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Experts warn on ‘raw material cost’ of powering EVs

Fri, 06/07/2019 - 13:07 -- John Shepherd
Experts warn on ‘raw material cost’ of powering EVs

Experts have warned that producing a new generation of electric vehicles— and supplying the electricity to keep their batteries charged— will add up to costly and “huge implications” for the world’s natural resources.

The UK alone would need just under twice the current annual world cobalt production to meet its EV targets for 2050, according to a letter to government climate change advisers co-authored by the head of earth sciences at the UK’s Natural History Museum, Prof Richard Herrington.

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BMZ opens expanded US headquarters

Fri, 05/31/2019 - 11:22 -- John Shepherd
BMZ opens expanded US headquarters

German lithium-ion manufacturer BMZ has opened the new headquarters of its US subsidiary in Virginia.

A total of more than $2 million has been invested in the BMZ USA expansion project at Virginia Beach.

A BMZ spokesperson told BEST Battery Briefing the company’s former US operations site nearby, which opened in 2011, has now been closed.

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World Bank leads new push for battery storage

Wed, 05/29/2019 - 12:34 -- John Shepherd
World Bank leads new push for battery storage

An international “technology-neutral” partnership to expand the use of energy storage systems in developing countries has been launched by 30 organisations led by the World Bank.

The Energy Storage Partnership (ESP) aims to “catalyse a new market for batteries”, beyond the current focus on the market to supply electric vehicles, the bank said.

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Regulators in BESS safety review warning after US explosion

Fri, 05/17/2019 - 09:38 -- John Shepherd
Regulators in BESS safety review warning after US explosion

Regulators in the US have warned a major shake-up of safety standards may be needed for home battery storage systems in the wake of an explosion at a lithium-ion grid-scale battery storage facility in Arizona.

The Arizona Public Service (APS) utility told BEST Battery Briefing an investigation into what caused the “catastrophic failure” of the 2MW/2MWh system at its McMicken facility last month in the city of Surprise was still under way.

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UK pumps extra cash into national battery centre

Thu, 05/16/2019 - 14:53 -- John Shepherd
UK pumps extra cash into national battery centre

The UK government is investing extra cash in the project to build a battery centre in the city of Coventry as a “stepping stone” towards launching a national gigafactory.

Business and industry minister Andrew Stephenson (pictured) announced £28 million (US$35.8m) for the new UK Battery Industrialisation Centre— set to open in 2020— which will provide “world-leading testing facilities for new battery technologies”.

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CATL and LG Chem sign Volvo battery supply deals

Wed, 05/15/2019 - 14:10 -- John Shepherd
CATL and LG Chem sign Volvo battery supply deals

Chinese and Korean battery makers have signed deals to secure the “multi-billon-dollar” long-term supply of electric vehicle batteries for Swedish car firm Volvo.

Volvo said today the agreements with Contemporary Amperex Technology (CATL) and LG Chem would ensure supplies of lithium-ion batteries over the coming decade for its next-generation Volvo and Polestar models.

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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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