Leading Edge Materials Corp. or is pleased to announce the partnering with Northvolt AB as a part of an innovation project agreement with InnoEnergy for the establishment of a Large Scale Battery Manufacturing Project in Sweden.
The aim of the project is that LEM will contribute to the production of battery cells through qualification of sustainably produced natural graphite.
The project is focused on developing the conditions for a local source, very low CO2 impact and leading cost structure for battery cell manufacturing.
Blair Way, President and CEO, stated “This is an exciting time for the lithium ion battery market and we are very pleased to be a part of such an important project in the EU. The demand for lithium ion batteries is forecast to be strong as the world shifts to low emission transport and storage options. It is an excellent opportunity to participate in a program such as this to demonstrate our ability to be an important part of the supply chain for large scale lithium ion battery manufacturing.”
On behalf of the Board,
Blair Way, President & CEO
About Leading Edge Materials
Leading Edge Materials was formed with our sights firmly focused on the material demands of a once-in-a-generation revolution, as the world shifts to the efficient production, storage and preservation of low carbon energy. From the lithium batteries in our electric vehicles to our ability to generate energy from the sun, wind and waves LEM is focused on the green energy markets. With a focus on Europe and assets in innovation-rich Scandinavia, Leading Edge Materials is ideally placed to play a pivotal role in the sustainable supply of critical technology materials.
Electrification and renewable energy storage are the keys to a carbon neutral society. Batteries will enable the transition. The auto industry alone will need batteries in huge numbers to replace fossil fuels with electricity. The ability to store energy is also crucial to free the world’s energy generation and distribution from coal, oil and natural gas. Northvolt accelerates this transition by building Europe’s largest battery factory.
InnoEnergy is the innovation engine for sustainable energy across Europe. They support and invest in innovation at every stage of the journey – from classroom to end-customer. With their network of over 320 partners they build connections across Europe, bringing together inventors and industry, graduates and employers, researchers and entrepreneurs, businesses and markets. Working together, they accelerate the development of market-ready solutions, and create a fertile environment in which they can sell the innovative results of their work.