LG Energy Solution’s Post

In a recent media release, the Queensland Government notes that vanadium flow batteries are set to be a key part of the state’s energy storage mix with #VRFBs set to be manufactured out of North Queensland, under a new agreement between three major companies. Idemitsu Australia, Sumitomo Electric Industries and Vecco Group have signed a Collaboration Agreement to build a complete manufacturing supply chain, from mining to energy storage. An end-to-end vanadium flow battery manufacturing supply chain is transformational for the state’s #vanadium industry as it means more blue-collar mining and manufacturing jobs in North Queensland providing the batteries needed for renewable energy. Velox Energy Materials is in a great position to capitalise on this as it continues exploring it advanced North Queensland Vanadium Project and progressing its strategy to develop vanadium products that can be transformed into vanadium electrolyte, the key ingredient in VRFBs. Learn more: https://loom.ly/LAEQx8I #VLX #VeloxEnergyMaterials #TSXV

Critical Elements Lithium Corp.’s potential in the evolving lithium market Critical Elements Lithium Corp. stands at the forefront of the growing lithium market by capitalising on continued robust lithium demand while navigating the challenges posed by supply constraints. The global push towards cleaner and sustainable energy sources has resulted in a remarkable surge in demand for lithium, a key component in electric vehicle (EV) batteries and energy storage systems. This report provides an in-depth analysis of Critical Elements Lithium Corp., highlighting its strengths, strategic advantages, and prospects for growth within the evolving lithium market. Patrick Laperrière, CFA Director of Investor Relations and Corporate Development Critical Elements Lithium Corp https://lnkd.in/gNjfb87x #lithium #lithiumbatteries #lithiumsupply #supplychain #batteries #batterytech #criticalrawmaterials #usa #inflationreductionact #madeinusa #energy #energystorage #energytransition #evs #electricvehicles

Mangrove CEO & Founder Saad Dara recently authored an article for TheFutureEconomy.ca on the future of the lithium supply chain and refining in Canada, and how it will affect domestic energy security. The article digs into current bottlenecks, innovative technologies in the lithium space, and why we should be optimistic about the future of lithium availability for the growing demand of renewable energy. https://lnkd.in/gYH5TgDY

After close to a decade of planning, Controlled Thermal Resources Holdings, Inc. is expected to break ground on its multi-million lithium extraction and geothermal plants here today. The company plans to break ground on the so-called world’s “first fully integrated lithium and renewable power production facility.” The plant will help the U.S. achieve goals like reducing domestic battery supply chain risk, increasing national clean energy security, stabilizing electric vehicle battery-pack costs, supporting massive carbon emission reductions, creating thousands of jobs, attracting new industry, innovation, and capital investment, and secure domestic lithium for up to five million electric vehicles per year. #geothermal #lithium #EV #renewableenergy #netzero #jobs #madeintheusa #mining #energy #sustainability #collaboration #investment #innovation Release ---> https://lnkd.in/gVPZwc5R

ADX Energy Ltd (ASX:ADX) amend its investment agreement with MCF Energy Ltd. regarding the Welchau-1 well drilling costs, increasing MCF's funding obligations to 50% of EUR 5.1 million for an increased economic interest of 25% 💲🤝 "The Board of ADX looks forward to the imminent drilling of the Welchau-1 well. The amendment to the EIA reduces ADX exposure to increased well costs for a modest and commensurate decrease in economic interest to 75%" "The Welchau exploration project is an exceptional domestic energy supply and economic opportunity for the State of Austria. ADX and our partner MCF are committed to pursuing responsible gas exploration at a time when energy security is of critical importance in Europe" - ADX Energy's Executive Chairman Ian Tchacos #ASX #Investing #Gas #Exploration #ASXNews Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au

Australian Vanadium Limited (ASX:AVL, OTCQB:ATVVF) continues to add expertise as it looks to build a world-class team to accelerate the uptake of vanadium flow batteries (VFBs) in Australia. Today, the company announced the additions of Steve Banning as principal advisor and Dr Yifeng Li as product development manager for its 100%-owned subsidiary VSUN Energy Pty Ltd.  The appointments are expected to support AVL’s growing value chain from mining through processing, electrolyte production, battery systems and into energy markets. AVL aims to accelerate the uptake of VFBs for use in large-scale long-duration energy storage systems. “We are really excited to welcome Steve Banning and Yifeng Li who will both play key roles in enabling AVL’s pit-to-battery value creation strategy,” AVL CEO, Graham Arvidson said. More at #Proactive #ProactiveInvestors #ASX #AVL #Vanadium #Mining #BatteryMetals #CriticalMinerals http://ow.ly/IgRA105vsge

PPAs 24/7 In the dynamic current energy landscape, 24/7 Power Purchase Agreements (PPAs), backed by an innovative approach that integrates renewable sources and storage, are garnering attention. A study associated with Pexapark and Eurelectric highlights the effectiveness of this strategy in Europe, not only ensuring an uninterrupted energy supply but also optimizing costs and reducing reliance on conventional sources. In the Chilean context, a country with a burgeoning mining industry and demand that persists through the night, the implementation of these 24/7 PPAs becomes particularly relevant. The combination of storage addresses the intermittency of renewable sources, contributing to the necessary stability for critical sectors such as mining, industrial sectors, and the country's growing demand—similar to trends observed in other Latin American countries. Another crucial aspect to consider regarding 24/7 PPAs is their role in stabilizing companies' energy costs. With decreasing prices of solar and wind energy and the projected decline in storage system costs, this trend could significantly benefit companies' economies and contribute to the decarbonization of countries. Well done Pexapark and Eurelectric #PPAs #24/7 #Mining #Storage #Transition

Talos Energy Inc. has successfully commenced production at the Lime Rock and Venice wells, near the Ram Powell platform in the U.S. Gulf of Mexico, achieving an initial production rate of over 18,500 barrels of oil equivalent per day. These wells, which started in late December 2023, are estimated to hold 20 to 30 million barrels of oil equivalent. Talos, owning a 60% interest in both wells, acquired Lime Rock in November 2020 and identified Venice within the existing Ram Powell unit. The start-up, under CEO Timothy S. Duncan's leadership, involved new subsea installations and facility upgrades, highlighting the company's strategic use of technology and infrastructure. This development is expected to boost the Ram Powell facility's production to its highest in 15 years, guiding future developments. #TalosEnergy #OilAndGasIndustry #EnergyProduction #GulfOfMexico #OilExploration #NaturalGas #SustainableEnergy #InnovationInEnergy #EnergySectorGrowth #OffshoreDrilling #FossilFuels #EnergyLeadership #EnergyStrategy

Critical Elements Lithium Corp. stands at the forefront of the growing lithium market by capitalising on continued robust lithium demand while navigating the challenges posed by supply constraints. The global push towards cleaner and sustainable energy sources has resulted in a remarkable surge in demand for lithium, a key component in electric vehicle (EV) batteries and energy storage systems. #LithiumMarket #LithiumSupply #BatteryProduction #EnergyStorage Read this Special Report to discover more ⬇ https://bit.ly/3Z5hVZe

Talon Energy Ltd (ASX:TPD) and TMK Energy Limited have agreed to consolidate the ownership of the Gurvantes XXXV coal seam gas project in Mongolia, which will see TMK acquire Talon's 33% earned interest in the project through the purchase of Talon's wholly-owned subsidiary, Talon Energy Pte Ltd. Both parties have executed a binding heads of agreement for the transaction described as a “logical transaction and compelling opportunity” to create shareholder value. The gross consideration for Talon's earned rights will involve up to 1.10 billion fully-paid ordinary shares in TMK and up to 550 million listed options in TMK, which will be distributed to Talon shareholders following completion of the transaction. This implies an approximate value of $0.020 per Talon share, equating to about 1.56 times TMK shares per Talon share held and 0.78 times TMK options per Talon share held. More at #Proactive #ProactiveInvestors #ASX #TPD #Energy #OilandGas #CoalSeamGas http://ow.ly/rqnQ104XpPS