Australia’s Prime Minister Scott Morrison has announced financial support for four technology sector manufacturing projects, including a vanadium processing plant.
The US Department of Energy (DOE) has provided dates and a partial breakdown of grants totalling US$2.9 billion to boost the production of batteries for the electric vehicle (EV) and energy storage markets, as promised by President Biden’s Bipartisan Infrastructure Deal.
Deals to establish manufacturing and supply of energy storage system (ESS) solutions and components closer to where demand is in the North American market have been signed by Powin Energy and KORE Power.
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.
China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry.
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Powin Energy will purchase lithium iron phosphate (LFP) cells from Chinese company EVE Energy and at the same time is “actively in discussions” to try and source cells from US-based facilities for the future.
Australia’s federal government has committed millions of dollars in grants to companies involved in lithium battery and vanadium redox flow battery value chains, as part of a wider pledge to support resources and critical minerals sectors in the country.
The stationary energy storage system (ESS) industry will be a significant source of lithium-ion batteries that can be recycled and reused, the head of Finnish state-owned energy company Fortum’s battery business line has said.
