Bosch announces stake in Ceres Power Holdings to develop solid oxide fuel cells
The Germany-based automotive supplier, Bosch, has announced it is set to hold a 4% stake in Britain’s Ceres Power Holdings in a bid to develop the next generation of solid oxide fuel cells, Reuters reports.
The stake which is valued at approximately £7.7mn ($9.82mn) will see Bosch become one of the group’s top shareholders.
In a statement, Bosch board member Stefan Hartung, said: “Bosch believes that the highly efficient fuel cell, with its very low emissions, has an important role to play in energy systems’ security of supply and flexibility.”
Bosch confirmed that solid oxide fuel cells could be utilised to meet a growing electricity demand in metropolitan areas, however, it is believed that large power stations alone wouldn’t be able to meet the higher consumption needs.
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Phil Caldwell, the CEO of Ceres Power, stated in a press release: “The vision for our partnership with Bosch is to set a new industry standard for solid-oxide fuel cells, leading to widespread adoption in distributed power supplies.”
“By combining Ceres’ unique Steel Cell technology with Bosch’s engineering, manufacturing, and supply chain strength we will establish a strong partnership that can make our technology even more competitive and prepare it for potential mass production.”
The firm also revealed that the ambition was to create solid oxide fuel cells that hold the capacity to generate 10 kilowatt of electricity, with nuclear power stations generally having the ability of around 1 gigawatt.
Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing
Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing
What is Ultium Cells LLC?
Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”
Who is Li-Cycle?
Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.
As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”
Why are Ultium Cells LLC and Li-Cycle join forces?
By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.
“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).
"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.
"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.
Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.
"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.