LOHUM Cleantech Ltd, ReElement Technologies Corporation, and American Metals have formalised a partnership through a Memorandum of Understanding (MoU) to develop a fully integrated lithium-ion battery recycling and materials processing facility in the United States. With an initial investment of $30 million, the facility will have a capacity of 15.5 GWh and is expected to create 250 jobs focused on environmentally sustainable operations.

Located at the Marion Advanced Technology Centre in Indiana, the facility will support North America’s lithium-based battery supply chain by producing over 99.5% pure battery-grade materials. The joint venture aims to manage the entire battery lifecycle, from cell testing and second-life applications to recycling and refining critical minerals. There are plans for potential expansion to other locations.

Similar Posts

|

US, Sweden sign MOU for nuclear energy cooperation

By

The US and Sweden have signed a memorandum of understanding (MOU) to bolster domestic nuclear production through bilateral cooperation. The agreement was signed by Sweden’s Minister for Energy, Business, and Industry Ebba Busch and US Secretary of Energy Jennifer Granholm in Washington, DC, on August 1. The MOU aims to facilitate the exchange of experience on nuclear policy, research, and innovation related to supply chains, financing models, skills supply, and the development of advanced nuclear…

|

GERC sets Rs 2.84 per kWh tariff for sub-10 MW wind power projects

By

The Gujarat Electricity Regulatory Commission (GERC) has established a levelised tariff of Rs 2.84 per kWh for wind power projects with a capacity of less than 10 MW, commissioned between June 6, 2022, and March 31, 2027. These projects will have a lifespan of 25 years, with a depreciation rate of 60% in the first year, followed by 4.67% per annum for the first 15 years, and 2% annually from the sixteenth to the twenty-fifth…

|

North Korea-linked hackers use fake job offers to target energy industry

By

A North Korea-affiliated cyber-espionage group, UNC2970, is tricking people in the energy and aerospace industries with fake job offers to gain access to sensitive information. The hackers send phishing emails, pretending to be recruiters offering high-level jobs. When victims open the job descriptions, they unknowingly download malware called MISTPEN, a tool that gives hackers control over their computers. This cyber group has been active since 2013 and is believed to be working for North Korea’s…

|

RES sells 436.5 MW Tarong West Wind Farm to Stanwellin Australia

By

Renewable energy company RES has agreed to sell the 436.5MW Tarong West Wind Farm in Queensland, Australia, to Stanwell, making it the largest publicly owned wind farm in the country.  Stanwell CEO Michael O’Rourke highlighted the project’s role in advancing Queensland’s renewable energy goals, aiming for 9-10GW of large-scale wind and solar capacity by 2035. The project, located in South Burnett, received development approval and is set to feature 97 turbines, generating enough power for…

|

Italian researchers develop novel method to recover silver from end-of-life solar cells

By

Researchers from Italy’s University of Camerino have developed a new method to recover silver from end-of-life solar cells, achieving an impressive recovery efficiency of 98%. This novel approach combines hydrometallurgical and electrochemical processes, which use aqueous solutions and electric currents, respectively, to extract and recover metals. Traditional metal extraction, such as open-pit mining, can cause significant environmental damage. In contrast, metal recovery from industrial waste can reduce environmental impact and lower energy consumption, offering a…

|

Fluence Energy reports record order intake in Q3 FY2024

By

Fluence Energy announced its Q3 FY2024 results, showcasing a record quarterly order intake of $1.3 billion and a record backlog of $4.5 billion. Although revenue decreased by 10% year-over-year to $483.3 million, the company demonstrated strong improvements in profitability. The GAAP gross profit margin increased significantly to 17.2% from 4.1% the previous year, and net income reached $1.1 million, a substantial turnaround from a $35 million loss. Adjusted EBITDA also improved, rising to $15.6 million…

Leave a Reply

Your email address will not be published. Required fields are marked *