EVgo's Mission
To expedite mass adoption of electric vehicles by creating a convenient, reliable, and affordable EV charging network that delivers fast charging to everyone.
- Convenient: More than 130 million people in the US — and more than 80% of Californians — live within a 10 mile drive of an EVgo fast charger. With more than 800 fast charging locations, our charging network is across 34 states serves over 65 metropolitan areas - and we're more than tripling in size over the next five years.
- Reliable: EVgo's fast chargers have more than 98% uptime. We consistently earn top consumer scores on PlugShare from our more than 300,000 customers across the country.
- Affordable: EVgo offers three plans: Pay As You Go, EVgo Membership, and EVgo PlusTM. We base our rates on regional utility costs, allowing us to offer the lowest possible rates in each area.
EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s charging network serves over 68 metropolitan areas across 35 states, owns and operates the most public fast charging locations in the U.S. and serves more than 310,000 customer accounts.*
VARTA is where you are:
Our products are as diverse as the demands of our customers: Whether primary batteries or rechargeable batteries, energy storage solutions for the home, or lights for outdoor, camping, sports and games - VARTA gives them the right energy for more independence in everyday life.
The strategic goal of VARTA AG and its subsidiaries is to be a leading global battery supplier in the booming renewable energy market segments.
Sustainable, social, ecological and economic actions have always been inseparably linked to the company culture that VARTA has practiced and cultivated for more than 130 years. In this way have we been able to become what we are today: an innovation leader in important growth markets of lithium-ion technology, market leader in hearing aid batteries, and market leader in primary batteries for retail consumers, with approximately 1.5 billion alkaline batteries manufactured each year.
As a technology leader and supplier of innovative high-quality products, we are keenly aware of our responsibility for people and the environment. With our commitment to Germany as a production location and with our plants in Ellwangen, Dischingen and Nördlingen, we focus on environmentally friendly and resource-saving production, the quality and safety of our products, on motivating and supporting our employees, and on our social commitment – united under the umbrella of “VARTA Helps.”
VARTA AG produces and markets a comprehensive battery portfolio from micro batteries, household batteries, energy storage systems to customer-specific battery solutions for a variety of applications and, as a technology leader, sets industry standards in important areas. As the parent company of the group, it operates in the business segments "Lithium-Ion Solutions & Microbatteries" and "Household Batteries".
The "Lithium-Ion Solutions & Microbatteries" segment focuses on microbatteries, lithium-ion coin power, lithium-ion round cells (lithium-ion large cells) and the lithium-ion battery pack business. Through intensive research and development, VARTA sets global standards in many areas of lithium-ion technology and microbatteries, making it a recognized innovation leader in the important growth markets of lithium-ion technology and in primary hearing aid batteries.
The “Household Batteries” segment comprises the battery business for end customers, including household batteries, accumulators, chargers, portable power (power banks) and lights as well as energy storage devices.
The VARTA AG Group currently employs almost 4,800 people. With five production and manufacturing facilities in Europe and Asia as well as sales centers in Asia, Europe and the USA, the operating subsidiaries of VARTA AG are currently active in over 75 countries around the world.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies.
Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves.
The company provides electricity to 7.8 million customers in six states, and natural gas to 1.6 million customers in five states.
Duke Energy also is a top U.S. renewable energy provider - owning, operating or buying solar, wind and other renewable energy capacity exceeding 8,000 megawatts. The company owns energy storage and microgrid projects, as well.
Duke Energy Historical Timeline
As one of the largest energy companies in the United States, Duke Energy is at the forefront of new beginnings. Duke Energy's history began more than a century ago when James B. Duke led a group that built a system of lakes and dams along the Catawba River to generate electricity that would drive the economic growth of the Piedmont Carolinas. Through the years, many other companies have joined this tradition.
Today, Duke Energy is dedicated to providing clean, reliable and affordable energy in seven states in the Southeast and Midwest. We're an industry leader in sustainable innovation, powering solutions to help our customers and communities thrive and grow – because energy is about more than keeping the lights on.
Take a journey through our historical timeline and see how we've grown over the years.
We are one of the largest electric power holding companies in the U.S., providing electricity to 7.8 million customers in six states. We have approximately 51,000 megawatts of electric generating capacity in the Carolinas, the Midwest and Florida – and a natural gas distribution system serving more than 1.6 million customers in Ohio, Kentucky, Tennessee and the Carolinas. Our commercial business owns and operates diverse power generation assets, including a portfolio of renewable energy projects. We are transforming our customers’ experience, modernizing our energy grid and generating cleaner energy to create a smarter energy future for our customers and communities.
Together with Shell and our partners, Greenlots is powering the transformation to electric mobility to create a more sustainable future.
Greenlots will install three Shell Recharge charging stations to provide low-cost fast charging to EV drivers using the Uber app in Vancouver, British Columbia. EV drivers will have access to fast-charging stations at a reduced cost in regions of the city that have high utilization. Our goal is to support EV drivers using the Uber app with more access to fast charging, while influencing others to make the transition to electric.
EV charging projects, especially fast charging, often require electrical upgrades and new cost considerations from demand charges based on the highest amount of energy used at a time. With Greenlots’ Energy Management software solutions, you can efficiently manage energy load right at the charging port.
Solutions ensure the EV load does not exceed the building capacity while still making it easy for drivers to charge when they need to. Energy Management solutions allow you to increase the number of EV chargers at a site while eliminating or reducing the need for expensive infrastructure upgrades. We also offer Energy Management solutions for utilities to manage power supply and demand through EV Demand Response programs.
Greenlots energy management solutions help you reduce energy costs and eliminate the need for costly infrastructure upgrades by managing charging load.
Peak Load Management
Reduce electricity costs and manage peak demand changes by shifting charging sessions away from hours with high electricity costs with a cloud-based solution. Peak Load Management is highly beneficial for site hosts with unpredictable loads at their location.
FlexCharge Manager
Minimize peak demand charges and reduce the need for infrastructure upgrades by installing FlexCharge Manager and integrate distributed energy resources (DERs) like solar and storage. You can shift consumption of energy to when it is less expensive or by drawing energy from a DER rather than the grid.
Demand Response
Manage grid load during times of peak demand by reducing power at the charger level within a utility service territory. Greenlots SKY platform enables utilities and grid operators to design and implement demand response programs that accommodate the charging needs of the drivers while maintaining grid reliability and security.
Shell Recharge Solutions will continue to support the electric transformation in North America across cities, fleets, and commercial businesses. Already, the company has helped cities expand their EV charging infrastructure to become leaders in electric mobility, including Los Angeles, Houston and Vancouver. It is also revolutionizing medium- and heavy-duty fleet electrification through projects with Penske, and Volvo Trucks through Volvo LIGHTS. The company also works closely with public and private organizations to support the expansion of electrified transportation and an accessible and reliable EV charging infrastructure.
Through industry partnerships, the company launched an expansive bi-lateral roaming network that provides access to more than 57,000 charging points across the U.S. and Canada in 2021. EV charging and energy management solutions, developed at the company’s Innovation Lab in Los Angeles, are helping customers reduce costs, ensure business continuity, and experience the benefits of switching to EVs.
Shell Recharge Solutions will provide Shell Recharge branded hardware and software services for home and business, in addition to supporting the Shell Recharge public charging network, and providing existing white label solutions.
Shell has committed to becoming a net zero emissions business by 2050 or sooner, in step with society, and to operating 500,000 chargers globally by 2025. As Shell Recharge Solutions, the company will bring the EV charging expertise and solutions that will help ensure delivery on these transformative commitments and accelerate continued expansion of electric mobility in North America.
ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries.
With our range of dynamic battery energy storage systems for solar applications, ABB has developed an effective and efficient approach that enables energy produced from a PV system to be stored and then used when required.
As a major contribution to achieving stringent environmental targets, our battery systems do not emit any CO2 emissions. They also maximize the efficient use of renewable energy sources by reducing their inherent intermittency, facilitating integration into the grid.
Reducing energy, mitigating climate change
The link between energy efficiency, renewable energy and mitigating climate change is clear. In terms of ABB’s own operations, this means taking action to reduce energy consumption and greenhouse gas emissions and to pursue low carbon forms of energy at our plants, offices and along the value chain.
As part of our Group-wide sustainability objective to progressively increase the efficiency of our own operations, we have set ourselves the target to reduce the greenhouse gas emissions of our business by 40 percent by 2020 from a 2013 baseline.
The management of our worldwide real estate portfolio also plays a key role in ABB's climate and energy performance. Our internal charter, The ABB Green Building Policy goes hand-in-hand with the Green Corporate Real Estate Management (Green CREM) strategy. This latter initiative, developed in Germany, is being implemented across Europe and in the US and will ultimately roll-out worldwide, safeguarding the global sustainability of our office sites and buildings.
We also seek to reduce the carbon intensity of our energy sources. Around the world, ABB operations increasingly choose to purchase certified “green” electricity and our facilities are installing on-site photovoltaic (PV) power plants to reduce environmental impacts and demonstrate ABB’s solar capabilities.
Other key areas of focus relate to our direct greenhouse gas emissions, which are mainly from fuel used in our operations as well as from SF6 emissions during production processes and gas handling on site. Elsewhere, programs to optimize logistics and packaging result in cost savings, improved quality and reduced emissions.
Reducing energy, mitigating climate change
The link between energy efficiency, renewable energy and mitigating climate change is clear. In terms of ABB’s own operations, this means taking action to reduce energy consumption and greenhouse gas emissions and to pursue low carbon forms of energy at our plants, offices and along the value chain.
As part of our Group-wide sustainability objective to progressively increase the efficiency of our own operations, we have set ourselves the target to reduce the greenhouse gas emissions of our business by 40 percent by 2020 from a 2013 baseline.
The management of our worldwide real estate portfolio also plays a key role in ABB's climate and energy performance. Our internal charter, The ABB Green Building Policy goes hand-in-hand with the Green Corporate Real Estate Management (Green CREM) strategy. This latter initiative, developed in Germany, is being implemented across Europe and in the US and will ultimately roll-out worldwide, safeguarding the global sustainability of our office sites and buildings.
We also seek to reduce the carbon intensity of our energy sources. Around the world, ABB operations increasingly choose to purchase certified “green” electricity and our facilities are installing on-site photovoltaic (PV) power plants to reduce environmental impacts and demonstrate ABB’s solar capabilities.
Other key areas of focus relate to our direct greenhouse gas emissions, which are mainly from fuel used in our operations as well as from SF6 emissions during production processes and gas handling on site. Elsewhere, programs to optimize logistics and packaging result in cost savings, improved quality and reduced emissions.
Electrification: Writing the future of safe, smart and sustainable electrification.
ABB's Electrification business offers a wide-ranging portfolio of products, digital solutions and services, from substation to socket, enabling safe, smart and sustainable electrification. Offerings encompass digital and connected innovations for low- and medium-voltage, including EV infrastructure, solar inverters, modular substations, distribution automation, power protection, wiring accessories, switchgear, enclosures, cabling, sensing and control.
Process Automation: Writing the future of safe and smart operations
ABB's Process Automation business offers a broad range of solutions for process and hybrid industries, including industry-specific integrated automation, electrification and digital solutions, control technologies, software and advanced services, as well as measurement & analytics, and marine and turbocharging offerings. Process Automation is #2 in the market globally. Working closely with customers, ABB's Process Automation business is writing the future of safe and smart operations.
Motion: Writing the future of smart motion
ABB's Motion business is the largest supplier of drives and motors, globally. We provide customers with the complete range of electrical motors, generators, drives and services, as well as mechanical power transmission products and integrated digital powertrain solutions. We serve a wide range of automation applications in transportation, infrastructure and the discrete and process
Robotics & Discrete Automation: Writing the future of flexible manufacturing and smart machines
ABB's Robotics & Discrete Automation business provides value-added solutions in robotics, machine and factory automation. Our integrated automation solutions, our application expertise across a wide scope of industries and our global presence deliver tangible customer value. Our focus on innovation includes extensive work in artificial intelligence, an ecosystem of digital partnerships and the expansion of our production and research capabilities through our $150-million investment in a new world-class robotics factory in Shanghai.
Fluence is the result of two industry powerhouses and pioneers in energy storage joining together to form a new company dedicated to innovating modern electric infrastructure. In January 2018, Siemens and AES launched Fluence, uniting the scale, experience, breadth, and financial backing of the two most experienced icons in energy storage.
The Fluence team encompasses more than 13 years of experience deploying and operating energy storage. Fluence is driving change by opening new markets to storage around the world, and has the largest deployed fleet of energy storage projects of any company.
Fluence's ESG journey is a natural extension of our mission to transform the way we power our world for a more sustainable future.
Operating from a foundation of Responsibility, integrity, quality and personal ownership, Fluence has been focused on advancing the clean energy sector since our founding in 2018. Our technologies are helping accelerate the rapid and efficient deployment of energy storage and renewables, helping to reduce emissions globally.
Our approach to developing and deploying our products is just as important as the technologies themselves. We prioritize safety across our operations, emphasize responsible supply chain management and are building a diverse and inclusive team that prioritizes equity in all that we do. Only by doing so can we can deliver on our mission, together.
The Fluence team brings over 13 years of experience designing, deploying, and operating complete energy storage solutions. Our energy storage systems are built for the most demanding industrial applications and have stood the test of time. We are backed by our parent companies, industry giants Siemens and AES, to deliver the scale and staying power our customers can rely on.
The Fluence team brings a deep understanding of the complexities of modern power markets, customer needs, and local market challenges. We are here to collaborate with you to solve your energy challenges and help you navigate the rapidly changing landscape.
We offer proven energy storage products designed for the full spectrum of applications in the market, with delivery and integration in 160 countries. Our comprehensive service offerings address the complete customer journey, including advisory, financing, and project lifecycle services. Our digital platform maximizes the value of renewables and storage assets for our customers.
NextEra Energy has more energy storage capacity than any other company in the U.S. With more than 180 MW of battery energy storage systems in operation, we're ensuring Americans have the energy they need, whenever they need it.
With the largest amount of operational storage of any company in the U.S., we can store energy when demand is low and supply energy when demand is high.
We're continuing to lead the industry with storage innovations such as our Babcock Ranch Solar Energy Center – the largest combined solar-plus-storage facility in the country. This cutting-edge project incorporates a 10-MW battery storage project into the operations of a 74.5-MW solar power plant.
Our 20 MW Pinal Central Solar Energy Center in Arizona was NextEra Energy Resources’ first project to pair solar energy with an on-site, state-of-the-art 10-MW battery storage system. Along with generating enough solar energy to power 5,000 homes, this facility stores excess energy in a lithium-ion battery storage system.
Florida Power & Light's Wynwood Energy Storage facility features a 10 MW / 40 MWh battery system that can dispatch enough energy to charge 5 million mobile phones or power 7,000 homes for four hours. This battery is the largest in the Southeast U.S. to be used in an urban city core.
NextEra Energy Historical Timeline
1925
Florida Power & Light Company was created on Dec. 28, 1925. In the beginning, FPL owned power plants, water facilities, gas plants, ice companies, laundry services and even an ice cream business. In its first year, the company served approximately 76,000 customers in 58 communities, and had a generating capacity of 70 MW.
Leading the industry:
With a market capitalization of more than $100 billion, we are the world's largest utility company. We're proud to be built and based in America.
Powering America:
We generate more wind and solar energy than any other company in the world.
Investing in America:
We're among America's largest capital investors in infrastructure, and we're planning to invest between $50 and $55 billion through 2022.
Creating jobs:
We're creating thousands of high-paying American jobs through our energy investments.
Shaping the future:
We're recognized among the "top 25 in the world for innovation," according to Fortune magazine.
A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 78 countries with approximately 64,500 employees and serves more than 3.8 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.
Air Liquide’s ambition is to lead its industry, deliver long term performance and contribute to sustainability. The company’s customer-centric transformation strategy aims at profitable growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders.
Air Liquide focuses its innovation expenses on the three subjects related to the major trends shaping the Group’s markets: energy transition, healthcare and digital transformation.
Shareholders: At end-2020, more than 470000 individual shareholders owned 33% of the capital of the Group, the highest percentage among companies in the CAC 40.
The E.ON Group is one of Europe's largest operators of energy networks and energy infrastructure and a provider of innovative customer solutions for 50 million customers. Thus, we are decisively driving forward the energy transition in Europe and are committed to sustainability, climate protection, and the future of our planet.
And these are not just words: We act - instead of just Our climate is rapidly changing due to greenhouse gas emissions. In Germany, more than 70 percent of these emissions are energy-related. That's why E.ON, more consequently than other energy companies, has fundamentally reinvented itself. Today, we're focused on using our businesses to drive the decarbonization of the energy world. We're determined to combat climate change, improve people's lives, and create a livable future.
We want to further reduce those emissions we can directly influence and become climate neutral by 2040. To achieve this, we will reduce our own emissions (Scope 1 and 2) by 75 percent by 2030 and 100 percent by 2040 compared to 2019. We aim to reduce emissions at our customers (Scope 3) by 50 percent by 2030 and 100 percent by 2050 compared with 2019.
We protect the health and safety of our customers and employees. "Mission ZERO" means avoiding fatalities at all costs. To this end, we have been a signatory of the UN Guiding Principles on Business and Human Rights since 2005. We support society and authorities in eliminating exploitative labor in supply chains. We promote diversity and inclusion. We aim to increase the proportion of female managers to 32 percent. This corresponds to the overall share of female employees at E.ON.make promises. We lead the way - not just follow. We rely on the power of the community – and not on individual interests, without having an overarching goal.
E.ON is committed to a sustainable energy future. By making energy cleaner and its consumption more intelligent and by making sustainable energy available to all our customers.
Our climate is changing rapidly due to Greenhouse Gas Emissions. More than 70% of all Greenhouse Gas Emissions are energy related. Therefore, E.ON consequently, more consistent than other energy companies, reinvented itself and systematically focuses on delivering the solutions for the decarbonization of the energy world. Improving people’s lives and creating a better tomorrow – we are driven to fight climate change through our core business. We are committed to act responsibly, transparently and with competence to constantly reinforce trust of our customers, our colleagues and society.
Our approach
The energy world is steadily becoming more distributed, digital, and decarbonised. And that means: more sustainable. Our core businesses energy networks and customer solutions are making it happen. Our grids are constantly getting smarter, which enables them to integrate more renewable energy while remaining reliable. Our innovative solutions help customers of all sizes – from families and small businesses to large manufacturers and entire cities – to use energy more efficiently, produce their own renewable energy, and thus reduce their carbon footprint.
Based on our core belief that society relies on everyone’s individual effort to fight climate change, we enable our customers to take a more sustainable path and take our own share by constantly questioning whether we manage our business sustainably. We are convinced that sustainably managed companies make a societal contribution and are more successful in the long-term.
At E.On ur core business comprises two major pillars: energy networks and customer solutions.
Our distribution networks are the backbone of the new energy world. Without distribution networks there can be no energy transition and no climate protection. The expansion, modernization and operation of distribution networks underpins security of supply and ensures that green electricity is used as efficiently as possible. This makes our networks the foundation of livable cities, communities, and regions.
Intelligent distribution networks pave the way for completely new possibilities for customers in their use of energy: they turn pure consumers into flexumers, i.e., flexible users of energy. Strong networks secure economic progress and jobs and promote social development.
Our customer solutions help customers realise their personal energy needs and wishes in terms of decarbonization. These include both energy distribution with green electricity and green gas tariffs and our customer solutions business with its innovative, sustainable, and digitalized products and services.
With solar installations, E-Mobility, energy storage, sensible energy control and solutions for sector coupling, our customers reduce their costs and emissions on the one hand – and increase comfort and quality of life on the other. This applies for private customers, small businesses, large companies and municipalities.
FuelCell Energy, Inc. (NASDAQ: FCEL) is a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy. We provide comprehensive turn-key solutions for our customers that include everything from the design and installation of a project to the long-term operation and maintenance of the fuel cell system.
The global fleet of SureSource™ power plants spans three continents and is leading the industry with millions of megawatts of ultra-clean power produced. Utilizing state-of-the-art fuel cells, our SureSource plants provide environmentally responsible solutions for various applications such as utility-scale and on-site power generation, carbon capture, local hydrogen production for both transportation and industry, and long duration energy storage.
Our commitment to sustainability
At FuelCell Energy we believe in Sustainability. Looking back to our founding 50 years ago, we can say that the Sustainability pillars of Environment, Social Responsibility, and Economy have always been in our DNA. Since we started, we have worked to be a truly sustainable company in all these areas. We have come a long way, we have learned a lot, and we continue to improve. Today, we provide ultra-clean, efficient distributed power generation solutions in a socially responsible manner that enhance the lives of our stakeholders and are a catalyst for environmental stewardship beyond our company walls
Helping customers achieve their sustainability objectives
Our fuel cell power plants support the Environmental, Social and Economic “Triple Bottom Line” of sustainability. The unique attributes of SureSource plants, including high efficiency, virtually pollutant-free operation and Combined Heat & Power (CHP) capability, enable improvements in energy efficiency while simultaneously reducing emissions and costs for our customers.
Put simply, higher efficiency drives better economics and environmental stewardship, supporting both social responsibility goals and public policy objectives.
FuelCell Energy: Our systems are catered to meet the needs of customers across several industries, including utility companies, municipalities, universities, government entities and a variety of industrial and commercial enterprises.
We leverage our core capabilities by forging strategic relationships with carefully selected business partners that bring power generation experience, financial resources, and market access.
We offer financing structures that enable power users to benefit from the multitude of advantages of clean onsite power while avoiding an up-front capital investment. Utilizing long-term power purchase agreements (PPA) or lease structures, the end-user of the power hosts the installation and only pays for power as it is delivered.
Our corporate office, which includes the research & development department and the Global Monitoring and Control Center, is located in Danbury, Connecticut. North American manufacturing is located in Torrington, Connecticut. European manufacturing is located in Taufkirchen, Germany.
Air Products touches the lives of consumers around the globe in positive ways every day. Focused on serving energy, environment and emerging markets, we provide essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. We are also the global leader in the supply of liquefied natural gas process technology and equipment. Air Products develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals.
Founded in 1940, Air Products has built a reputation for its innovative culture, operational excellence and commitment to safety and the environment. Our passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities and the world.
Leonard Parker Pool founded his company to meet the needs of the mid-level oxygen consumer. Although his idea to combine existing technology with a novel marketing concept was ingenious, immediate orders were not forthcoming. Frustrated but undaunted, Pool seized opportunity and instead, sold oxygen generators to support military efforts during World War II.
Air Products will invest $4.5B to build-own-operate the world’s largest blue hydrogen production facility, producing over 750 MMSCFD of blue hydrogen in Louisiana, USA. A portion of the blue hydrogen will be compressed and supplied to customers by our U.S. Gulf Coast pipeline network; the balance will be used to make blue ammonia that will be transported around the world and converted back to blue hydrogen for transportation and other markets.
The megaproject will also capture over five million metric tons per year of COâ‚‚, making it the largest carbon capture for sequestration facility in the world. Numerous studies have shown that Louisiana’s geology is some of the best in the world for permanent geologic sequestration.
The project is expected to be operational in 2026.
First Cobalt (TSX-V:FCC; OTCQX:FTSSF) is a North American battery materials company with leading ESG credentials that is currently expanding and recommissioning North America’s only permitted refinery capable of producing battery grade cobalt.
Phase I will be completed in Q4 2022, at which time the facility will produce 25,000 tonnes per year of battery grade cobalt sulfate (5,000 tonnes of cobalt contained). During a Phase II expansion, the Company intends to recycle lithium-ion battery material in the form of black mass to recover cobalt, nickel, copper and other battery materials. The final product will be marketed to electric vehicle and battery manufacturers in North America and Europe. First Cobalt’s competitive advantages include its existing hydrometallurgical facility, lowest-quartile carbon footprint and proximity to the U.S. and European markets.
First Cobalt is committed to the sustainable production of cobalt for its essential role in the manufacturing of electric vehicles. The Company commissioned a gate-to-gate life cycle assessment (LCA) of the First Cobalt Refinery across six areas of impact based on First Cobalt’s refinery expansion feasibility study. Minviro, a London-based consultancy that specializes in life cycle assessments, conducted the study. The intention of the LCA is to quantify and benchmark the potential environmental footprint of the operation and identify opportunities to reduce that footprint prior to the refinery’s expansion and recommissioning.
The report concludes that the environmental impacts associated with refining cobalt at First Cobalt’s facility will be materially lower than the published impacts of a leading Chinese refiner. The report is being released in its entirety to demonstrate transparency and a commitment to industry-leading ESG practices.
First Cobalt Refinery: Life Cycle Assessment
First Cobalt also owns a growing cobalt-copper mineral deposit in Idaho, U.S., which will provide a foundation for a secure, strategic, domestic supply of a critical raw material in North America. Known as the Iron Creek Project, the high grade primary cobalt deposit sits on patented property within the Idaho Cobalt Belt. The vision for this project is to build an underground ‘mine of the future’, leveraging current best practices and technology to minimize the environmental footprint of a future operation. Significant infrastructure in place includes 600 metres of drifting from three adits and an all-weather road that connects the property to a state highway and the nearby towns of Challis and Salmon.
VanadiumCorp Resource Inc. is an integrated mining and technology company developing wholly-owned vanadium-titanium-iron mineral deposits situated in Quebec, Canada. VanadiumCorp is focused on commercializing our patented green recovery technology to process mineral concentrates and produce vanadium, titanium and iron sustainably for critical metal applications and vanadium redox flow battery “VRFB” systems.
History of Vanadium
Vanadium was officially discovered by the Swedish scientist Sefstrom in 1831. He named it after Vanadis the “Swedish Goddess of Beauty and Fertility” because of the attractive brilliant colors of the chemical compounds in which it was first found. It was well named for it has provided many discoveries for scientists and technologists who, for over 150 years, have developed and continue to develop new materials for the benefit of humanity.
The use of vanadium goes as far back as the 3rd Century BC when super strength “Damascus steel” was first manufactured. The first wide-scale use of vanadium in the industry was in 1905 when Henry Ford realized that the Model-T could be stronger and lighter if he used vanadium-enriched steel. The need for stronger, lighter-weight steel emerged with the need for higher safety.
What is Vanadium?
Vanadium is a grey, soft, and ductile high-value metal with several unique characteristics that position it strongly in the steel, alloys, and chemical sectors. The metal also acts as a battery material that is 100% reusable.
More than 85% of vanadium is recovered from magnetite and titano-magnetite ores, either as the primary product or more commonly as a co-product with iron processed for steel production. It can also be recovered as a secondary product from fly ash, petroleum residues, alumina slag, and from the recycling of spent catalysts used in some crude oil refining.
A Globally Significant Vanadium Resource in Québec, Canada
Our wholly-owned Lac Doré project encompasses a strategic undeveloped vanadium resource hosted in iron & titanium bearing titanomagnetite. The resource is ideally located and accessible just 27 kilometres from the mining city of Chibougamau in the geopolitically stable, safe, and mining-friendly jurisdiction of Québec, Canada. The Lac Doré resource represents good potential for future development and strategy for North America as it is one of the few vanadium resources tested successfully for meeting the requirements of quality for vanadium-based energy storage.
VanadiumCorp Electrochem Process Technology “VEPT”
Conventional pyrometallurgical processes, for producing vanadium, utilize either direct soda-ash roasting of the magnetite, followed by water leaching, or the arc smelting and slagging of the magnetite followed by soda-ash roasting of the vanadium-rich slag. Smelting or roasting is capital intensive with high operating costs, technical risks, and significant emissions of greenhouse gases, that pose serious environmental issues. The VEPT addresses these key issues and allows the full recovery of vanadium to produce vanadium electrolyte (VE) or vanadium chemicals, as well as the concurrent production of titanium by-product, high quality, and competitive iron co-product and silica. The 100% owned VEPT is a novel chemical process, invented by Dr. Francois Cardarelli, that consists of digesting vanadiferous feedstocks into concentrated sulfuric acid. The technology addresses the recovery of vanadium pentoxide, vanadyl sulfate, ferrous sulfate, titanium hydrolysate, and silica from feedstocks such as vanadiferous titano-magnetite, iron ores and concentrates such as magnetite and hematite, vanadium industrial wastes such as BOF-slags, and other industrial by-products also containing vanadium.
Vanadium and it’s Uses
Vanadium is a critical metal predominantly utilized in steel applications. As global mandates shift to more sustainable practices and materials, awareness of the green benefits of vanadium continue to grow.. Vanadium mitigates the cost and carbon footprint across numerous value and supply chains. As a highly versatile metal alloy, vanadium imparts up to twice the strength in many steel applications. Vanadium is also considered invaluable in aerospace and many emerging applications. A renewable energy storage technology known as the vanadium redox flow battery “VRFB”, was invented in 1985 by Maria Skyllas-Kazacos and her team at the University of New South Wales, and represents a compelling green application for vanadium in the future.
TNG is an Australian resources company progressing development of its 100% owned Mount Peake Project in the Northern Territory, Australia. Mount Peake is an advanced world scale Vanadium, Titanium, Iron project with existing infrastructure in place and Mining Licence, Native Title and Environmental approvals already granted for the mine site.
Discovered by TNG in early 2008, the Mount Peake deposit is close to surface and flat lying with a JORC Compliant Resource of 160 million tonnes, making it one of the largest undeveloped vanadium-titanium-iron projects globally.
TNG has also developed a processing operation to produce three high-value, high-purity products from this resource – vanadium pentoxide, titanium dioxide pigment and iron oxide – through the application of its 100% owned TIVAN® Process.
In September 2019, the Company released an optimised delivery strategy and revised mine schedule, which is now based on an initial production rate of 2 million tonnes per annum ore throughput, corresponding to 100,000 tonnes per annum of titanium dioxide pigment.
On the basis of the refined delivery strategy, the forecast pre-production Capital Expenditure (CAPEX) for Mount Peake is now A$824 million. The revised financial model shows a Project’s pre-tax internal rate of return (IRR) of approximately 33% and a Net Present Value (NPV), at an 8% discount rate, of approximately A$2.8 billion, with a payback period of 2.8 years.
The project is strategically located close to existing infrastructure, including the Alice Springs-Darwin Railway, Stuart Highway and the new LPG pipeline, 20km to its east.
TNG recognises, considers and respects that environmental issues may arise from the Company’s activities and is committed to contribute to global efforts to combat climate change by promoting energy efficiency and reducing emissions.
The Company complies with all applicable legal requirements in order to reduce any potential negative impacts on the environment.
“TNG views its policy of compliance to all legal requirements and respect for the environment as crucial to the long-term success of the Company.”
TNG’s strict adherence to these policies contributes to the Company’s excellent relations with local communities and Land Councils.
TNG’s environmental policies include:
Incorporating environmental management into all long-term plans
A clear message of environmental responsibility, which is communicated to all employees and contractors
Communication and consultation with local communities about all operations and their environmental management
Mitigating climate related risk in the development of its operations.
- TNG understands that strong community relations, environmental sensitivity and effective corporate governance are all fundamental factors in sustainable development.
- TNG believes that a commitment to sustainable development is vital to maintaining supportive relations with Land Councils, native titleholders and the community at large.
- “TNG is aware of its responsibilities to local communities as well as shareholders. Respect for the environment, native title and local communities leads to more efficient and successful operations.”
- TNG recognises, considers and respects that environmental issues may arise from the Company’s activities and climate change risk has the potential to impact TNG’s business and communities.
- TNG endeavours to develop its operations in a carbon-efficient way in order to adequately mitigate climate related risk.
- TNG complies with all legislative and common law requirements affecting its business. In particular, occupational health and safety, the environment, native title and cultural heritage laws.
Vanadium is a “miracle metal” which is used to impart strength, hardness and water resistance to steel, in the manufacture of titanium alloys used in jet engines, airframes and other high-end specialty materials, and in the chemical industry, notably in batteries, plastic, glass and pigments.
Steel accounts for over 85% of vanadium demand, with consumption predicted to increase at similar rates to the growth of the global steel industry – driven by the rapid expansion of the Chinese economy and growing per capita use and intensity of use of steel in the BRIC economies (Brazil, Russia, India and China).
TNG’s other assets include a 20% free-carried interest in the Cawse Extended Project, convertible to a 2% net smelter return, which is located adjacent to the Cawse Nickel-Cobalt Operation in Western Australia.
TNG is listed on the Australian Securities Exchange (Ticker: TNG) and also on several European Bourses including Frankfurt.
TNG’s Board of Directors and management team have extensive experience in the mining and exploration industries – both in Australia and internationally. They are committed to increasing shareholder value by carrying out exploration and maximising the Company’s leverage to discoveries.
Bushveld Minerals is a low-cost, vertically integrated primary vanadium producer. It is one of only three operating primary vanadium producers, owning 2 of the world’s 4 operating primary vanadium processing facilities. Our target is to organically grow production to more than 8,400 mtVp.a. in the medium term.
Bushveld Minerals owns a diversified vanadium product portfolio serving the needs of the steel, energy and chemical sectors. Bushveld Minerals participates in the entire vanadium value chain through its two main pillars: Bushveld Vanadium, which mines and processes vanadium; and Bushveld Energy, a leading energy storage solutions provider. Bushveld Energy is focused on developing and promoting the role of vanadium in the growing global energy storage market through application in vanadium redox flow batteries.
The Company is Listed on AIM on the London Stock Exchange.
Our Vision:
Become one of the world’s most significant, lowest-cost, vertically-integrated primary vanadium platforms, with a diversified vanadium product portfolio.
Our Mission:
Generate value in a safe and sustainable way for all of our stakeholders throughout the commodity cycle.
Our Strategy:
- Build a sustainable, cash-generating, low-cost production platform, comprising:
- high-grade, opencast and low-cost primary vanadium mines; and
- refurbished scalable brownfield processing facilities.
- Use our large, low-cost production platform to build a leading downstream vanadium-based energy storage platform, creating value as a manufacturer of electrolyte, investor and project developer across the Vanadium Redox Flow Battery (”VRFB”) value chain.
In 2020, the Bushveld Vanadium produced more than 3,600 mtV, representing approximately 3% of the global vanadium market. With a diversified vanadium product portfolio serving the needs of the steel, energy and chemical sectors, the Company participates in the entire vanadium value chain through its two main pillars: Bushveld Vanadium, which mines and processes vanadium ore; and Bushveld Energy, an energy storage solutions provider.
Bushveld Vanadium is targeting to materially grow its vanadium production and achieve an annualised steady state production run rate of between 5,000 mtVp.a. and 5,400 mtVp.a. by the end of 2022, from projects currently being implemented. Beyond that, pre-feasibility studies are in progress to determine the optimal path to increase production even further to a steady state production run rate of between 6,400 mtVp.a. and 6,800 mtVp.a. in the medium-term and to a steady state production run rate of 8,400 mtVp.a. in the long term. Bushveld Energy is focused on developing and promoting the role of vanadium in the growing global energy storage market through the advancement of vanadium-based energy storage systems, specifically Vanadium Redox Flow Batteries (“VRFBs”).
