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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

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Li-Cycle Holdings Corp. The conditional commitment follows DOE technical, market, financial and legal due diligence and marks another significant milestone endorsing Li-Cycle’s development of the first commercial hydrometallurgical resource recovery facility in North America, located near Rochester, New York.

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Johnson Controls files petition to dissolve Li-ion battery JV with Saft

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JCI) has filed a petition with the Delaware Court of Chancery to dissolve Johnson Controls-Saft Advanced Power Solutions LLC (JCS), the automotive Li-ion battery joint venture between Johnson Controls and Saft. Neither Johnson Controls-Saft, nor any of its subsidiaries, are an active party to the legal action. Earlier post.)

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Johnson Controls and Saft reach agreement to end Johnson Controls-Saft Li-ion automotive battery joint venture

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and Saft have reached an agreement to end their joint venture, Johnson Controls-Saft, which was formed in 2006 to develop and manufacture Li-ion vehicle batteries. The parties’ agreement to end their relationship will also terminate all legal proceedings between the companies. Johnson Controls, Inc., Earlier post.).

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Li-ion manufacturer Ener1 files pre-packaged Chapter 11 bankruptcy

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Li-ion manufacturer Ener1, Inc. None of Ener1’s foreign or domestic subsidiaries has initiated reorganization cases, and are not expected to be adversely impacted by the legal proceedings. Ener1’s legal advisor is Reed Smith LLP and its financial advisor is Houlihan Lokey Capital, Inc.

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Johnson Controls showing new prismatic automotive Li-ion cells and sub-modules at Geneva Motor Show; planning sub-module production in 2014

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Johnson Controls will showcase its next-generation low-profile prismatic automotive lithium-ion cells and sub-modules at the upcoming Geneva Motor Show. Under the terms of the agreement, which also ended the legal actions between the two, Johnson Controls acquired Saft’s share of the JV for $145 million in cash. Earlier post.).

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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

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Founded in 2011, Sila Nano is a developer of new battery materials which outperform existing lithium-ion technologies. Sila Nano’s chemistry demonstrates a 20% improvement today, with the potential to reach 40% improvement over state-of-the-art traditional li-ion.

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Blackstone Battery production capacity to increase tenfold

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Blackstone Resources AG announced that its German subsidiary Blackstone Technology GmbH will increase its battery production capacity tenfold to 500 MWh per annum by 2022 for Li-ion batteries, which contain 3D-printed battery electrodes, at Blackstone’s Döbeln site in Saxony.

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