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ZincFive accelerates investment in U.S. Manufacturing

 ZincFive, the world leader in nickel-zinc (NiZn) battery-based solutions for immediate power applications, has secured financing to accelerate its expansion plans in the United States for battery manufacturing, systems assembly, pack assembly, and new product development. The increasing demand for data center infrastructure in the U.S., driven by massive market …

SQM Lithium Ventures completes $12 Million “Series A” round from Altilium Clean Technology

SQM Lithium Ventures has announced that it has increased its investment in Altilium Clean Technologies by USD 9.43 million, bringing its total contribution to USD 12 million. Altilium Clean Technologies, a UK-based startup dedicated to clean technologies, seeks to support the energy transition towards net zero emissions. This investment completes …

Li-Cycle announces $75 Million strategic investment from Glencore

Li-Cycle Holdings Corp., a leading global lithium–ion battery resource recovery company, is pleased to announce that it has entered into an agreement (the “Note Purchase Agreement”) to issue a senior secured convertible note in an aggregate principal amount of $75 million (the “Note”) to an affiliate of Glencore plc, a …

Mitsubishi Power announces Prevalon, standalone company dedicated to fast-growing battery energy storage market

Mitsubishi Power Americas is transforming and rebranding its battery energy storage solutions (BESS) business into a standalone and legally separated company, PrevalonTM . Designed as a dedicated pure-play vehicle for innovation and growth in the battery energy storage space, Prevalon enters the market with an established track record, robust pipeline of …

LGES signs battery supply agreement with Chinese supplier

LG Energy Solution (LGES) signed a battery supply agreement with Chinese supplier Changzhou Liyuan New Energy Technology.  Changzhou Liyuan is based in Nanjing, China, and manufactures lithium-iron-phosphate (LFP) cathode materials. Under the supply agreement, Changzhou Liyuan will provide LGES with approximately 160,000 tons of cathode materials.  The Chinese supplier’s 160,000 tons of …