NEO Battery Materials Ltd. (TSXV:NBM; OTCQB: NBMFF) is positioning itself as a low-cost, high-performance silicon anode material supplier for EV lithium-ion batteries. The company’s patented technology, called NBMSiDE®, offers cost-effective, longer-running and ultra-fast-charging batteries compared to existing state-of-the-art graphite anode materials. NBM is aiming to achieve the 1,000-mile battery for EVs using its silicon anode materials.
NBM claims NBMSiDE® could manage and resolve the volume expansion problem by coating the silicon particles with mechanically durable nanomaterials such as elastic polymers and carbon nanotubes. There are currently eight patents issued and pending for this technology across various jurisdictions.
Key Technology: NBMSiDE®
NBMSiDE® is paving the way for cost-effective, longer-running and ultra-fast-charging batteries, which can drive down the EV costs and ultimately increase EV adoption. The company aims to achieve the 1,000-mile battery for EVs using its silicon anode materials.
Company Highlights
NEO Battery Materials is a Canada-based battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles (EV), electronics and energy storage systems.
The company’s patented technology, called NBMSiDE®, offers cost-effective, longer-running and ultra-fast-charging batteries compared to existing state-of-the-art graphite anode materials. NBM is aiming to achieve the 1,000-mile battery for EVs using its silicon anode materials.
NBM is positioning itself as a low-cost, high-performance silicon anode material supplier for EV lithium-ion batteries. NBM’s ability to manufacture silicon anode materials economically and efficiently is a vital point of differentiation from existing competitors.
NEO Battery Materials has signed more than 60 NDAs with global-tier companies, including battery cell manufacturers, EV automakers, electronics manufacturers and high-profile battery supply chain companies. With these parties, NBM is conducting more than 20 active material evaluations to strike milestone joint development, collaboration and offtake agreements.
The company is planning to construct commercial plants both in Canada and South Korea to manufacture NBMSiDE®. Further, NBM is aiming to build additional plants in the U.S. and Europe to establish itself as a global top 10 silicon anode supplier in the EV battery industry.
This Neo Battery Materials profile is part of a paid investor education campaign.*
NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to appoint Mr. Ricky Lee, a renowned battery industry pioneer, as the Lead Managerial Advisor. Mr. Ricky Lee is a 35-year battery and energy industry executive with substantial experience with battery material and cell design, mass-production technology, and equipment & process development at globally distinguished companies.
Throughout his career, Mr. Lee has served as the Senior Vice President and Chief of Process Engineering at several global Korean and Chinese battery cell manufacturers, including Samsung SDI (the 5 th largest battery manufacturer), SK Innovation (the 6 th largest battery manufacturer), and A123 Systems (one of the U.S.'s first LFP battery companies). He has also served as the Chief Executive Officer of international companies and was a member of the National Research Review Committee and the WPM Operations Committee.
During his tenure at SK Innovation (currently SK On), he was the Vice President of the R&D Center and successfully launched large pouch cells for HEV, PHEV, and EVs in the U.S., Europe, and South Korea. Later, appointed as SK's battery factory manager, Mr. Lee improved the defect rate and productivity to achieve quality control of >99% per unit process. He was awarded by the South Korean Ministry of Trade, Industry, and Energy for enabling an industry-leading mass-production capability.
At Samsung SDI, Mr. Lee was one of the first engineers to initiate large-scale battery cell production. Developing Samsung's first lithium-polymer battery, he led the R&D of polymer cylindrical and prismatic cells and headed the productivity improvement team to enhance profitability, process efficiency, and overall workflow. Previously at Samsung, Mr. Lee was a key developer of high-capacity nickel-zinc batteries that achieved a 200 KM driving range for Hyundai. In the mid-1990s, he pioneered the development of polymer-based solid-state batteries for lithium-ion applications.
Mr. Spencer Huh, President and CEO of NEO, commented, "We are incredibly excited to have Mr. Ricky Lee join as the Lead Managerial Advisor. Creating one of Korea's first lithium-ion batteries to maximizing cell production efficiency, Mr. Lee's invaluable expertise and advice will enhance NEO's silicon anode development direction. We will also tap into Mr. Lee's expansive network further to support our commercial relationships in the battery supply chain."
About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: https://www.neobatterymaterials.com/ .
On Behalf of the Board of Directors Spencer Sung Bum Huh Director, President, and CEO
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of technologies which have not yet been tested or proven on a commercial scale, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.com . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the appointment of Dr. Dongmok Whang, NEO's Lead Scientific Advisor, as a new Director of the Company.
Dr. Whang commented, "It is a great pleasure to be more deeply involved with the Company that is at the forefront of revolutionizing battery technology. Only three years into R&D, NEO's pace of performance optimization has been outstanding, considering that battery materials development is a tedious, taxing process. We will prioritize testing existing products into larger cell formats with graphite anode blends, and this next-stage optimization effort will be decisive for commercialization. Overall, I am enthusiastic about the work being completed and what I can contribute more towards NEO's go-to-market strategy."
From joining NEO's Scientific Advisory Board in 2021 to being appointed Lead Scientific Advisor last August, Dr. Dongmok Whang has been appointed as a new director of the Company. Dr. Whang is a distinguished scholar specializing in various advanced functional nanomaterials with wide-ranging applications, including high-energy-density electrode materials and solid-state electrolytes for secondary rechargeable batteries. With a prolific academic portfolio, he has published around 200 scholarly papers and over 80 patents. His influential research has garnered over 15,000 citations, underscoring the significant impact of his work on the field. He is a Professor at the School of Advanced Materials Science & Engineering and Advanced Institute of Nanotechnology at Sungkyunkwan University.
Mr. Sung Rock Hwang has resigned as director and COO to pursue his personal interests and aspirations, and he remains a strong advocate of the Company and its mission. NEO would like to thank him for his contributions, and the Company wholly supports the following stages of his career.
Member Firm of Korea Battery Industry Association NEO Battery Materials is pleased to announce that it has joined the Korea Battery Industry Association (" KBIA "). With the permission of the Ministry of Science and Technology, the KBIA was established in 2021 to promote the South Korean battery industry. Headed by the President and CEO of LG Energy Solution, member firms include LG Energy Solution, Samsung SDI, SK On, Posco Future M, and Umicore. Since its inception, the association supported the rise to prominence in the international battery market and organized the world's leading battery conference, InterBattery.
About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: https://www.neobatterymaterials.com/ .
On Behalf of the Board of Directors Spencer Sung Bum Huh Director, President, and CEO
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of technologies which have not yet been tested or proven on a commercial scale, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.com . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NEO Battery Materials Ltd. (" NEO " or the " C o mpan y ") ( T S X V : NBM ) ( OTC: NBMFF ), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that it has changed its auditors from DeVisser Gray LLP (" Former Auditor ") to MNP LLP (" Successor Auditor "), effective March 19, 2024.
NEO Battery's board of directors accepted the resignation of DeVisser Gray LLP and appointed MNP LLP as the new auditor of the Company, effective March 19, 2024, until the Company's next annual general meeting of shareholders.
There were no reservations in the Former Auditor's audit reports for any financial period during which the Former Auditor was the Company's auditor. There are no "reportable events" (as the term is defined in National Instrument 51-102 – Continuous Disclosure Obligations ) between the Company and the Former Auditor.
In accordance with National Instrument 51-102, the Notice of Change of Auditor with the required letters from the Former Auditor and the Successor Auditor have been reviewed by the Company's audit committee and board of directors and is filed on SEDAR+ at www.sedarplus.ca.
About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: https://www.neobatterymaterials.com/ .
On Behalf of the Board of Directors Spencer Sung Bum Huh Director, President, and CEO
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of technologies which have not yet been tested or proven on a commercial scale, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.com . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Major Process Innovation Improves Silicon Anode Yield, Capacity, and Particle Uniformity
Achieved Pilot-Scale Capacity Expansion to 4,000 Kilograms Per Year Without Additional Equipment or Process Change
Participated in Battery Japan and InterBattery 2024 to Establish Over 100 Relationships with EV and Battery Industry Players
Widening Testing Pipeline Partners and Evaluation Scale Towards Larger Battery Capacities and Formats
Appointed Mr. Daniel Lim as Chief Financial Officer
NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to report technological advancements in NEO Battery's silicon anode production yield, capacity, and quality through its recent manufacturing innovation.
As announced on January 11, 2024 , the Company filed its 9 th patent to protect a significant process innovation in NEO's silicon anode materials, NBMSiDE ® . Direct implementation has resulted in the improvement of both NBMSiDE ® yield and quality, increasing the pilot-scale capacity to approximately 4,000 kilograms per year from several hundred kilograms based on continuous processing.
During NBMSiDE ® manufacturing, special additives effectively prevent silicon particle clustering or agglomeration by acting as an interparticle buffer layer. These layers (i) stabilize the interfacial energy between particles, (ii) reduce unnecessary particle damage during the milling process, thereby preventing excessive milling, and (iii) induce the uniform dispersion of particles in the solvents to improve manufacturing efficiency directly.
By developing similar innovations, NEO Battery Materials aims to become a leader in the silicon anode market by securing price competitiveness through increased production yield and improving particle size uniformity and product quality.
Mr. Spencer Huh, President and CEO of NEO, commented, "After the relocation and return to regular operations of the R&D Scale-Up Centre, the R&D engineering team industriously continued the analysis and formulation of the special additives. This innovation is significant as no additional equipment or process changes are required to improve NEO's One-Step Production Process. We are optimizing to minimize bottlenecks and deviations during manufacturing, increasing the yield and uniformity of NBMSiDE ® particle sizes."
Battery Conference Participation & Corporate Updates Over the past two weeks, the Company has participated in two global lithium-ion battery conferences: Battery Japan in Tokyo and InterBattery 2024 in Seoul. Key exhibiting companies include CATL, BYD, Honda Motors, Hyundai-Kia, LG Energy Solution, SK On, Samsung SDI, and Posco Holdings.
NEO Battery's management and engineering team conversed and established relationships with over 100 battery materials, cell manufacturers, automotive OEMs, and investors. For the past week, the Company has been in process to establish non-disclosure agreements and collaborations with more than 10 companies met during the conferences.
For new testing pipelines, the Company is undertaking silicon anode material evaluations with an Indian-based battery cell manufacturer and automobile OEM, as well as European- and South Korean-based global battery cell manufacturers. With existing evaluators, NEO Battery Materials is preparing to conduct additional upscaled testing with silicon-graphite anodes and full-cell testing.
Appointment of Daniel Lim as Chief Financial Officer The Company is further pleased to announce that Mr. Daniel Lim has been appointed as the Chief Financial Officer of NEO Battery Materials. Ms. Nancy Zhao has resigned from her role to pursue other interests, and the Company deeply thanks her contribution over the past six years.
Daniel Lim has extensive accounting experience in accordance with Canadian and U.S. GAAP, IFRS, and Canadian and U.S. Corporate Income Tax Act. Mr. Lim holds a Certified Public Accountant (CPA) license from Washington State. He has an excellent history of guiding corporate M&As, designing highly efficient financial systems, and optimizing business processes. Before joining the Company, Mr. Lim has accumulated experience in various industries, including the public sector, IT, manufacturing, and financial services, for over 15 years.
About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: https://www.neobatterymaterials.com/ .
On Behalf of the Board of Directors Spencer Sung Bum Huh Director, President, and CEO
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of technologies which have not yet been tested or proven on a commercial scale, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.com . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, announces that the Company has increased its ownership of the South Korean subsidiary, NEO Battery Materials Korea Co., Ltd. (" NBM Korea "), through a Share Purchase Agreement (the " Agreement ") with Automobile & PCB Inc (" A&P ").
NEO acquired 258,829 Common Shares of NBM Korea from A&P for an aggregate purchase price of $1,708,707 CAD (the " Transaction "). Preceding the Transaction, the Company directly held 776,487 Common Shares of NBM Korea, representing 60% of the issued and outstanding shares of NBM Korea, and following the closing, NEO now directly holds 1,035,316 Common Shares, representing 80% of the issued and outstanding shares of NBM Korea. The Transaction has closed on January 29, 2024.
Considering recent technological advancements and breakthroughs at the R&D Scale-Up Centre in South Korea, the Board of Directors has unanimously resolved that acquiring the Common Shares of NBM Korea was mandatory to serve the Company's best interests. Greater ownership will effectively translate into expanded proportions of short- and long-term value creation/realization and future cash flows for NEO's shareholders.
Furthermore, NBM Korea is actively discussing with several South Korean venture capital and institutional funds for further expansion and scale-up funding for the silicon anode business and value-enhancing battery technology projects. Accredited last October, NBM Korea's Innovative Growth Venture Enterprise Certification has enabled institutional investors to participate in NBM Korea's offerings due to the rigorous due diligence completed by the Ministry of SMEs and Startups of South Korea. In the long term, management intends to publicly offer or list NBM Korea's Common Shares in the South Korean stock exchange.
About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: https://www.neobatterymaterials.com/ .
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the effectiveness and feasibility of technologies which have not yet been tested or proven on a commercial scale, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.com . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Provaris Energy Ltd (Provaris, ASX.PV1) is pleased to provide an update to shareholders on the Joint Development Agreement (JDA) with Yinson Production Offshore Pte Ltd (Yinson), as announced on 1 October 2024.
Yinson has made a payment of USD 200,000 related to Technical Service Fees for Provaris’ provision of its background IP and other technical information and services for the CO2 Tank project scope of work under the JDA, which commenced in October 2024. The agreed project scope and timetable for concept design activities runs into Q1 2025 where an update will be provided in conjunction with Yinson.
Background to the JDA for new CO2 Tank design
As announced on 1 October 2024, Yinson and Provaris are jointly evaluating the technical and economic viability of adapting Provaris’ proprietary tank design for compressed hydrogen to develop innovative and cost competitive alternatives for bulk-scale storage and transport of liquid CO2. The collaboration will also assess the potential for other gases such as ammonia.
Currently, there is no ship transport of CO2 in a low pressure and temperature range suitable for long sailing distances and large cargo volumes. This collaboration aims to help develop a new CO2 Tank design solution that will address current CO2 transit and storage limitations.
The development of CO2 storage and transport infrastructure is crucial for the widespread deployment of carbon capture, which is a critical pillar in meeting global emission reduction targets. The design of bulk scale CO2 Tanks is important for maximizing the amount of CO2 that can be stored and transported in a single cargo.
Provaris is being advised by the Energy Infrastructure Group, Clarksons Norway AS.
This article includes content from Provaris Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Leveraging its long-history and reputation as a cable manufacturer, Energy Technologies’ (EGY) push to capitalize on the growing renewable energy sector through strategic global partnerships present a compelling investment opportunity.
Overview
Australia-based Energy Technologies (ASX:EGY) has a strong foothold in the manufacture and distribution of copper-insulated cables through its wholly owned subsidiary, Bambach Wires and Cables. Since its acquisition by Energy Technologies, the company has served as a cornerstone of the company’s operations. Founded in 1936, the company is the oldest cable manufacturer in Australia, and its extensive history underpins a reputation for reliability and quality. With a manufacturing facility in Rosedale, Victoria, and sales offices in New South Wales, Western Australia, and Victoria, the company provides comprehensive solutions tailored to the needs of critical sectors including infrastructure, renewable energy, defense and mining. Energy Technologies’ commitment to supporting Australian industry is reflected in its products. Over 90 percent of raw materials used for its cable products, like copper and plastic, are locally sourced.
Energy Technologies employs a balanced strategy of manufacturing and purchasing cables for sale. The company focuses its factory operations on higher-margin product lines, while lower-margin cables are sourced from strategic manufacturers located around the globe, coupled with a wholesale distribution department, which capitalises on complimentary products & services in strategic market segments. This approach enhances cash flow management and operational efficiency.
The company’s Rosedale facility is a significant upgrade in its manufacturing capabilities. Situated on 122 acres, this location provides ample space for future expansion. The plant’s high level of automation supports production efficiency, processing up to 250 tonnes of copper monthly, with room for additional capacity if demand rises.
Strategic Review of Business Operations
Energy Technologies has focused on building strong partnerships to expand its product range and market reach. A key strategy for growth is to develop alliances with larger entities to enable Bambach to scale its distribution and provide specialized products to niche markets.
One such alliance is with Gantner Instruments, a full-service photovoltaic (PV) monitoring and control supplier for utility scale PV power plants. Under the distribution agreement with Gantner, Bambach supplies the renewable energy sector with certified, specialized low-voltage cables, connectors, weather stations and DC combiner boxes. These products are essential for delivering power from solar panels to inverters, which is a critical component in renewable energy infrastructure.
According to projections, the annual spending on utility-scale solar farms in Australia will reach AU$6 billion over the next decade. This growth is segmented into three phases:
Initial surge (2024 to 2026): AU$2.5 billion to $3.5 billion annually.
Accelerated growth (2027 to 2029): AU$3.5 billion to $5 billion annually.
Mature market phase (2030-2034): AU$4.5 billion to $6 billion annually.
Another critical partnership for Energy Technologies is with Tratos Group, a leading Italian cable manufacturer. This agreement has significantly expanded Energy Technologies’ product portfolio, allowing the company to offer medium- and high-voltage cables, as well as solutions for subsea transmission lines, offshore and onshore wind turbines, and mining operations. These additions bolster the company’s ability to address the growing demand in the renewable energy and mining sectors, while also diversifying its market reach.
Manufacturing and Purchased Sales Strategy
Energy Technologies employs a dual approach to sales through a combination of manufactured and purchased products. Its factory in Rosedale focuses on high-margin, specialized cable products that cater to sectors such as renewable energy, rail road, and infrastructure.
For FY25, the company is forecasting manufactured gross margins exceeding 23 percent. To complement its manufacturing capabilities, the company also engages in purchased sales by sourcing lower-margin products from rigorously vetted suppliers throughout the globe. This approach ensures Energy Technologies can meet market demand without overextending its manufacturing resources. Purchased sales for FY25 are projected to contribute an additional AU$6.7 million to the company’s revenue.
Company Highlights
Energy Technologies produces low-, medium-, and high-voltage cables, with over 90 percent of its materials sourced locally in Australia.
The company is strategically aligned with electrification and renewable energy trends, catering to infrastructure, solar, wind and mining industries.
Key partnerships with Gantner Instruments and Tratos Group expand its product offerings for solar farms, wind turbines and subsea transmission lines.
The company’s partnerships position it as a comprehensive supplier for large-scale renewable energy projects, projected to grow to AU$6 billion annually by 2034.
Energy Technologies (ASX:EGY)CEO Nick Cousins shared that the company is refocusing its business strategy, focusing on the burgeoning renewable energy sector in Australia.
"We're looking at what is essentially a new business," said Cousins in an interview with the Investing News Network, highlighting the fundamental shift to capitalise on tailwinds supporting renewable energy initiatives.
Disclaimer: This interview is sponsored by Energy Technologies (ASX:EGY). This interview provides information which was sourced by the Investing News Network (INN) and approved by Energy Technologies in order to help investors learn more about the company. Energy Technologies is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Energy Technologiesand seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Provaris (ASX:PV1), a leading innovator in the green hydrogen sector is well-positioned to be an important part of the European green hydrogen supply chain through its groundbreaking compressed hydrogen solutions. The company's proprietary tank IP and innovative ship design support its vision to develop a portfolio of integrated green hydrogen projects.
Provaris’ innovative H2Neo carrier solution offers a more efficient and cost-effective alternative to traditional methods of hydrogen storage and transport. These carriers are designed to address the growing global demand for clean energy while overcoming the logistical challenges associated with green hydrogen distribution.
Provaris is expanding its portfolio to include CO2 storage technologies, a move that aligns with the company's core competencies in gas handling and storage, while addressing the growing demand for large scale CO2 storage and transport solutions in the European market, and beyond.
Company Highlights
Provaris is a leading innovator in the green hydrogen sector, leveraging its proprietary compressed hydrogen technology to develop sustainable, clean energy supply chains across Europe.
The company combines proven technology and unique IP for cost-effective hydrogen storage and transport solutions, with a first-mover advantage through its proprietary ship design and low-cost delivery.
Provaris has established strong strategic partners across Europe, enhancing its credibility in delivering hydrogen to market
In addition to green hydrogen, the company is leveraging its tank IP for application into the established CO2 storage and shipping market.
This Provaris Energy profile is part of a paid investor education campaign.*
Provaris presents a unique and attractive investment proposition in the rapidly expanding green hydrogen sector in Europe. With its proprietary technology, strategic partnerships and integrated business model, Provaris is well-positioned to capitalize on the growing demand for clean energy solutions.
Company Highlights
Provaris is a leading innovator in the green hydrogen sector, leveraging its proprietary compressed hydrogen technology to develop sustainable, clean energy supply chains across Europe.
The company combines proven technology and unique IP for cost-effective hydrogen storage and transport solutions, with a first-mover advantage through its proprietary ship design and low-cost delivery.
Provaris has established strong strategic partners across Europe, enhancing its credibility in delivering hydrogen to market
In addition to green hydrogen, the company is leveraging its tank IP for application into the established CO2 storage and shipping market.
Overview
Provaris (ASX:PV1), a leading innovator in the green hydrogen sector, is well-placed to become integral to the European green hydrogen supply chain through its groundbreaking compressed hydrogen solutions. The company focuses on developing regional projects that span the entire value chain, from production to export, with a particular emphasis on delivering hydrogen with the highest energy efficiency and the lowest cost.
With a vision to develop a portfolio of integrated green hydrogen projects, Provaris leverages its proprietary tank IP and innovative ship design, with a focus on collaborating with world-class partners.
Compression supports the development of simple, scalable and energy-efficient green hydrogen supply chains for the European market.
Provaris stands at the forefront of the green hydrogen revolution, dedicated to developing innovative and efficient supply chains for zero-carbon energy in the European region. With its rapid adoption of green hydrogen, the European market presents a golden opportunity for Provaris. As countries across the continent seek to decarbonize their economies, the demand for sustainable energy sources has skyrocketed. Provaris’ use of compressed hydrogen technology offers a compelling solution to the logistical challenges associated with hydrogen distribution, replacing complexity with simplicity to lower the delivered cost.
Core Product: H2Neo Carrier
At the heart of Provaris’ innovative H2Neo carrier solution is its proprietary compressed hydrogen technology. The H2Neo offers a more efficient and cost-effective alternative to traditional methods of hydrogen storage and transport. These carriers are designed to address the growing global demand for hydrogen while overcoming the logistical challenges associated with green hydrogen distribution.
Key Features and Benefits
Enhanced Safety: Provaris’ compressed hydrogen technology prioritizes safety in storage and transportation.
Cost-effectiveness: By eliminating the need for complex liquefaction or ammonia synthesis processes, the company's solutions reduce overall costs.
Scalability: The technology is adaptable to various project sizes, from regional supply chains to large-scale international exports.
Environmental Sustainability: Compressed green hydrogen aligns with global efforts to reduce carbon emissions and transition to cleaner energy sources.
Recent Concept Design Study reaffirms simplicity and efficiency of compressed hydrogen enables low-cost supply for Europe.
Innovative Vessel Designs
Complementing its innovative compressed hydrogen technology, Provaris is developing new vessel designs specifically tailored for hydrogen transport. These specialized ships are engineered to safely and efficiently carry compressed hydrogen across maritime routes, opening up new possibilities for international green energy trade.
CO2 Storage and Transport
As part of its commitment to sustainable energy solutions, Provaris is expanding its portfolio to include CO2 storage technologies. This strategic move aligns with the company's core competencies in gas handling and storage, while addressing the growing demand for large scale CO2 storage and transport solutions in the European market, and beyond.
Provaris is leveraging its expertise in compressed gas handling to develop innovative CO2 solutions, through the following strategies.
Adapting Hydrogen Tank Designs: The company is modifying its proprietary compression systems to efficiently capture and store CO2 from industrial processes.
Collaboration with Global Partner: Provaris announced a Joint Development Agreement with Yinson Product AS, a global energy infrastructure and technology company, which is developing CO2 infrastructure and supply chains.
Extension to Onshore Storage Solutions: Utilizing its experience in gas storage, Provaris is developing land-based facilities for intermediate CO2 storage before permanent sequestration.
Strategic Partnerships
At the forefront of Provaris Energy's European strategy is a groundbreaking Memorandum of Understanding (MoU) with Norwegian Hydrogen and Germany-based international energy company Uniper Global Commodities. This tripartite agreement marks a pivotal step in developing hydrogen supply chains, leveraging each partner's unique strengths.
The collaboration strategically capitalizes on the Nordic region's geographical advantages, facilitating efficient hydrogen distribution across Europe, with a particular focus on the German market. Germany is reliant on the import of over 70 percent of its hydrogen demand by 2030. This partnership not only underscores Provaris' role as an enabler for hydrogen transport at scale, but also a commitment by Uniper to support the development of Provaris’ unique approach.
A significant milestone is expected in the December 2024 quarter, including a maiden Term Sheet for supply and offtake.
Provaris also has a joint development agreement with Yinson Production, a global energy infrastructure and technology company, to explore CO₂ storage and marine transportation solutions, leveraging Provaris' hydrogen tank technology for enhanced carbon capture capabilities.
In The Netherlands, Provaris is collaborating with Global Energy Storage (GES) to develop a bulk-scale hydrogen import facility within Rotterdam’s global energy hub. The agreement involves the completion of a comprehensive prefeasibility study to demonstrate the technical and economic viability of berthing and unloading of Provaris’ H2Neo compressed hydrogen carriers. Provaris will be responsible for the transportation of the hydrogen in the H2Neo carriers and GES will be responsible for the discharge and injection into the hydrogen grid.
CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to provide a corporate activity update which includes appointment of Anthony (Tony) Esplin as the Chief Executive Officer Designate ("CEO Designate") and an update to the planned Australian Securities Exchange ("ASX") listing.
Mr Esplin, who has over 30 years of experience at international mining companies including in Latin America, Australasia and Indonesia, is joining the Company with immediate effect under a part-time consultancy contract and will subsequently assume the role of CEO on a full-time basis, and become a board director, once the Company lists on the ASX.
Given the various holidays and the fact that the Company needs to update the ASX prospectus a decision was made to target the ASX listing in early Q1 2025.
The Company confirms it is working towards submitting the Special Lithium Operating Contract ("CEOL") for the Laguna Verde project before the deadline of 31st December 2024.
Significant quantities of battery-grade lithium carbonate will be produced before the end of the year for potential strategic partners to start product qualification.
Steve Kesler, Executive Chairman and Interim Chief Executive Officer, CleanTech Lithium PLC, said:
"We are delighted that Tony has agreed to join us as CEO, initially under a consultancy arrangement to assist us with our planned ASX listing, and then as our full-time CEO once we commence trading on the ASX. This concludes a relatively long process to identify the right candidate for this important role and we were very encouraged at the quality of the candidates who were keen to take up the reins at CleanTech Lithium.
"Tony's experiences of leading challenging international gold and base metal projects of scale through development into production, especially in Latin America, will be invaluable as the Company moves our Laguna Verde project forward towards the commercial production of battery grade lithium from 2027 onwards. As a fluent Spanish speaker, he will also be in prime position to engage with the Chilean Government, regulatory bodies and especially the local communities whose continuing support for our projects will be critical to their success.
"In the meantime, I will continue in my role as Executive Chairman intending to move back to being the Company's Non-Executive Chairman when our Board believes the time is right. I look forward to working with Tony and continue to be confident in the future potential of our Company".
Tony Esplin, CEO Designate, said:
"I am excited to be joining CleanTech Lithium and looking forward to the opportunity to work in Latin America again. It is well known that the lithium market is going through a challenging time, but all analysts agree that the lithium price will recover in due course to meet the growing international demand for EVs and other forms of battery storage. In the meantime, CleanTech Lithium has placed itself very nicely to be the next major mover in the lithium sector in Chile, through the use of Direct Lithium Extraction ("DLE") and by adopting more sustainable methods of extracting lithium for a market keen to see more "green lithium" supply. We intend to be delivering on this vision for our shareholders over the next few years.
"I am impressed at the results I have seen from the Company's DLE pilot plant and downstream processing, as well as the innovative community relations programmes where the Company has entered into alliances with local communities and universities. I look forward to working with the Board, management and staff to deliver a successful project at Laguna Verde. Whilst that project will be our major focus for the time being, we also have other assets in Chile which we can progress over time, adding real upside to our Company's value proposition for investors".
Appointment of CEO Designate
Since April 2024, when the Company's Executive Chairman, Steve Kesler, also took on the role of Interim CEO, the Board has been actively searching for a CEO with the skills and experience to move the Company from its early "exploration & technical testing phase" in Chile towards a "development and production phase" on its key assets. This role requires experience in driving and managing mineral resource projects in Latin America, delivering on development plans, raising the necessary funds for such projects and working with Government representatives and local communities to ensure those projects achieve their objectives in a sustainable manner. Following completion of the Laguna Verde "PFS" due to complete in Q1 2025, the Company will enter a new phase. Key activities will be bringing in a strategic partner, negotiating offtake agreements, completing the Definitive Feasibility-Study "DFS", permitting and putting in place the project finance to start construction and commencement of production at Laguna Verde, which is anticipated by end 2027. The Company has been working with executive search firm Heidrich & Struggles, based out of Melbourne Australia, to identify the best candidate for this important role and the Board is confident that Tony Esplin is the right appointment.
Tony Esplin
Mr Esplin is an Australian national who has over 30 years' experience in mining including at senior executive and board level positions primarily with tier one gold and base metals producers, including with Newmont Corporation, which ranked for more than a decade amongst the leading miners on the Dow Jones Sustainability World Index.
He has significant experience in managing large-scale emerging markets assets, including in Peru, Mexico, Suriname, Indonesia, Australia and Papua New Guinea ("PNG"). Mr Esplin worked and lived for over 12 years in Latin America and is fluent in Spanish. Most recently, he was Chief Operating Officer at Discovery Silver Corporation, a TSX-listed company with development projects in Mexico, where he also had broader responsibilities in developing project finance options and investor relations.
Prior to this, Mr Esplin spent three years as Executive Managing Director of Barrick Niugini, responsible for all facets of the business in PNG. Barrick Niugini is a joint venture between Barrick Gold and Zijin Mining and the role involved challenging negotiations with the PNG Government, regulators and with local community stakeholders, as well as establishing complex licence extensions.
Before Barrick Niugini Mr Esplin spent over 10 years at Newmont in various roles including as General Manager for the Suriname Merian project, a joint venture with state-owned petroleum company, Staatsolle Maatschappij Suriname N.V., which was successfully brought onto commercial production on time and under budget. The role encompassed all aspects of managing the business in Suriname.
Before that, Mr Esplin spent 10 years at Newmont´s Yanacocha project in Peru, latterly as General Manager Operations responsible for mining, processing and infrastructure activities.
Anthony (Tony) Ian Esplin, aged 58, has held the following directorships and/or partnerships in the past 5 years:
Current
Past
Sierra Nevada De Santa Maria Pty Ltd
Barrick (Nuigini) Limited
Mr Esplin currently holds no ordinary shares or other securities in the Company.
There is no further information on Tony Esplin required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
Mr Esplin will support the Board immediately in the planned dual listing on ASX in a part-time consultancy role, with his full-time appointment commencing immediately upon the Company listing on the ASX. A further announcement will be made on that in time. He will be based in Australia increasing CleanTech Lithium's profile with investors, analysts and media before and after the ASX listing, developing relationships with potential strategic partners and off-takers whilst travelling to Chile to work with the team on the Company's projects, build a team with capacity to take the Laguna Verde project into production and liaise with Government, regulators and local communities.
Steve Kesler will continue as Executive Chairman for a few months to support Mr Esplin in his new position and will then step back to being Non-Executive Chairman as corporate governance guidelines in UK and Australia recommend.
After thorough discussion with the Company's ASX advisors, the Company considered various time constraints, including Australian summer holidays, and decided that it will be better positioned for a successful ASX listing by proceeding in early Q1 2025. This is a strategic move as the revised timeline means the Company will have produced substantial amounts of battery grade lithium carbonate for potential strategic partners to start product qualification, will have submitted the CEOL application for the Laguna Verde project and will be nearing completion of the Laguna Verde PFS. This will ensure the timing of the proposed listing is optimal to deliver the highest possible value to investors. It will also allow Mr Esplin to get up to speed on the Company's position and plans and then actively participate in the ASX listing.
CEOL application and sample lithium product
The Company is working towards submitting the CEOL for the Laguna Verde project before the deadline of 31st December 2024 and a further announcement confirming submission will be made in due course.
As announced on 21st November 2024, the downstream conversion process is successfully producing pilot scale samples of lithium carbonate. CleanTech Lithium is a leader in Chile in producing lithium carbonate using Direct Lithium Extraction ("DLE") at the pilot scale, marking a major milestone for the Company. The samples will be sent to a laboratory to confirm the grade and impurity profile, which is expected to be battery-grade and prepared for strategic partner qualification.
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Gordon Stein, Director and CFO.
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.
CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com
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