Magnis Energy Technologies inks new sales deal for planned New York Li-ion battery cells plant
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Artistic impression of the planned Townsville battery plant in Australia. Image: Magnis
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Australia-based Magnis Energy Technologies has signed a $74m (£53m) four-year sales agreement with a US government supplier for lithium-ion battery cells to be produced at its majority-owned plant in New York.
Magnis directly and indirectly owns 50.86% of iM3NY. Other shareholders in the Imperium3 consortium are C4V LLC New York and Boston Energy and Innovation.
The plant is being built with Danish engineering company Ramboll and orders to date are for battery cells largely used in energy storage systems and transport applications.
Customisation work is set to start at the plant later this month, including the placement of production equipment into their permanent locations, Magnis said.
Chairman Frank Poullas said: "We are encouraged by the progress at the plant, which remains on track for semi-automated production this year.”
In addition to the New York site, Magnis has a 33.3% stake, with other Imperium3 investors, in an 18 GWh lithium-ion battery cells plant planned for Townsville, in Queensland, Australia.
Magnis also holds the Nachu Graphite Project in Tanzania – which the company said is one of the largest mineral resources of large flake graphite in the world.
Magnis has produced a 99.99% purity coated spherical graphite anode product from Nachu graphite using existing commercial scale technology and facilities in North America.
Magnis said the deal takes total minimum binding sales agreements to $729m for the planned 15 GWh iM3NY (Imperium) battery plant in Endicott, which the company said is nearly 18% complete.
Magnis directly and indirectly owns 50.86% of iM3NY. Other shareholders in the Imperium3 consortium are C4V LLC New York and Boston Energy and Innovation.
'Progress on track'
The plant is being built with Danish engineering company Ramboll and orders to date are for battery cells largely used in energy storage systems and transport applications.
Customisation work is set to start at the plant later this month, including the placement of production equipment into their permanent locations, Magnis said.
Chairman Frank Poullas said: "We are encouraged by the progress at the plant, which remains on track for semi-automated production this year.”
In addition to the New York site, Magnis has a 33.3% stake, with other Imperium3 investors, in an 18 GWh lithium-ion battery cells plant planned for Townsville, in Queensland, Australia.
Anode production
Magnis also holds the Nachu Graphite Project in Tanzania – which the company said is one of the largest mineral resources of large flake graphite in the world.
Magnis has produced a 99.99% purity coated spherical graphite anode product from Nachu graphite using existing commercial scale technology and facilities in North America.
The company said the production of the anode product did not require any chemical purification phase with acid treatment (HCl/HF) and the anode product also delivered "outstanding battery cell test results, with favourable performance across key criteria relative to leading Chinese natural and synthetic graphite anodes”.
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