Xiamen Tungsten New Energy Kicks Off $3.15 Billion Cathode Material Precursor Project in France with Orano PCAM

[SMM Hydrogen Energy News: World's First 5 MW AEM Hydrogen Production System Commissioned, Intelli Provides Core Rectification Equipment] Recently, the world's first 5 MW anion exchange membrane (AEM) water electrolysis hydrogen production system completed installation and commenced commissioning, marking the official entry of megawatt-scale AEM technology into the industrial application stage. The project innovatively established an integrated "PV—AEM hydrogen production—blast furnace hydrogen-rich smelting" system. The green hydrogen produced will be used for hydrogen-rich injection in the steel group's blast furnaces, facilitating coal reduction and carbon reduction goals. The core rectification equipment for the system was provided by Hubei Intelli Electric, configured with 5 sets of IGBT rectifier power supplies, featuring advantages such as high power factor, low harmonics, and fast response. It can precisely match large power AEM electrolysis cells, providing reliable power supply assurance for stable system operation.

POSCO Future M said on May 6 that it has been included in the Dow Jones Best-in-Class World Index, becoming the first Korean battery materials company to do so. DJBIC is a sustainability index published annually by S&P Global, evaluating companies based on financial performance and ESG standards. The inclusion places POSCO Future M among the top 10% of companies globally in ESG performance, signaling international recognition of its sustainability competitiveness.

POSCO Future M recently signed an exclusive development agreement with a Japanese automaker for cathode materials used in all-solid-state batteries, according to industry sources on May 5. Under the deal, POSCO Future M will exclusively develop and supply cathode materials for the automaker’s all-solid-state battery project. The partner is reportedly a mid-sized carmaker. This marks the first case in which a Japanese automaker has designated a Korean materials company as the sole supplier of cathode materials for all-solid-state batteries.