LG Energy Solution

NEO Battery Materials Announces Appointment of Dr. Dongmok Whang as New Director

Retrieved on: 
Wednesday, April 3, 2024
NEO, Nanotechnology, Research, School, KBIA, Engineering, Samsung, OTC, LG Energy Solution, Ministry, Sungkyunkwan University, Silicon

Dr. Whang commented, “It is a great pleasure to be more deeply involved with the Company that is at the forefront of revolutionizing battery technology.

Key Points: 
  • Dr. Whang commented, “It is a great pleasure to be more deeply involved with the Company that is at the forefront of revolutionizing battery technology.
  • Only three years into R&D, NEO’s pace of performance optimization has been outstanding, considering that battery materials development is a tedious, taxing process.
  • NEO Battery Materials is pleased to announce that it has joined the Korea Battery Industry Association (“KBIA”).
  • Since its inception, the association supported the rise to prominence in the international battery market and organized the world’s leading battery conference, InterBattery.

Sulfur-Based Battery Market Projected to Reach $7.09 billion by 2030 - Exclusive Report by 360iResearch

Retrieved on: 
Tuesday, April 9, 2024
Lithium, Growth, Communication, EVS, Intelligence, Tablet, Electronics, Research, Carbon, NGK Insulators, Safety, LG Energy Solution, TotalEnergies, Table, Electric battery

In the Americas, heightened R&D investment, alongside a push toward renewable energy, emphasizes the region's commitment to sustainable development and reduced carbon emissions.

Key Points: 
  • In the Americas, heightened R&D investment, alongside a push toward renewable energy, emphasizes the region's commitment to sustainable development and reduced carbon emissions.
  • Concurrently, the Asia-Pacific region experiences a surge in demand, driven by the automotive industry, renewable energy initiatives, and the consumer electronics market.
  • We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Sulfur-Based Battery Market.
  • "Dive into the Sulfur-Based Battery Market Landscape: Explore 185 Pages of Insights, 374 Tables, and 24 Figures"

Sulfur-Based Battery Market Projected to Reach $7.09 billion by 2030 - Exclusive Report by 360iResearch

Retrieved on: 
Tuesday, April 9, 2024
Lithium, Growth, Communication, EVS, Intelligence, Tablet, Electronics, Research, Carbon, NGK Insulators, Safety, LG Energy Solution, TotalEnergies, Table, Electric battery

In the Americas, heightened R&D investment, alongside a push toward renewable energy, emphasizes the region's commitment to sustainable development and reduced carbon emissions.

Key Points: 
  • In the Americas, heightened R&D investment, alongside a push toward renewable energy, emphasizes the region's commitment to sustainable development and reduced carbon emissions.
  • Concurrently, the Asia-Pacific region experiences a surge in demand, driven by the automotive industry, renewable energy initiatives, and the consumer electronics market.
  • We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Sulfur-Based Battery Market.
  • "Dive into the Sulfur-Based Battery Market Landscape: Explore 185 Pages of Insights, 374 Tables, and 24 Figures"

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

Retrieved on: 
Thursday, March 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

Retrieved on: 
Tuesday, April 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

Retrieved on: 
Wednesday, April 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

Retrieved on: 
Tuesday, March 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

Retrieved on: 
Tuesday, February 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

Retrieved on: 
Friday, February 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

Retrieved on: 
Wednesday, January 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.