Canadian junior mining firm Golden Share Resources Corporation has signed an agreement worth an estimated $906 million with a US government laboratory for R&D into novel vanadium based solid-state battery technologies.
Golden Share said it had signed the deal with Battelle Memorial Institute, which runs the Pacific Northwest National Laboratory (PNNL) for the US Department of Energy.
German automotive supplier Continental is reportedly mulling investments in solid-state battery production in a bid to compete with electric vehicle battery manufacturers in the US and Asia.
CEO Elmar Degenhart (pictured) was quoted as telling German trade publication Automobilwoche: “We could well imagine getting into the production of innovative batteries. That also goes for producing battery cells.”