Lithium battery recycling company Li-Cycle is planning its fourth facility in North America, the company said, as it made its first financial results release since listing on the New York Stock Exchange (NYSE) in August.
Vertically-integrated vanadium mining, production and supply company Largo Resources wants to launch its own vanadium redox flow battery (VRFB) onto the market within a year-and-a-half, predicting that the technology will play a “critical role” in addressing significant demand for energy storage.
Lithium battery recycling company Li-Cycle now has capacity to recycle 10,000 tonnes a year of spent lithium-ion batteries, having just opened its Rochester, New York facility for commercial operations.
As demand for lithium-ion batteries from the solar energy industry grows, high standards of manufacturing processes are as important as cell design and materials, representatives of PI Berlin have said.
While the performance of lithium batteries has increased tremendously, there’s still room for improvement to lower cost, increase sustainability and maximise their impact on decarbonisation, says Marcos Ierides, consultant and materials expert at innovation consultancy Bax & Company.