LG Energy Solution

Technology Advancement: NEO Battery Expands Production Yield and Capacity with Manufacturing Innovation

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木曜日, 3月 14, 2024
NEO, Solvent, Certified Public Accountant, Particle size, BYD, Honda Rafaga, Original equipment manufacturer, History, Silicon, OEM, Samsung, Patent, Public sector, LG Energy Solution, CATL, Hyundai Motor Group, CPA, Electric battery

TORONTO, March 14, 2024 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF)

Key Points: 
  • TORONTO, March 14, 2024 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF)
    Major Process Innovation Improves Silicon Anode Yield, Capacity, and Particle Uniformity
    NEO Battery Materials Ltd. (“NEO” or the “Company”), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to report technological advancements in NEO Battery’s silicon anode production yield, capacity, and quality through its recent manufacturing innovation.
  • During NBMSiDE® manufacturing, special additives effectively prevent silicon particle clustering or agglomeration by acting as an interparticle buffer layer.
  • By developing similar innovations, NEO Battery Materials aims to become a leader in the silicon anode market by securing price competitiveness through increased production yield and improving particle size uniformity and product quality.
  • This innovation is significant as no additional equipment or process changes are required to improve NEO’s One-Step Production Process.

Electra and Eurasian Resources Group Sign Cobalt Supply Agreement

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火曜日, 4月 2, 2024
Technology, General Automotive, EV, Electric Vehicles, Other Energy, Automotive, Batteries, Alternative Energy, Energy, Environment, Mining, Minerals, Public Relations, Investor Relations, Sustainability, Communications, Natural Resources, DRC, IRA, Letter, Manganese, Copper, ERG, Metal, Carbon, Nickel, Graphite, Lithium, LG Energy Solution, Multimedia, Cobalt, Democratic republic

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.
  • (“ERG”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for long-term supply of ERG’s cobalt hydroxide to North America’s first battery grade cobalt sulfate refinery.
  • The agreement, effective April 1, 2024, supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners.
  • Electra and ERG are exploring further collaboration to de-risk the construction of another cobalt refinery in the Bécancour, Quebec district.

LG Energy Solution's $5.5 Billion Stand-Alone Battery Manufacturing Complex Project in Arizona Well Underway

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水曜日, 4月 3, 2024
KRW, EV, Completion, Solar energy, EVS, LFP, Pleasure, Plant, Mobility, Safety, State government, LG Energy Solution, ESS, KRX, Combs High School, General Motors, Supervisor, Renewable energy

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.

Key Points: 
  • 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.
  • 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).
  • 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).

Mitra Chem Adds Denise Gray to Board of Directors

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火曜日, 3月 26, 2024
IRA, GM, Social capital, Natural environment, AVL, Entrepreneurship, Transport, Saint-Gobain, Software, Temple University, National academy, LG Energy Solution, Government, General Motors, Lithium

MOUNTAIN VIEW, Calif., March 26, 2024 /PRNewswire/ -- Mitra Future Technologies, Inc. ("Mitra Chem"), a leading innovator in IRA-compliant production of lithium-ion battery materials, announced the addition of Denise Gray to its board of directors.

Key Points: 
  • MOUNTAIN VIEW, Calif., March 26, 2024 /PRNewswire/ -- Mitra Future Technologies, Inc. ("Mitra Chem"), a leading innovator in IRA-compliant production of lithium-ion battery materials, announced the addition of Denise Gray to its board of directors.
  • "Denise is a visionary leader with a proven track record of developing and deploying state of the art battery technology," said Mitra Chem CEO and Co-Founder Vivas Kumar.
  • "I am thrilled to join Mitra Chem's board of directors and to support the exceptional team in fostering breakthrough battery technologies that further accelerate a clean energy future while reducing American reliance on a fragile global supply chain," Said Denise Gray.
  • Mitra Chem has raised nearly $80 million dollars, including from GM which led its Series B in 2023.

LG Energy Solution Strengthens Partnership with WesCEF, Secures Stable Lithium Supply Chain for the North American Market

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火曜日, 2月 13, 2024
Lithium, LG Energy Solution, KRX, Senior, Calendar, Sociedad, Morazán, Covalent bond, Energy, SQM, Partnership

LG Energy Solution signs a second offtake agreement with WesCEF, expands its supply chain for competitive lithium procurement

Key Points: 
  • LG Energy Solution signs a second offtake agreement with WesCEF, expands its supply chain for competitive lithium procurement
    Lithium hydroxide and lithium concentrate from WesCEF's Mt.
  • Under the agreement, WesCEF will supply LG Energy Solution up to 85,000 tons of lithium concentrate, which could be utilized in producing around 11,000 tons of lithium hydroxide, a crucial raw material for cathodes.
  • As part of its efforts to further enhance its lithium supply chain, LG Energy Solution has also secured a partnership with SQM, a global mining company based in Chile and also an investor in the Mt.
  • Holland lithium project, as two companies signed a new long-term supply agreement for lithium carbonate and lithium hydroxide last year.

Electra Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain

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金曜日, 2月 9, 2024
Technology, EV, Electric Vehicles, Recycling, Environmental Policy, Alternative Vehicles, Fuels, Automotive, Batteries, Public Policy, Government, Environmental Health, Environment, Mining, Minerals, Sustainability, Natural Resources, Other Policy Issues, Nature, LG Energy Solution, Investment, Cobalt, Manganese, Lithium, Graphite, Languages of Ethiopia, Nickel, Regional Development Agency (Canada), Copper, Parliament

The investment will be provided in the form of a grant from the Federal Economic Development Initiative for Northern Ontario (FedNor).

Key Points: 
  • The investment will be provided in the form of a grant from the Federal Economic Development Initiative for Northern Ontario (FedNor).
  • “Canada has surpassed China as the top jurisdiction in the global battery supply chain, given its strength in raw materials mining and processing,” said Trent Mell, Electra’s CEO.
  • “Today’s announcement from the Government of Canada’s demonstrates its continued commitment to building a strong, domestic EV supply chain.
  • Anthony Rota, Member of Parliament for Nipissing-Timiskaming, said “The Government of Canada, through FedNor, is working hard to expand the electric vehicle supply chain right here in Northern Ontario.

Extreme Networks Reports Second Quarter Fiscal Year 2024 Financial Results

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水曜日, 1月 31, 2024
Telecommunications, Software, Networks, Data Management, Technology, Apps, Applications, Other Technology, Security, Cloud, EPS, Education, Winnipeg Jets, ARR, IEEE 802.11be, Wi-Fi, Machine learning, COVID, General Motors, Philadelphia Flyers, TD SYNNEX, ZTNA, London South Bank University, Organization, Partnership, Biophysical environment, Rationalization, Internet of things, Leeds Beckett University, LG Energy Solution, Canada Life Centre, Growth, Hospital, Universal, Robotics, University, Wells Fargo Center, Extreme Networks, ESG, RSR, AI, Society, Next, Digital twin, EV, Kingdom, Zero trust security model, Retail Systems Research, Kingston University

Extreme Networks, Inc. (“Extreme”) (Nasdaq: EXTR) today released financial results for its second quarter ended December 31, 2023.

Key Points: 
  • Extreme Networks, Inc. (“Extreme”) (Nasdaq: EXTR) today released financial results for its second quarter ended December 31, 2023.
  • As a result, our distributors and partners have lowered inventory purchases, which we expect to accelerate in the third quarter.
  • Kevin Rhodes, Executive Vice President and Chief Financial Officer, stated, "Despite lower revenue in the second quarter, we improved our gross margins and optimized our operating expenses to maintain a healthy operating margin profile during the quarter.
  • In the third quarter, we expect higher sell-through than sell-in, which will have a more significant impact on our operating results.

Sion Power Raises $75 Million to Commercialize Its Proprietary Licerion Technology for Electric Vehicles

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水曜日, 1月 24, 2024
Technology, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Automotive Manufacturing, Manufacturing, Alternative Energy, Energy, Hardware, Stanford University, IP, Eric Schmidt, Anxiety, LG Energy Solution, Safety, Original equipment manufacturer, Lithium, Cell

Sion Power Corporation , a leading technology developer of next-generation batteries for electric vehicles (EV), announces today that it has secured $75 million in Series A funding.

Key Points: 
  • Sion Power Corporation , a leading technology developer of next-generation batteries for electric vehicles (EV), announces today that it has secured $75 million in Series A funding.
  • It is the Sion Power belief that any lithium metal system will require compression to have a viable energy storage system.
  • “We’ve invested in Sion Power because its strong IP portfolio is critical to enable lithium-metal technology on a commercial basis.
  • Its technology will greatly expand the adoption of electric vehicles by expanding driving ranges at a reduced cost for lithium batteries.

LG Energy Solution to Invest in Promising U.S. Lithium Metal Battery Technology Startup, Solidifying Leadership in Next-Generation Battery Technology

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水曜日, 1月 24, 2024
Graphite, Battery, BCM, Silicon, Reward, LG Energy Solution, Lithium, KRX

A lithium metal battery uses a lithium metal anode instead of a graphite or silicon anode to achieve higher energy efficiency compared to existing lithium-ion batteries.

Key Points: 
  • A lithium metal battery uses a lithium metal anode instead of a graphite or silicon anode to achieve higher energy efficiency compared to existing lithium-ion batteries.
  • By investing in Sion Power, LG Energy Solution plans to preempt innovative technologies and take the lead in developing next-generation battery technologies.
  • The investment will be executed through LG Technology Ventures (LGTV), a corporate venture capital firm, and Bricks Capital Management (BCM), a private equity investment firm, both of which LG Energy Solution has committed to invest in.
  • "This investment is a strategic decision to solidify our leadership in the development of next-generation technologies in the battery industry," said an LG Energy Solution spokesperson.

SPZI: JP 3E Holdings, Inc. Names Another Prominent Board Member - Daniel Lee

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金曜日, 1月 12, 2024
MCAP, USRC, City, CMB, Knowledge, Housing, EB-5, GM, Samsung, Ford, LG Energy Solution, OTC, Investment, CIG, PTE, EV, General Toll Switching Plan, LBS, Marketing, Plant, LTD, Growth

CLEARWATER, Fla., Jan. 12, 2024 (GLOBE NEWSWIRE) -- JP Energy Global, PTE, LTD, a wholly owned subsidiary of JP 3E Holdings, Inc., formerly Spooz, Inc. (OTC: SPZI), is pleased to announce another additional member to the Board – Daniel Lee.

Key Points: 
  • CLEARWATER, Fla., Jan. 12, 2024 (GLOBE NEWSWIRE) -- JP Energy Global, PTE, LTD, a wholly owned subsidiary of JP 3E Holdings, Inc., formerly Spooz, Inc. (OTC: SPZI), is pleased to announce another additional member to the Board – Daniel Lee.
  • Daniel Lee is currently the CEO of CIG International https://www.ciginter.com/ https://cigunited.com/ .
  • In 2021, CIG partnered with Keiretsu Forum Canada, a global angel investment group, which invests up to US $100M+ annually, to provide a platform for start-up venture investment and management.
  • The EV battery plants that are currently under construction are located in Indiana, Kentucky, Tennessee, Michigan, and Georgia.