Also on the rise: SEG Solar expands its module production in Cambodia, Kentucky’s solar pipeline looks impressive, and Summit Ridge starts work on a community solar portfolio.
The 50:50 joint venture with Norway-based FREYR could result in factories with an initial production capacity of 50 GWh per year by 2030.
The ESS battery systems have a prescribed design life of 25 years, but the battery modules, electrolyte, plumbing, and other components may well last for decades longer with proper maintenance.
Funds will be used to develop larger form factor products targeting industrial electrification and e-mobility markets.
Li-Cycle said its market estimate has “accelerated significantly” in recent months as mega-battery plants have exceeded original expectations.
The company will partner with South Korea-based SK Innovation to build facilities to produce and eventually recycle EV batteries.
The KORE and ZEV teams plan to focus on thermal management, safety, and module and pack configurability towards higher energy and power densities.
After heating a zinc manganese-dioxide cell from Urban Electric Power to over 1,000 degrees Fahrenheit, testing agents concluded that “thermal runaway was not achieved.”
The venture will draw on Heritage’s network to collect, store, and process end-of-life batteries, with 6K’s plasma technology to manufacture cathode-grade battery materials.
The company said the southeastern U.S. is emerging as a critical region for the lithium-ion battery supply chain.