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Trillions in Green Energy Investment Needed to Achieve Net Zero Goals




Issued on behalf of Battery X Metals Inc.

VANCOUVER – USA News Group News Commentary – A recent report from the World Economic Forum cautions that while global governments are accelerating the shift to clean energy, increasing demand and a constrained supply of critical materials could hinder progress. The International Energy Agency supports this view, emphasizing the need for expanded international trade in essential resources, along with a rapid scale-up of solar, battery, and other green technologies by 2035 to meet net-zero emissions by 2050. Wood Mackenzie analysts estimate that achieving these targets will require $3.5 trillion in annual green energy investments. Efforts to support this transition are advancing, driven by innovation in battery technology, electric vehicles (EVs), and the growing energy needs of AI data centers, with recent developments from companies like: Battery X Metals, Inc. (CSE: BATX) (OTCQB: BATXF), Plug Power Inc. (NASDAQ: PLUG), Enovix Corporation (NASDAQ: ENVX), Solid power, Inc. (NASDAQ: SLDP), and Ford Motor Company (NYSE: F).

The article continued: BloombergNEF reports that the mining industry will require $2.1 trillion in new investment by 2050 to satisfy raw material needs for net-zero goals. In early October, the U.S. Department of Energy (DOE) unveiled a $1.5 billion funding initiative to support four key transmission projects.

Battery X Metals Announces Advancements in Eco-Friendly Lithium-ion Battery Material Recovery Technology with Global Top 20 University Partnership

Battery X Metals, Inc. (CSE: BATX) (OTCQB: BATXF), a clean energy technology and exploration company, focused on developing proprietary technologies to extend the lifespan of electric vehicle (EV) batteries, recover battery-grade materials from end-of-life lithium-ion batteries, and exploring battery and critical metal resources, recently announced significant advancements by its wholly-owned subsidiary, Battery X Recycling Technologies Inc., in developing sustainable technology for recovering battery-grade materials from end-of-life lithium-ion batteries. These advancements are in collaboration with a Global Top 20 University as part of an ongoing research partnership.

The partnership has led to promising results in optimizing battery-grade graphite recovery from lithium-ion battery black mass using Battery X’s proprietary froth flotation process. These trials have been instrumental in refining the technology to recover battery-grade materials such as graphite, lithium, nickel, and cobalt from black mass, advancing both technological development and process design.

“Our progress in developing proprietary eco-friendly technology is a significant step forward in sustainable battery recycling, particularly by addressing graphite recovery, which is often overlooked in conventional methods,” said Massimo Bellini Bressi, CEO of Battery X Metals. “The positive preliminary results from our collaboration with a Global Top 20 University highlights our potential to meet the increasing demand for battery materials in a sustainable way. We look forward to advancing this partnership, validating our technology, applying for provisional patents, and ultimately exploring strategic opportunities to license our technology to industry partners.”

In controlled laboratory tests, the Global Top 20 University conducted multiple experiments to optimize black mass flotation in a Denver Cell with a 500g sample size for each experiment, assessing various frother and collector dosages across single- and multi-stage flotation protocols. Initial single-stage tests focused on frother-only trials to stabilize bubbles, followed by adding a collector to enhance graphite’s hydrophobicity. The frother-alone trials produced dark froth that lightened over time, while the addition of a collector created a more stable, thicker froth, extending flotation duration and enhancing graphite separation.

Multi-stage flotation protocols with adjusted frother and collector dosages further refined the separation process. Multi-stage flotation showed that each stage’s froth thinned and lightened over time, with flotation effectively concluding more rapidly.

Preliminary assays confirmed that the black mass sample used in the experiments consisted of approximately 45% graphite, with oxides and phosphates comprising the remainder. Initial separation tests successfully floated approximately 45% of the black mass sample (mainly graphite), while oxides and phosphates remained in the tailings, underscoring the efficiency of the flotation process in isolating battery-grade graphite, a fundamental component to lithium-ion anodes. These promising results serve as a baseline for validating the recovery technology.

Battery X and the Global Top 20 University have made strides in process design through lab-scale trials, demonstrating that multi-stage flotation achieves more efficient material separation than single-stage methods. Trials incorporated varied reagent dosages to stabilize froth formation, maximize graphite yield, and manage oxide and phosphate separation in specific stages. Ongoing R&D efforts focus on consistent trial results that align with industry metrics, providing a solid foundation for future potential scalability.

Battery X and the Global Top 20 University intend to conduct comprehensive chemical assays to quantify graphite recovery rates, assess material purity, and verify oxide and phosphate separation.

With the current black mass sample primarily oxide-based, the next phase will focus on validating oxide and phosphate recovery, testing additional surfactants in dedicated flotation stages for future patent applications and commercial use.

To further support this phase, Battery X plans to provide the Global Top 20 University with phosphate-based black mass samples to test in tandem with its existing oxide-based sample. Upon successful validation Battery X and the Global Top 20 University plan to pursue provisional patents to secure IP for these advancements, with the Battery X’s future business strategy centered on licensing this IP to battery recyclers with existing infrastructure, aiming to establish itself as a downstream technology partner with a low-capex, scalable model.

CONTINUED… Read this and more news for Battery X Metals at https://usanewsgroup.com/2024/10/26/seize-visionary-opportunities-in-ev-battery-recycling-and-lifespan-extension-technology/

Other recent industry developments and happenings in the market include:

Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, recently announced it signed a binding agreement with Allied Green Ammonia (AGA) to supply three gigawatts (GW) of electrolyzer capacity for a major green ammonia plant in Australia. Set to be one of the world’s largest, the facility on the Gove Peninsula will produce about 2,700 metric tons of green ammonia daily for Asian and European markets, with deliveries of Plug Power’s system expected by late 2026 or early 2027.

“Our extensive experience in constructing and operating large-scale hydrogen facilities, combined with our cutting-edge PEM electrolyzer technology, positions us as the ideal partner for this transformative 3 GW project,” said Andy Marsh, CEO of Plug Power. “Together, we are paving the way for a more sustainable future in green ammonia production, while supporting the global transition to net-zero emissions.”

Enovix Corporation (NASDAQ: ENVX), a global high-performance battery company, recently announced that it commenced shipping EX-1M battery cell samples from its new Agility Line in Malaysia. Enovix has hit a key milestone, shipping initial samples from its California facility and opening a high-volume production site in Malaysia this summer. Enovix also secured UN38.3 safety certification for lithium-ion cells now shipping, meeting strict international standards. With samples shipped by Q3 2024, high-volume production is set to begin in 2025.

“I’m incredibly proud of our team in Malaysia for achieving this major production milestone so soon after the facility’s opening,” said Ajay Marathe, COO of Enovix. “This success with the Agility line is an encouraging early indicator as we prepare for the high-volume line, which is on track for Site Acceptance Testing (SAT) completion.”

Solid power, Inc. (NASDAQ: SLDP), a leader in solid-state battery tech, was recently selected by the U.S. Department of Energy (DOE) for up to $50 million in funding under the Bipartisan Infrastructure Law. This funding will support its new continuous manufacturing process for sulfide-based solid electrolytes at its expanded Colorado facility. Production is set to rise from 30 to 140 metric tons annually by 2028, helping meet demand as customers shift from lithium-ion to advanced all-solid-state batteries. This new process is expected to improve battery performance while significantly reducing production costs.

“We view our selection for funding by the [DOE] as validation of the promise sulfide-based all-solid-state batteries hold,” said John Van Scoter, President and CEO of Solid Power. “By adopting a continuous manufacturing process for our electrolyte, we expect to be able to meet anticipated near-term demand and set Solid Power up to become the leading global producer of sulfide-based solid electrolyte.”

Ford Motor Company (NYSE: F), through its commercial division Ford Pro™, recently launched new digital tools for enterprises to help integrate electric vans and trucks into fleets in a way that best meets business objectives. Among the new tools now available is E-Switch Assist, which helps business and government customers determine if they’re ready to add electric vans and trucks to their fleet, and can help identify which areas in the fleet are ideal for switching.

“Smart tools informed by data like E-Switch Assist are opening up many new conversations with our commercial customers large and small about EV readiness; we’re already using E-Switch Assist regularly in consultations to help organizations determine if electric trucks and vans are right for them,” said Nathan McDonald, EV Strategy and Brand Manager at Ford Pro. The importance of these tools and technologies goes beyond selling a customer a new vehicle—it changes mindsets about whether electric vehicles will work for their business while potentially saving them time and money.

Source: https://usanewsgroup.com/2024/09/26/profitable-solutions-in-ev-battery-recycling-and-lifespan-extension-technology/

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