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Glencore

China’s CATL ‘plans Europe battery plant’

Tue, 09/26/2017 - 09:47 -- News Editor
China’s CATL ‘plans Europe battery plant’

Chinese lithium-ion battery maker Contemporary Amperex Technology Ltd (CATL) is to open a production base in Europe, according to state media.

China’s Xinhua News Agency said CATL is “planning to build a new plant in Europe to meet the rising demand of the continent” for electric vehicle batteries.

 

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VW unveils $60bn batteries investment plan

Tue, 09/12/2017 - 11:41 -- News Editor
VW unveils $60bn batteries investment plan

Volkswagen has announced plans to invest more than EUR50 billion ($60bn) in battery cells and related technology, towards the electrification of its entire model portfolio by 2030 "at the latest".

CEO Matthias Mueller (pictured) said the group has already launched a global tender process to find manufacturing partners in China, Europe and North America— as VW will “need more than 150GWh of lithium-ion battery capacity annually by 2025 for its own e-fleet alone”.

Full report in the next edition of BEST Battery Briefing, out on 18 September. Subscribe now to receive your FREE copy by e-mail.

 

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Glencore bullish on boost for EVs, storage

Fri, 08/18/2017 - 10:07 -- News Editor
Glencore bullish on boost for EVs, storage

Switzerland-based mining and commodities giant Glencore has increased its earnings guidance for 2017 because of an expected “large scale” push for electric vehicles and energy storage systems.

CEO Ivan Glasenberg (pictured) said in half-year results released on 10 August the group had increase its full-year marketing adjusted earnings before interest and tax (EBIT) guidance by $100 million to between $2.4 billion and $2.7bn.

 

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Glencore ‘in triangular lithium deal’ with China’s CATL and VW

Tue, 07/18/2017 - 10:50 -- News Editor
Glencore ‘in triangular lithium deal’ with China’s CATL and VW

Switzerland-based mining company Glencore has reportedly signed a deal to supply cobalt materials to a Chinese lithium battery manufacturer – who would in turn sell batteries for Volkswagen’s (VW) electric vehicles.

According to Reuters, the deal would see Glencore sell up to 20,000 tonnes of cobalt products to CATL (Contemporary Amperex Technology Co Ltd), a China-based battery giant who also supplies EV batteries to carmaker BMW.

 

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Electrovaya deliver Li-ion battery to Canadian mine

Mon, 03/09/2015 - 16:39 -- Paul Crompton
Electrovaya's battery has been designed for use in remote mining operations.

Canadian battery manufacturer Electrovaya has delivered its lithium-ion battery technology at Glencore’s Raglan Mine in Quebec.

The lithium-ion battery technology solutions manufacturer has added the battery component to diesel generators in the $700,000 deal.

The 2.0 battery system technology has been installed at the mine in partnership with Tuqliq Energy Corp. and Hatch Ltd. who are engineering coordinators for the project.

When paired with a diesel generator the 2.0 system allows it to operate at maximum efficiency, reducing diesel consumption and lowering maintenance costs.

The 2.0 lithium-ion battery does not rely on specific components, instead, its innovation is independent of the cathode, anode and separator component selection which gave the product the ‘platform technology’ moniker.

The battery technology has been designed for use in remote mining operations, which have no grid connections and rely upon alternative energy sources.

The company says that its battery technology can store generated energy at an efficiency of greater than 90% to further improve energy efficiencies.

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