forecast was based on the “strong foundation of UK-based companies already embedded within many global battery supply chains”.

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GS Yuasa expands lead-acid base in Turkey

Thu, 04/25/2019 - 15:49 -- John Shepherd
GS Yuasa expands lead-acid base in Turkey

Japan-based GS Yuasa has launched operations at its new joint venture lead-acid battery manufacturing plant in Turkey.

The 100 million Turkish lira (US$17m) plant (pictured) in Manisa, is operated by Inci GS Yuasa, a subsidiary of Inci Holding and GS Yuasa.

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Tianneng go-ahead for batteries spin-off

Wed, 04/24/2019 - 16:51 -- John Shepherd
Tianneng go-ahead for batteries spin-off

Financial regulators in China have given Tianneng Energy Technology the green light to spin-off its batteries division to “expand and transform” its lead-acid and lithium-ion manufacturing operations.

Tianneng said the spin-off would focus on R&D, manufacture, sales and “ancillary services” for lead-acid, lithium-ion and other “new energy batteries”.

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Work starts on latest Mercedes-Benz EV battery plant

Tue, 04/16/2019 - 16:14 -- John Shepherd
Work starts on latest Mercedes-Benz EV battery plant

Mercedes-Benz has made a ceremonial start on building what will be the latest in its global network of electric vehicle battery manufacturing plants.

The 12,000 sq m Brühl facility near Stuttgart, Germany, at the site of the Mercedes-Benz Untertürkheim plant, will be “carbon neutral” and become one of several of the car giant’s battery factories spanning seven locations on three continents.

The plant will support lithium-ion battery production for the Daimler-owned company’s recently-launched range of EQ vehicles.

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Leclanché welcomes record sales figures

Fri, 04/05/2019 - 16:43 -- John Shepherd
Leclanché welcomes record sales figures

Swiss battery manufacturer Leclanché has posted its best sales performance for 22 years, although earnings before interest, tax, depreciation and amortisation (EBITDA) losses fell further.

Consolidated revenues for fiscal year 2018 were CHF 49 million (US$49m), up from CHF 18m in 2017, and more than 2.7 times 2017 revenues.

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