Ongoing supply chain challenges and the impact of Russia’s war on Ukraine have affected the quarterly revenues of LG Energy Solution.

Li-Cycle has been selected as preferred battery recycling partner to LG Chem and LG Energy Solution for their North America operations.

Redwood Materials CEO JB Straubel told a US Senate hearing his company already receives approximately 6GWh of end-of-life lithium-ion batteries for recycling annually. 

The Biden administration plans to use the Cold War-era Defense Production Act to ramp up mining and processing for materials integral to batteries and renewable energy, like lithium, graphite, nickel, manganese and cobalt.

ABB will provide technical expertise for a lithium extraction facility in Portugal which targets zero emissions status by 2030. 

Pivot Power has secured planning permission for two 50MW/100MWh lithium-ion battery storage sites in the UK.

Li-Cycle has seen its revenues rise although the cost of expansion to meet expected future demand remains high.

Ascend Elements will recycle manufacturing scrap from SK Innovation’s lithium battery gigafactories in Georgia, US.

LG Energy Solution has signed a five-year supply deal for lithium hydroxide from Germany-headquartered Vulcan Energy Resources, which aims to establish carbon emissions-free extraction facilities. 

The company behind what is claimed will be the largest lithium-ion battery recycling facility in North America intends to process as much material as it can from the energy storage system (ESS) industry.