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𝗪𝗼𝗿𝗹𝗱’𝘀 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗘𝗩 𝗕𝗮𝘁𝘁𝗲𝗿𝘆 𝗠𝗮𝗸𝗲𝗿, 𝐂𝐀𝐓𝐋, 𝐭𝐨 𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐂𝐚𝐧𝐚𝐝𝐚’𝐬 𝐌𝐢𝐥𝐥𝐞𝐧𝐧𝐢𝐚𝐥 𝐋𝐢𝐭𝐡𝐢𝐮𝐦 𝐢𝐧 $𝟐𝟗𝟕 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐃𝐞𝐚𝐥
Contemporary Amperex Technology Co Ltd. has agreed to acquire Millennial Lithium Corp. in an all-stock cash deal valued at around C$377 million ($297 million) as the the world’s largest maker of electric-vehicle batteries continues to pursue a strong supply of a key battery-making mineral. Ningde, Fujian-based CATL will pay C$3.85 per common share of Millennial, payable in cash, according to a statement Tuesday. That represents a premium of about 29% over Millennial’s 20-day average closing price in Vancouver trading, according to the statement. Bloomberg originally reported that CATL was the mysterious bidder for Vancouver-based Millennial, trumping a C$353 million offer by Ganfeng Lithium Co. made in July....
New molten salt battery for grid-scale storage runs at low temp and cost
As renewable forms of power like wind and solar continue to gain prominence, there will be a need for creative solutions when it comes to storing energy from sources that are intermittent by nature. One potential solution is known as a molten salt battery, which offers advantages that lithium batteries do not, but have their share of kinks to iron out, too. Scientists at Sandia National Laboratories have come up with a new design that addresses a number of these shortcomings, and demonstrated a working molten salt battery that can be constructed far more cheaply, while storing more...
Chinese giant CATL launches a commercial salt-based battery for EVs
A cheap and abundant material like salt might have plenty to offer the world of science, and one field where it could have game-changing effects is battery chemistry. Leveraging salt could help us avoid much of the cost and difficulty in sourcing scarcer lithium, and Chinese giant CATL is looking to lead the charge by launching its first commercial sodium-ion battery. Like lithium batteries that power smartphones, laptops and much of the modern world, sodium batteries also shuttle ions between two electrodes as the device is charged and discharged. But sodium ions present a few problems that lithium ions don't....
This New Molten Salt Battery Design Operates At Much Lower Temperatures
Sandia National Laboratories' new molten sodium battery for grid-scale storage is cheaper and operates at lower temperatures. There is a growing need for creative solutions for storing excess renewable power from sources that are intermittent by nature, like wind and solar. Molten salt batteries (commercially known as sodium-sulfur batteries) are one potential solution already in use. They offer advantages that lithium-ion batteries don’t, albeit having a few cons of their own. For one, they typically operate at a high 520 to 660°F (270 to 350°C). But now, scientists at Sandia National Laboratories made a new design, rethinking the battery’s chemistry altogether to get...
New CO2 battery will make wind and solar dispatchable 'at an unprecedented low price'
Milan-based Energy Dome’s power-storage system promises highest round-trip efficiency yet for long-duration energy storage, CEO Claudio Spadacini tells Recharge Italian start-up Energy Dome says that its new long-duration “CO2 battery” system, which only uses off-the-shelf equipment will achieve a levelised cost of storage (LCOS) of $50-60/MWh in the next few years. That would be more than twice as low as the LCOS of lithium-ion batteries — $132-245/MWh, according to Lazard — and almost twice as cheap as current long-duration storage market leader Highview Power’s CRYObattery ($100/MWh, according to a 2019 interview with Recharge). Chief executive Claudio Spadacini tells Recharge that Energy Dome's thermodynamic liquid-CO2 system...
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