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Volkswagen-backed Northvolt to develop wood-based batteries for EVs

admin by admin
July 22, 2022
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Volkswagen-backed Northvolt to develop wood-based batteries for EVs
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This 2007 image shows logs and wood chips outside the Stora Enso paper mill in Finland. The company states that it is “one of the largest private forest owners in the world.”

Sae Yamamoto Planket | Bloomberg | Getty Images

Northvolt Stora Enso Develop batteries that incorporate components manufactured using wood procured from Scandinavian forests.

A collaborative development agreement between the two companies is expected to help manufacture batteries containing anodes made from what is called lignin-based hard carbon. The anode, along with the cathode and electrolytes, is an important part of the battery.

In a statement on Friday, electric vehicle battery makers Northvolt and Stora Enso specialize in packaging and paper products, describing lignin as “a plant-derived polymer found in the cell walls of plants in drylands.” did. According to both companies, the tree is made up of 20% to 30% lignin and acts as a binder.

“The purpose is to develop the world’s first industrialized battery. [an] The anode is entirely sourced from European raw materials. ”

Breaking down the plan, Stora Enso supplies Lignode, a lignin-based anode material. Northvolt focuses on cell design, manufacturing process development, and technology scaling.

The two companies said the lignodes came from “sustainably managed forests.” Stora Enso states that he is “one of the largest private forest owners in the world.”

Johanna Hagelberg, Executive Vice President of Biomaterials at Stora Enso, said lignin-based hard carbon “ensures a strategic supply of European anode raw materials” and “sustainable batteries needed for applications from mobility to stationary energy storage.” I said it would be useful.

Read more about CNBC Pro electric cars

Attempts to develop battery materials from a variety of sources occur when major European economies are planning to move away from road-based vehicles that use diesel and gasoline.

The UK wants to stop selling new diesel and petrol vehicles and vans by 2030. After 2035, tailpipe emissions for all new cars and vans should be zero. European Union withdrawal from Britain on January 31, 2020 — We are pursuing similar goals.

As the number of electric vehicles on our roads grows, battery supply will become increasingly important and competitive gear in the automotive sector.

CEO earlier this year Volvo Cars Battery supply to CNBC “It will be one of the shortages in the next few years.”

Sweden-based Northvolt recently announced that its first giga factory, Northvolt Ett, has begun commercial delivery to European customers. The company says it has over $ 55 billion in contracts with companies such as Volvo Cars. BMWWhen Volkswagen..

Giga Factory is a facility that produces batteries for electric vehicles on a large scale. Tesla CEO Elon Musk is widely accepted as a coined term for this term.

Northvolt recently announced $ 1.1 billion in fundingA variety of investors, including Volkswagen and Goldman Sachs Asset Management, are participating in the financing.

According to the International Energy Agency, sales of electric vehicles reached 6.6 million units in 2021. In the first quarter of 2022, EV sales reached 2 million units, an increase of 75% compared to the first three months of 2021.

Tags: Alternative and sustainable energybatteriesBayerische Motoren Werke AGBusiness newsclimatedevelopElectric carenergyenvironmentEVsFinlandInc.NorthvoltRenewable energyStora Enso OyjSwedenTeslaTransportationVolkswagen AGVolkswagenbackedVolvo Car ABwoodbasedwork
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