Lithium mining and extraction companies have made several recent high profile moves to increase their production of the metal, which is used to make the batteries in many stationary energy storage systems and EVs.
Lithium-ion energy storage manufacturer Leclanché saw revenue of around CHF28 million (US$28.89 million) through H1 2016, up 65% year-on-year, according to the firm’s interim results for the half year ending 30 June 2016.
GCL Systems Integration is poised to sink US$24.3 million into new lithium battery factory in China’s Jiangsu province.
US-based Storage provider AES Energy Storage has made significant expansions away from established markets into relatively untapped regions across the globe.