The news was announced by the Economics Ministry March 25, with a promise that asecond factory for Lithium Ion Phosphate(LFP) cell technology will be established soon after. A total of €50 million will be invested and up to 300 new jobs will be created, the Ministry said. Contact online >>
The news was announced by the Economics Ministry March 25, with a promise that asecond factory for Lithium Ion Phosphate(LFP) cell technology will be established soon after. A total of €50 million will be invested and up to 300 new jobs will be created, the Ministry said.
Founded in 2016, Anodox Energy Systems makes high-capacity batteries and has worked withVolvo, NEVS, Jinpeng Auto, Geely, Lotus, Mahindra, and Pininfarina. Their R&D centre in Sweden develops electric batteries for light trucks, passenger cars, marine and other vehicles.
Theodore Zannakis, Anodox CEO said:"We are thrilled and grateful to announce our entry into Latvia and the establishment of the first LFP factory in Europe. It would not be possible without the strong support from the Latvia Government,LIAA,Altumand our customersJinpeng Groupand AKINSI Auto.”
In the first phase of this initiative, Anodox will produce high-quality battery packs for electric cars and light trucks in an automated factory. In the second, Anodox will produce high performance cells using LFP technology. LFP batteries have recently been adopted by Tesla Motors and are known to be longer lasting and produced at a lower cost than many of the electric vehicle batteries on the market today.
“This means that the battery production cycle will be completed in Latvia, from raw material to complete system. From Rīga the finished products will be delivered to customers in Scandinavia, Germany and the rest of Europe. A truly strong demonstration of our commitment to bring Latvia to the forefront of automotive technology.”
Latvia is the starting location for Anodox to establish production facilities across Europe. According to the company''s plan, Anodox Energy Systems is also considering Germany, Greece and Luxembourg as potential investment locations.
This is one of the greatest scientific accomplishments over the last year in Latvia, and could allow phones to work longer, as well as electric cars to drive further. Last year''s Nobel Prize in Chemistry was awarded to John Goodenough, M. Stanley Whittingham and Akira Yoshino for the development of lithium-ion batteries.
“The batteries that they discovered and can currently be bought at the market are 4 volt batteries. Batteries are currently a 250 billion dollar yearly market. They''re everywhere, clocks, laptops, electric cars,” said Eglītis.
His new batteries are more powerful than the ones currently on the market. It took the scientist 20 years of work to create this battery, including time at universities in Singapore, the US, China and Germany.
“We''re the first ones in the world that can see the opportunity to create a new 5 volt battery using a new 5 volt cathode material – Li2CoMn3O8. The economic effects of this new material are huge," continued Eglītis.
Our scientists have theoretically proved that it''s really possible to create such batteries that contain up to 20% more energy, without increasing production costs. Several respectable scientific journals have already published the results of the research.
"Such prominent theoretical works are very important so that we can start new projects and move from theory to technology, to create materials and continue testing them" said Latvian Academy of Sciences academic Juris Purāns.
"Product implementation usually takes 5-10 years. Tesla has a secret laboratory in America, I presume that they''re already using our new material in their secret laboratory," said Eglītis.
In news from Europe''s Baltic Sea region, Latvia''s first utility-scale battery storage project has been commissioned, while Fotowatio Renewable Ventures (FRV) has entered the Finland market.
In Latvia, developer Utilitas Wind announced the official opening of a 10MW/20MWh battery energy storage system (BESS) last week (1 November) in Targale, a village in Latvia''s north-eastern Ventspils region.
The battery storage system will be connected to the transmission grid this autumn and will enable surplus wind power generated at times of high production to be stored and outputted to the grid when demand peaks and renewable generation is lower.
Utilitas Wind, a subsidiary of Utilitas, an energy generation and distribution company headquartered in neighbouring Estonia, said the BESS project represented a total €7 million (US$7.54 million) investment.
The project comprises six containerised BESS units, three containers of inverters and transformers, and a distribution point container. In a separate press release, Chinese solar inverter manufacturer Hoymiles said it provided the 3.44MWh BESS enclosures and 3,450kW power conversion system (PCS) inverters on the AC side.
The opening event was attended by guests and dignitaries including Latvia''s climate and energy minister Kaspars Melnis, who said that hybrid energy parks that combine different clean energy technologies like wind and batteries "will become common practice in the future, ensuring a stable, minimally weather-dependent energy supply."
The minister''s comments come as Latvia, Estonia and Lithuania prepare to disconnect their shared Baltic electricity grid from Russia''s and synchronise with Europe''s next year.
The three countries'' BRELL agreement, which enables parallel energy system operation with the Russia-controlled IPS/UPS synchronous transmission grid area, is due to expire in February 2025.
Estonia''s transmission system operator (TSO) Elering, Latvia''s TSO AST and Lithuania''s LitGrid notified the Russian and Belarusian operators of IPS/UPS that they would not be renewing the agreement when it ends on 7 February 2025, and synchronisation with the European grid is due to go live just two days later.
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