SK Innovation

NEO Battery Materials Appoints Renowned Battery Industry Pioneer Mr. Ricky Lee as Lead Managerial Advisor

Retrieved on:

Tuesday, April 16, 2024

Process, EVS, A123 Systems, OTC, Silicon, Process engineering, Senior, Hyundai, HEV, LFP, NEO, SK Innovation, PHEV, Engineering, Energy, Samsung, Electric battery

TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTC: NBMFF)

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TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTC: NBMFF)
NEO Battery Materials Ltd. (“NEO” or the “Company”), 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.
Mr. Spencer Huh, President and CEO of NEO, commented, “We are incredibly excited to have Mr. Ricky Lee join as the Lead Managerial Advisor.
We will also tap into Mr. Lee’s expansive network further to support our commercial relationships in the battery supply chain.”

Despite Record EV Production Numbers, Shortage of Battery Metals Looms

Retrieved on:

Monday, April 22, 2024

VANCOUVER, British Columbia, April 22, 2024 /PRNewswire/ -- USA News Group – Giants of the auto industry have notably began sending senior executives to mingle with mining experts at events such as the BMO Global Metals & Mining Conference signalling an increasing importance to secure materials to make their cars. The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously. Despite Tesla reporting record Q1 2023 deliveries, Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand. To get there, many battery metals projects continue to be developed, including those from Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Albemarle Corporation (NYSE:ALB), and even Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B).

Key Points:

The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously.
Despite Tesla reporting record Q1 2023 deliveries , Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand.
It was in July 2022 that Ford announced it was going to buy lithium from ioneer for its US EV battery plant.
"Helping unlock lithium in the U.S. will help us support localized production of battery cells going forward," said Drake.

Despite Record EV Production Numbers, Shortage of Battery Metals Looms

Retrieved on:

Monday, April 22, 2024

VANCOUVER, British Columbia, April 22, 2024 /PRNewswire/ -- USA News Group – Giants of the auto industry have notably began sending senior executives to mingle with mining experts at events such as the BMO Global Metals & Mining Conference signalling an increasing importance to secure materials to make their cars. The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously. Despite Tesla reporting record Q1 2023 deliveries, Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand. To get there, many battery metals projects continue to be developed, including those from Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Albemarle Corporation (NYSE:ALB), and even Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B).

Key Points:

The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously.
Despite Tesla reporting record Q1 2023 deliveries , Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand.
It was in July 2022 that Ford announced it was going to buy lithium from ioneer for its US EV battery plant.
"Helping unlock lithium in the U.S. will help us support localized production of battery cells going forward," said Drake.

Amogy Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024

Retrieved on:

Tuesday, March 19, 2024

Amogy , provider of mature, scalable, and efficient ammonia-to-power solutions, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024.

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Amogy , provider of mature, scalable, and efficient ammonia-to-power solutions, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024.
Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.
The World's Most Innovative Companies stands as Fast Company's hallmark franchise and one of the year's most anticipated editorial efforts.
Fast Company’s Most Innovative Companies package is available online , as well as in-app form via iTunes, and on newsstands beginning March 26.

EV Projects Lead Kentucky to $13.75 Billion in Industrial Manufacturing Projects, an Industrial Info News Alert

Retrieved on:

Wednesday, February 14, 2024

Researched by Industrial Info Resources-- Toyota Motor Corporation ( NYSE:TM ) (Toyota City, Japan) last week announced it plans to invest an additional $1.3 billion to further electric vehicle (EV) production at its plant in Kentucky, where Industrial Info is tracking $13.75 billion worth of active and planned Industrial Manufacturing projects.

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Researched by Industrial Info Resources-- Toyota Motor Corporation ( NYSE:TM ) (Toyota City, Japan) last week announced it plans to invest an additional $1.3 billion to further electric vehicle (EV) production at its plant in Kentucky, where Industrial Info is tracking $13.75 billion worth of active and planned Industrial Manufacturing projects.
Toyota did not announce a planned kickoff or completion date for the project, but Industrial Info is tracking a tentative kickoff date of January 2025.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here to read a detailed project report.
The highest-valued non-automotive Industrial Manufacturing project in Kentucky is the construction of clean-energy storage company EnerVenue 's (Fremont, California) new 1 million-square-foot gigafactory in Shelbyville.

Infinium and Amogy Team Up to Spearhead Green Ammonia and eFuels Solutions

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Tuesday, January 23, 2024

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Infinium and Amogy are also exploring collaborations with both Mitsubishi Heavy Industries (MHI) Group and SK Innovation for deployment of the integrated solution.

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Infinium and Amogy are also exploring collaborations with both Mitsubishi Heavy Industries (MHI) Group and SK Innovation for deployment of the integrated solution.
To accelerate the decarbonization of heavy industry sectors, the companies will jointly study and identify the most suitable applications to deploy their eFuels and green ammonia solutions.
Infinium eFuels, also known as electrofuels or Power-to-X, are made from green hydrogen and waste carbon dioxide (CO2) in a proprietary process.
Upon identifying promising applications, Infinium and Amogy will initiate strategic pilot programs, showcasing tangible and scalable implementations of their clean technology solutions.

SK hynix to Exhibit AI Memory Leadership at CES 2024

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Wednesday, January 3, 2024

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Company to solidify AI memory leadership, seek acceleration of business turnaround

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Company to solidify AI memory leadership, seek acceleration of business turnaround
SEOUL, South Korea, Jan. 2, 2024 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.
The company will run a space titled SK Wonderland jointly with other major SK Group affiliates including SK Inc., SK Innovation and SK Telecom, and showcase its major AI memory products including HBM3E.
At SK Group's space with an amusement-park theme, SK hynix will display an AI Fortuneteller where the generative AI technology based on HBM3E is applied.
"SK hynix will step up its efforts for collaboration with global players, while seeking to accelerate a turnaround in business with its leadership in the AI memory space."

Mitsubishi Corporation and Amogy with SK Innovation join forces to unlock the potential of Amogy's ammonia cracking technology in Japan and South Korea

Retrieved on:

Wednesday, December 20, 2023

SK Innovation, MTA, Nitrogen, Transport, Partnership, Hydrogen, Mitsubishi Corporation

Upon the completion of the initial phase, three companies are looking to explore joint pilot opportunities in the strategic regions.

Key Points:

Upon the completion of the initial phase, three companies are looking to explore joint pilot opportunities in the strategic regions.
Ammonia, a versatile and widely used chemical compound, has emerged as a promising renewable fuel and a cost-effective carrier of hydrogen.
In addition, Amogy's ammonia cracking technology is expected to have high potential to be utilized as hydrogen carrier in large-scale transportation.
Both Mitsubishi Corporation and SK Innovation have participated in Amogy's recent $150M Series B fundraising which was led by SK Innovation.

Mitsubishi Corporation and Amogy with SK Innovation join forces to unlock the potential of Amogy's ammonia cracking technology in Japan and South Korea

Retrieved on:

Wednesday, December 20, 2023

MTA, Nitrogen, Transport, Partnership, Hydrogen, SK Innovation, Mitsubishi Corporation

Upon the completion of the initial phase, three companies are looking to explore joint pilot opportunities in the strategic regions.

Key Points:

Upon the completion of the initial phase, three companies are looking to explore joint pilot opportunities in the strategic regions.
Ammonia, a versatile and widely used chemical compound, has emerged as a promising renewable fuel and a cost-effective carrier of hydrogen.
In addition, Amogy's ammonia cracking technology is expected to have high potential to be utilized as hydrogen carrier in large-scale transportation.
Both Mitsubishi Corporation and SK Innovation have participated in Amogy's recent $150M Series B fundraising which was led by SK Innovation.

SK to Create a Theme Park of Carbon-Cutting Technologies at CES 2024

Retrieved on:

Thursday, December 14, 2023

Carbon, Glass, Climate change, CES, Plant, Recycling, SK Group, SKC, Dance, SK Inc., Water, ARC, EV, SK Innovation, SK Telecom, Travel, Optimism, Renewable energy, Oil

SEOUL, South Korea, Dec. 14, 2023 /PRNewswire/ -- SK Group, South Korea's second-largest conglomerate, will use CES 2024 to provide a vision of a world that applies clean technologies at scale to address global climate change. SK's CES booth will create an interactive amusement park, called "SK Wonderland," that allows visitors to experience the positive results of taking action to cut carbon emissions.

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SK's CES booth will create an interactive amusement park, called "SK Wonderland," that allows visitors to experience the positive results of taking action to cut carbon emissions.
SK's CES presence will include participation from seven SK companies – SK Inc., SK hynix, SK Telecom, SK Innovation, SK E&S, SK Ecoplant and SKC.
SK's CES 2024 exhibit marks the third straight year that SK has used its platform at CES to spotlight the need to address climate change.
At CES 2023 , SK showcased more than 40 carbon-cutting technologies being developed by its companies and their business partners.