[Energy Storage: CALB's Three Energy Storage Battery Projects Approved]

On June 18, GEM disclosed that its main business growth drivers include focusing on core businesses such as key metal recycling and extraction, power lithium battery recycling, and new energy material core manufacturing. In the ternary precursor business, the company focuses on expanding the high-end product market. Regarding ternary cathode materials, the company focuses on high-profit segments such as small power applications, planning shipments to exceed 35,000 tons in 2026 and 60,000 tons in 2028. At the same time, the company is actively positioning itself in next-generation battery material technologies. High-nickel, ultra-high-nickel ternary cathode materials, and lithium-rich manganese-based cathode materials are considered the mainstream research directions for future solid-state batteries. The company has teamed up with Ningbo Eastern University of Technology and the academician team of Sun Xueliang to promote the industrialization of related technologies.

N.A.N. GreenMet, in partnership with Silox Group, has established a 50:50 joint venture to build an advanced lithium-ion battery recycling and critical minerals recovery platform in India. The joint venture, named NAN Silox GreenMet Pvt. Ltd., plans to construct an industrial-scale processing facility in Andhra Pradesh. The plant will treat end-of-life batteries through shredding, beneficiation, and hydrometallurgical refining, enabling the recovery of key metals such as lithium, cobalt, nickel, and manganese, thereby reducing India’s reliance on imported battery-grade raw materials and establishing a domestic circular supply chain. The project will be developed in two phases, ultimately targeting a capacity of 40,000 tonnes per annum of battery shredding and 20,000 tonnes per annum of hydrometallurgical processing. Beyond recycling, the joint venture will also explore downstream value creation, including the production of cathode active materials (pCAM, CAM) and second-life applications of batteries for energy storage.

Farasis Energy recently signed a strategic cooperation agreement with German energy technology company WLF Energy. Under the agreement, the two parties will jointly formulate technology and product roadmaps and co-develop next-generation battery technology and energy storage products for the utility, commercial and industrial, and distributed energy storage markets.