On Wednesday, the US government announced that it will award grants from the Bipartisan Infrastructure Law worth a total of US$2.8 billion to 20 manufacturing and processing companies in order to support and develop the domestic manufacturing of batteries for electric vehicles (EVs) and the electric grid. The funding for the selected projects will support: […]
Battery materials making headlines in the US and in Europe Read More »
Batteries are without a doubt a cornerstone in the energy transition. The development of sustainable and transparent supply chains for the battery industry is therefore of highest priority. And with the surge in demand for batteries, new sources for battery raw materials need to be developed. Lithium, for example, will remain the main building block
The European Investment Bank (EIB) has signed a €125M loan with Umicore to finance the construction of a cathode material manufacturing facility in Poland. The cathode materials will be supplied to battery manufacturers of lithium-ion batteries for electric vehicles. This will also result in creating around 350 full-time jobs. The EU sees the transition to
Umicore secures EIB loan of €125M for battery components factory in Poland Read More »