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Michigan provides additional $25 million to fund Inflation Reduction Act-compliant electric vehicle battery production in state WASHINGTON, Sept. 26, 2024 /PRNewswire/ -- In a groundbreaking move to bolster America's clean energy future, the U.S. Department of Energy's (DOE) Office of Manufacturing and Energy Supply Chains and the state of Michigan's Competitiveness Fund have selected Mitra Chem, a leading innovator in battery materials, for up to $125 million in awards. This substantial funding, with additional funding anticipated from the state of Michigan, will support Mitra Chem to establish a cutting-edge battery material manufacturing facility in Muskegon, Michigan. The site will be the first mass production facility for lithium iron phosphate cathodes in North America, unlocking a domestic supply chain that strengthens U.S. national security and expands the domestic workforce. Mitra Chem is launching the American Production of Lithium Iron Phosphate and Future Innovation (AmPLIFI) project as a linchpin to building a robust domestic electric vehicle battery supply chain that is cleaner, safer, faster, more affordable, and independent of China. The grant, aligned with the goals of the Inflation Reduction Act, marks a significant step towards establishing the United States as a global leader in battery manufacturing for EVs, energy storage systems (ESS), and defense applications. Mitra Chem will partner with Sun Chemical, which brings 100 years of advanced particle engineering, expertise in manufacturing and production efficiency, existing regulatory permitting, and extensive U.S. manufacturing infrastructure. "This award selection represents a pivotal moment for the entire U.S. battery industry," said Mitra Chem CEO Vivas Kumar. "By bringing advanced battery production to American soil we're securing our energy future and positioning the U.S. at the forefront of the global electric vehicle revolution. The support from the DOE and Michigan, and our collaboration with Sun Chemical, will accelerate Mitra's mission to revolutionize next generation battery production." The Michigan-based facility will focus on developing and manufacturing next-generation materials for electric vehicles and battery storage. Mitra Chem will apply its state-of-the-art acceleration platform that leverages machine learning and automation to unlock high throughput development and materials testing at 10x the speed of current industry practices. This project is expected to create hundreds of high-skilled jobs in the region while significantly advancing the domestic clean energy sector. "The partnership between Mitra Chem and Sun Chemical brings together expertise in advanced materials and large-scale chemical manufacturing," said Russell Schwartz, CTO of Sun Chemical. "By combining Mitra Chem's cutting-edge battery technology with a century of manufacturing experience, we're setting a new standard for innovation in cathode active materials for electrical storage. This project will demonstrate the power of American ingenuity and industrial might." Beyond its economic impact, the project is expected to yield significant national security and environmental benefits. To date 100% of battery grade iron phosphate (FP) and Lithium Iron Phosphate (LFP) is produced outside of the United States, with 99% coming from China. By localizing material production, the initiative aims to reduce US dependence on fragile global supply chains, alleviating an over reliance on global competitors. By 2027, Mitra Chem aims to nearly double the U.S.'s LFP production capacity (15,000 tonnes of new LFP per year), with plans to double production again (30,000 tonnes per year) after that. As the facility scales up, it has the potential to supply batteries for millions of electric vehicles annually, marking a significant leap forward in America's clean energy capabilities. For media inquiries: press@mitrachem.com About Mitra Chem: Mitra Chem is a leading energy innovator building cleaner, more affordable, and safer commercial battery materials to serve as the bedrock for global decarbonization efforts. Mitra offers IRA-compliant lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP). With a state-of-the-art lab, Mitra utilizes an acceleration platform that combines proprietary technology with AI capabilities and automation to shorten the industry's standard lab-to-market time by 90%. Mitra's iron-based battery cathode materials avoid the significant environmental and geopolitical supply chain challenges associated with nickel and cobalt. Mitra is establishing scale-up and commercial partnerships in the EV, energy storage, and defense markets. About DOE's Office of Manufacturing and Energy Supply Chains: MESC plays a critical and unique role in catalyzing investments in America's energy future to support the re-shoring, skilling, and scaling of U.S. manufacturing across energy supply chains. MESC serves as the frontline of clean energy deployment and accelerates America's transition to a resilient, equitable energy future through data-driven investments in manufacturing capacity and workforce development. Learn more at: www.energy.gov/mesc or LinkedIn. Logo - https://mma.prnasia.com/media2/2371043/Mitra_Chem_Logo.jpg?p=medium600
VANTAA, Finland, July 15, 2024 /PRNewswire/ -- As the world transitions to electrification and green energy, the demand for more powerful and safer rechargeable batteries—such as lithium-ion, sodium-ion, and solid-state—is rapidly growing. Vaisala, a global leader in measurement instruments and intelligence for climate action, is addressing this need by enhancing manufacturing processes with accurate, highly responsive dew point probes. The midstream stage of battery manufacturing involves electrode production, cell assembly, and cell finalization. It is during these steps – in dry rooms, dry booths, and glove boxes – that humidity control is especially important to prevent unwanted reactions. These include lithium-forming lithium hydroxide and hydrogen gas, lithium salt-forming hydrogen fluoride (HF), and electrolyte-generating corrosive byproducts. Effective drying processes are critical to: Protecting the safety of people and materials: The chemicals used are sensitive to moisture and present an explosion risk if exposed to elevated moisture levels. Maximizing the yield of the process and maintain quality: Excessive moisture negatively impacts the quality and lifetime of batteries. Optimizing energy consumption: Maintaining dry room ambient dryness at optimal levels avoids costly over-drying and under-drying. Innovative Dew Point Measurement Solutions The ambient dew point temperature in dry rooms is maintained at around -30 ºC to -40 ºC. Low humidity is controlled by a high-end dryer that pushes dry air into the room. This is one of the most energy-intensive parts of the whole battery manufacturing process, so minimizing over-drying is key to the plant's overall energy efficiency. The dew point sensors in the dryer need to be highly responsive to control the dryer quickly and accurately in order to avoid under or over-drying. It is important to note that sensor accuracy alone will not be enough to avoid these issues. A probe with a fast response time, and without the complex internal measurement control loops of some analyzers, makes all the difference in dryer and overall dry room control. The volume of air being dried and pushed through is huge, so the energy consumption can easily skyrocket if the drying process is not optimized. Newer technologies such as all solid-state batteries may require drier conditions with the dew point temperature as low as -80 ºC in individual processing steps. These steps are usually performed inside dry booths or glove boxes because it is not economical to dry the whole dry room to the same extremely low dew point level. Humidity levels in dry booths and glove boxes are monitored at critical points. Vaisala's DRYCAP® Technology Vaisala's DRYCAP® technology is the world's most used technology for dryer monitoring and control. It is a field-proven innovation that provides accurate, stable, and fast-response dew point measurement with minimum drift. Vaisala has achieved this leading position not just because of innovation, but also because of a firm commitment to product quality and reliability, with short lead and delivery times, combined with world-class levels of service. Versatile, cost-effective solutions for the whole process The sensors needed to monitor humidity in the drying process of midstream battery manufacturing don't need to be expensive ultra-high precision laboratory-level devices. For example, the miniature dew point transmitter DMT143 is a simple, cost-effective device for accurate, stable, and fast-response dew point measurements in air dryers and glove boxes. Vaisala adds value by providing holistic systems and packages, such as the Vaisala Indigo ecosystem. The core of the Indigo offering is the transmitters and compatible probes with DRYCAP® technology. Indigo family products are versatile and easy to install, use, and service. Transmitters that support various fieldbuses and include built-in displays and other advanced features can be combined with probes such as the DMPx. This enables you to measure accurately and reliably in demanding processes with harsh chemicals, high temperatures, and ultra-low humidity. This is why the Indigo ecosystem offers the best solution for humidity monitoring and control in midstream battery production. About Vaisala Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. Vaisala has been the industry leader in humidity measurements for over 50 years, dedicated to providing innovative solutions that enhance safety, quality, and energy efficiency. With a firm commitment to product quality and reliability, Vaisala continues to support the evolving needs of the battery manufacturing industry.
LG Energy Solution invites Arizona state government and local community officials for a construction progress update on its second U.S. stand-alone facility Completion and start of production expected in about two years, with full-scale hiring for thousands of new jobs to begin in the second-half of 2025 The company to further strengthen market competitiveness in the U.S. underpinned by product and technology leadership SEOUL, South Korea, April 4, 2024 /PRNewswire/ -- The construction of a major battery manufacturing complex in Arizona, announced by LG Energy Solution (KRX: 373220) last year, is on track to be completed in two years with the first round of hiring expected to begin at the end of this year. The company provided progress updates on its USD 5.5 billion (KRW 7.2 trillion) stand-alone facility during a stakeholder meeting on April 3 at Combs High School in San Tan Valley near the town of Queen Creek where the complex is located. The attendees included Brian Oh, Head of Mobility & IT Battery Division at LG Energy Solution; Hyung Kim, Head of ESS Battery Division at LG Energy Solution; Richard Ra, President of LG Energy Solution Arizona; Gov. Katie Hobbs of Arizona; Sandra Watson, President and CEO of Arizona Commerce Authority; Mike Goodman, Supervisor and Chairman of Pinal County; Julia Wheatley, Mayor of Queen Creek, and other members of state government and local community officials. The complex consists of two manufacturing facilities which are the company's first stand-alone cylindrical and ESS battery plants in North America. The cylindrical battery plant, called LG Energy Solution Arizona, will produce 46-Series batteries for electric vehicles (EV). A crucial part of the company's innovative product portfolio, 46-Series cylindrical batteries demonstrate LG Energy Solution's advanced technological leadership throughout various applications for EVs. As the company plans the first mass production of 46-Series batteries at its Ochang plant in Korea in the second half of this year, which is the earliest among major global battery manufacturers, LG Energy Solution Arizona is expected to continue the momentum and reinforce the manufacturing capability. The ESS battery manufacturing facility, called LG Energy Solution Arizona ESS, will produce lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). It is one of the first ESS-exclusive battery production facilities in the world. By situating its stand-alone ESS battery facility in North America, the world's biggest ESS market, LG Energy Solution aims for a timely response to the fast-growing needs for locally manufactured batteries on the back of the U.S. clean energy policies, providing ESS batteries with enhanced competitiveness in cost, battery life, and safety. When fully operational, the complex's average annual production capacity is expected to reach 53GWh (cylindrical batteries 36GWh, LFP ESS batteries 17GWh). During the construction progress updates and site tour, Richard Ra, President of LG Energy Solution Arizona, said the project has been well underway since the groundbreaking last November, with initial land preparations completed and steel beams now being placed at the site. With the construction going as planned, the manufacturing facility for cylindrical EV batteries is expected to be completed in late 2025, and the facility for LFP pouch-type ESS batteries in the following year. Once the construction is complete, both facilities are expected to start production in 2026. To secure high-quality workforce that will operate the state-of-the-art manufacturing complex, the company will also commit to hiring and fostering the next-generation battery professionals in the area, creating several thousand new quality jobs. "We expect the recruitment of our [launch team] members to begin late this year, and a full-scale recruitment to follow from the second half of 2025," said Ra. "Of many other sites, this Arizona facility has a special meaning to us. This is the second stand-alone facility to be built in the U.S. And it is also the first manufacturing facility to produce cylindrical batteries in the U.S. Right here, is where we can build quality cylindrical batteries, which will be used to power millions of EVs," said Brian Oh, Head of Mobility & IT Battery Division at LG Energy Solution. "It gives me a great pleasure, knowing that this landmark project, here in Queen Creek will create thousands of new, quality-jobs that will contribute to building green economy." "ESS plays a vital role in green energy infrastructure as it utilizes power supply in a flexible manner," said Hyung Kim, Head of ESS Battery Division. "There is no better place to build the source of our sustainable energy here in Arizona, where the abundant solar energy surrounds the region. Quality batteries, made right here in the Copper State, will reach every corner of America to provide power." "This transformative investment will have a lasting impact not only in Arizona, but across the country and moves us one step closer toward our clean energy goals," said Governor Katie Hobbs. "These are the jobs of the future - and the State of Arizona is committed to being an active partner in ensuring Arizonans have the skills to fill these jobs." LG Energy Solution has another stand-alone facility in Michigan, which was built a decade ago and is currently undergoing expansion that would quintuple its average annual production capacity. The company also has five other joint venture facilities in the U.S. with major automakers, including General Motors, Honda, and Hyundai Motors Group, representing its full-fledged efforts to provide IRA-compliant batteries that will expedite the clean energy transition in the country. With the Arizona complex, the company has now secured the most diverse and competitive product portfolio, which encompasses pouch-type and cylindrical batteries for EVs and LFP batteries for ESS, in North America. "By further expanding our product portfolio and offering diverse options to our customers, we will continue to strengthen our market competitiveness," said David Kim, CEO of LG Energy Solution. "We also expect to keep growing in the global market by maximizing customer value through unmatched technology leadership." About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group, and Honda Motor Co., Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com.
New factory will expand Durapower's manufacturing capacity in China Aims to be Durapower's first intelligent manufacturing and green factory that meets Industry 4.0 requirements Expected to be fully operational by second quarter of 2025 SINGAPORE, March 15, 2024 /PRNewswire/ -- Singaporean lithium-ion battery manufacturer, Durapower Holdings Pte Ltd ("Durapower") is pleased to announce that its subsidiary Suzhou Durapower Technology Co Ltd has just broken ground for its new battery manufacturing factory in Suzhou, China. Image: Artist Impression of completed factory The new factory will have an area size of 32,500 square meters, featuring three production lines, and an R&D center, all spread across four floors. and is expected to be fully operational by the second quarter of 2025. Upon reaching full capacity utilisation, the new factory is projected to generate 2.0 GWh per annum, which is double the production output of Durapower's existing factory. It will also feature fully automated intelligent production lines that will increase production efficiency by more than 50%. This expansion not only positions Durapower as a key player in the region, but also underscores its dedication to meeting the evolving demands of its customers in China and other markets. The innovative, high power, lightweight, globally certified cutting-edge batteries that will be manufactured in the new factory will power many types of products, including e-mobility applications, specialty platforms, marine vessels, and stationary energy storage systems. In addition to the existing steam power supply, the new factory will also incorporate solar panels on the roof top, with an annual output of 500 MWh. The use of clean energy is part of Durapower's green agenda towards a sustainable and carbon neutral future. Mr Kelvin Lim, Chief Executive Officer of Durapower Group commented, "I am pleased that our new Suzhou factory is starting the construction process and on track with our growth plans. When completed, it will greatly boost our product development and production capabilities and will be a testament to the strong growth opportunities in the region. In addition, this factory's use of various ESG practices and initiatives further showcases Durapower's commitment to sustainability, a circular economy, and a carbon neutral future, and will serve as a template for our other facilities to emulate and improve upon." About Durapower Group (www.durapowergroup.com) Headquartered in Singapore, Durapower offers closed-loop, end-to-end energy storage solutions for the electric mobility and renewable energy applications including on and off-road Electric, Hybrid and Plug-in Hybrid Electric Vehicles, electric marine vessel and stationary energy storage solutions. Since 2009, Durapower has been a leading innovator of Lithium-Ion cell technology, focusing on the research and development of battery materials, battery cell manufacturing and system integration. With a global presence spanning 24 countries and 49 cities, including European Countries, China, India and Southeast Asia. Durapower Group strives to make scalable, sustainable batteries that support the circular economy, empowering lives and transforming the future towards a carbon neutral economy.
The largest single investment ever for stand-alone battery manufacturing facility in North America The new manufacturing complex to produce cylindrical batteries for EVs (27GWh) and LFP pouch-type batteries for ESS (16GWh), with total annual production capacity reaching 43GWh Production to start in 2025 and 2026 respectively, addressing customers' needs for locally manufactured batteries in response to IRA tax credits and surge in market demands The manufacturing complex to ensure cohesive partnerships and further promote collective drive to expedite clean energy transition with major EV and ESS players in North America SEOUL, South Korea, March 24, 2023 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities - one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). It marks the largest single investment ever for a stand-alone battery manufacturing facility in North America. It is also more than four times the amount the company initially announced last year (KRW 1.7 trillion) to manufacture cylindrical EV batteries in the same location. Out of the KRW 7.2 trillion, the company plans to invest KRW 4.2 trillion (USD 3.2 billion) in building cylindrical battery manufacturing facility with a capacity of 27GWh, and KRW 3 trillion (USD 2.3 billion) in LFP pouch-type battery facility with the capacity of 16GWh. Both facilities, totaling 43GWh, plan to break ground this year. With the new battery manufacturing complex in the southwestern state, LGES will boost its production capacity in major product segments, develop more cohesive partnerships with its customers in both EV and ESS sectors, and cut back on the logistics cost by bringing its new manufacturing facilities in close proximity to its customers. The new cylindrical battery manufacturing facility aims to start mass production of 2170 cells in 2025, mainly for EV makers in North America. It is the first-ever U.S. cylindrical battery manufacturing facility solely invested by a Korean battery manufacturer. The company's decision to increase investment in cylindrical EV battery production in North America comes from rising demand from EV makers for locally manufactured high-quality, high-performance batteries in an effort to satisfy the Inflation Reduction Act (IRA)'s EV tax credits. The new manufacturing facility for LFP pouch-type batteries for ESS, which is the first ESS-exclusive battery production facility in the world, aims to start production in 2026. With LG Energy Solution Vertech, Inc.'s fully integrated energy storage solutions, LGES will further expand its presence in the entire ESS value chain. Situating the new ESS battery facility in North America, the biggest ESS market globally, LGES aims to respond to the fast-growing needs for locally manufactured batteries on the back of the IRA, and further expedite clean energy transition in North America upon the strong government policies supporting the adoption of ESS. "Our decision to invest in Arizona demonstrates our strategic initiative to continue expanding our global production network, which is already the largest in the world, to further advance our innovative and top-quality products in scale and with speed," said Youngsoo Kwon, CEO of LG Energy Solution. "We believe it's the right move at the right time in order to empower clean energy transition in the U.S." The company's new manufacturing facilities will utilize a state-of-the-art smart factory system that carries out all decision making on machine-produced data. By implementing this key measure to enhance product quality, the Arizona facilities will aim to increase yield, improve manufacturing processes, and boost productivity to better respond to the ever-rising battery demands in the region. Product Investment (USD) Annual Capacity Groundbreaking Start of Production (Target) Cylindrical Batteries (EV) 3.2 billion 27GWh 2023 2025 LFP Pouch-Type Batteries (ESS) 2.3 billion 16GWh 2023 2026 About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 25,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group, and Honda Motor Co., Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com .
Under this definitive agreement, the companies will develop prismatic battery cell technology and affiliated chemistries for GM's future EVs The agreement marks an extension of the two companies' successful 14-year battery technology partnership LG Energy Solution to become the first global battery manufacturer to offer all three form factors (pouch-type, cylindrical, prismatic) SEOUL, South Korea, Dec. 3, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced a new partnership agreement with General Motors (GM) for prismatic battery cell technology, marking an extension of the two companies' solid 14-year battery technology partnership. Under this new definitive agreement, the companies will jointly develop prismatic battery cell technology and affiliated chemistries, and once the partnership comes to fruition, the prismatic cell technology developed under the agreement will power future GM electric vehicles (EV). The achievement will be a significant milestone for LG Energy Solution, as it becomes the first global battery manufacturer to offer all three form factors (pouch-type, cylindrical, prismatic). It also highlights the companies' robust partnership and the success of their Ultium Cells joint venture, which has created thousands of jobs in the U.S. through its plants in Ohio and Tennessee. Prismatic battery cells feature a flat, rectangular shape with a rigid enclosure, which allows for space-efficient packaging within battery modules and packs. LG Energy Solution has already secured competitiveness in prismatic cells, with the experience of actual prismatic cell production and extensive patent portfolio on battery design and manufacturing technologies, including packaging. The company also aims to leverage its world-best stacking technology, as manufacturing best practices are shifting from winding to stacking in prismatic cell structures. As such, capitalizing on its proven capabilities in materials and manufacturing technologies, LG Energy Solution will deliver differentiated prismatic solution to address the diversifying needs of its customers. Once the prismatic cell comes onboard, the company will further reinforce its market leadership, along with its pouch-type cells and cylindrical cells. With its expanded product portfolio, LG Energy Solution aims to offer efficient and safe power solutions that address different needs in each EV segment, thereby supporting global mass EV adoption. "LG Energy Solution is proud to be expanding its relationship with one of its strongest partners, GM. Together with GM, we've made tremendous progress already and look forward to deepening our collaboration to drive the right chemistry and battery combinations for continued growth in the EV market," said Wonjoon Suh, Executive Vice President and head of the company's Advanced Automotive Battery division. "Together with LG Energy Solution, we've built Ultium Cells into one of the largest battery cell manufacturers in North America, creating thousands of advanced technology jobs in the U.S. and powering our diverse EV portfolio," said Kurt Kelty, GM vice president of battery cell and pack. "We're focused on optimizing our battery technology by developing the right battery chemistries and form factors to improve EV performance, enhance safety, and reduce costs. By extending our partnership with LG Energy Solution, we're taking an important step towards these goals," said Kurt Kelty, GM vice president of battery cell and pack. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com.
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