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Vianode invests $ 194 million in a sustainable battery factory

Norwegian company Vianode has announced that it will invest NOK 2 billion (BRL 1 equals NOK 2.03) in building a large-scale factory of sustainable battery materials in the country.

In a statement, Vianode said: “The decision is an important step towards creating a complete battery value chain in Norway for the European market.”

It is estimated that the plant will be able to produce anodic graphite for around 20,000 electric vehicles (EVs) per year by 2024.

In addition, Vianode also plans to build a second-phase factory capable of supplying materials for two million electric vehicles per year by 2030.

“Vianode’s graphite materials are produced with CO¬≤ emissions up to 90% lower than today’s standard materials.”

Norway, a major oil and gas producer, aims to diversify its industrial base, including by leveraging its access to minerals, metals and rare earths that are key to Europe’s sustainable battery production plans.

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After the addition of the 71 new renewable energy projects, Amazon has a total of 379 projects under development. The goal is to generate 50,000 gigawatt hours (GWh) of clean energy from the entire portfolio, the equivalent of powering 4.6 million homes in the United States each year.

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Through: Reuters

The post Vianode invests $ 194 million in a sustainable battery factory first appeared on Olhar Digital.

Source: Olhar Digital



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