This Week in Batteries: GM, Form Energy, Rio Tinto, and More.

This Week in Batteries: GM, Form Energy, Rio Tinto, and More.

  • General Motors to retire “Ultium” branding, moving from NMC pouch cells to include LFP and prismatic formats (Link )
  • Form Energy raises $405M Series F round, bringing its total funding raised to more than $1.2B (Link )
  • Rio Tinto to acquire Arcadium Lithium in $6.7B deal (Link )


  • Northvolt seeks to sell redundant battery materials to raise cash (Link )
  • Clarios and Altris aim to commercialize low-voltage, sodium-ion (Na-ion) automotive batteries by 2026 (Link )
  • Sepion secures $17.5MM to build advanced separator manufacturing facility in West Sacramento (Link )
  • Anaphite raises $13.7MM to scale dry coating technology (Link )
  • Northvolt subsidiary “Ett Expansion AB” unit files for bankruptcy after project pulled (Link )


  • Hyundai Georgia plant starts IONIQ 5 production (Link )
  • Nissan is launching onboard bi-directional V2G charging on selected EVs from 2026 (Link )
  • Tesla unveiled its long-anticipated robotaxi, production tentatively planned for 2026 (Link )
  • General Motors launches a competitor to Tesla’s Powerwall (Link )
  • Monolith partners with NIO to develop AI-driven anomaly detection for EV batteries (Link )


  • Adionics opens lithium demonstration plant in Argentina (Link )
  • Atlantic Lithium secures final permit to build Ghana mine (Link )
  • US Strategic Metals and Stillwater Critical Minerals have entered into a MOU that includes lobbying collaboration to the US government, metallurgical and mineral processing development, offtake and logistics, and potential strategic financing (Link )


  • Chugach Electric commissions 80MWh Tesla Megapack BESS (Link )
  • SSE Renewables begins construction of 640MWh BESS in the UK (Link )
  • Fluence to supply 16MW/58MWh of BESS to Statkraft for Project Zerbst (Link )
  • Giga Storage contracts Sweco to design 2.8GWh Belgium BESS (Link )
  • Tesla revealed as only AAA-Rated supplier in new Battery StorageTech bankability report (Link )


  • Birla Carbon to build a $1B synthetic graphite facility in South Carolina, initial phase to produce 25 kilotons each year (Link )
  • NOVONIX and ICoNiChem enter into collaboration agreement focused on sustainable CAM (Link )
  • NOVONIX to integrate Voltaiq's advanced analytics platform into NOVONIX's battery materials development programs (Link )
  • Integrals Power says LMFP battery technology breakthrough could increase EV range by 20% (Link )


  • Hyundai Motor plans to use proceeds from a record $3.3B IPO of its Indian unit to enhance its research efforts and develop new cars (Link )
  • Spain grants $146MM subsidy to Stellantis for potential EV battery plant (Link )
  • Sylvatex (SVX) secures $1.4MM ARPA-E funding to innovate domestically produced, cost-advantaged LFP (Link )
  • Wisconsin utilities to acquire Invenergy hybrid BESS projects as part of US$1.9B renewables investment (Link )
  • Lithios secures $12MM to scale its DLE technology (Link )
  • Canada invests $10MM in Ontario infrastructure to support critical minerals projects (Link )


  • UK confirms cap-and-floor mechanism for LDES from 2025 (Link )
  • Zimbabwe plans incentives to encourage mineral processing (Link )




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Volta Foundation is the world’s largest professional network for the battery industry. As a global not-for-profit association of more than 50,000+ battery professionals and 160+ member companies, Volta Foundation produces publications, networking opportunities, and industry resources to foster collaboration, innovation and advocacy within the battery industry. Learn more at https://volta.foundation/ .

Gerald Schultz

Owner, The FPI Consortium, Inc.

1 个月
Dana Bubonovich

Director of Marketing & Communications @ Volta Foundation | Communications, Brand and Digital Marketing Expert | Certified Chief of Staff?

1 个月

Great to see the news from Anaphite, NOVONIX, Sepion Technologies, Nissan Motor Corporation, Monolith, Fluence, Northvolt, Tesla and other Member Companies in This Week in Batteries!

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