RE: EMH / Geomet / CEZ12 May 2021 12:59
Some extract from CZ link in English - "We want to take lithium from Cínovec from the moment the mining is ready. We estimate that we will initially consume units of up to tens of tons per year. We expect hundreds of tons per year for mass production, "said Marián Bocek, co-founder of InoBat, to the E15 daily.
The company was established in 2019, co-founded by Bocek's IPM Group, which holds a majority stake. The ownership structure is completed by the Czechoslovak Group, the energy company AEM and Matador. CEZ invested ten million euros in InoBat last year."
"InoBat will need lithium for battery production in Slovakia. That is why he is building a research center worth one hundred million euros in Voderady near Bratislava, where he wants to produce the first battery cells next year. This will be followed by the construction of the so-called gigafactory, ie a factory for large-capacity battery production. InoBat wants to complete it with a total investment of one billion euros at the turn of 2023 and 2024."
""We estimate that our first gigafactory will require four thousand to five thousand tons of lithium per year," said Bocek. InoBat recently announced the first order, supplying the batteries to the Libchava bus manufacturer SOR.
Through the controlled company Geomet, CEZ is exploring lithium deposits in Cínovec. At the beginning of May, it requested an EIA assessment, which analyzes the impact of mining on the environment. "We are negotiating with InoBat and other companies about the possible purchase of lithium. Due to the expected growth in the number of electric cars and associated batteries, the demand for lithium will increase more than tenfold by 2030, ”said CEZ spokesman Roman Gazdík."
""With full production of over twenty thousand tons of the final lithium product per year, we anticipate great interest in production from Cínovec," he added. How to open a mine and how to mine should be clear in 2023.
However, CEZ's cooperation with InoBat does not end with the possible purchase of lithium. Both entities, in conjunction with ESS, in which Bill Gates also invested, will test the new energy storage technology. CEZ and InoBat will launch a pilot project worth almost one million euros in the second half of the year. If the tests prove the functionality of the technology, tens of millions of euros will go into the project.
"We focus on flow batteries. With CEZ, we are trying to integrate them into our future production. It is the first project of its kind, a breakthrough technology. Flow-through batteries do not have a lithium electrolyte, but they work on the basis of iron and salt water, "said Bocek."
"CEZ and InoBat are betting on the growth of demand for energy storages. These can balance consumption in places with high energy consumption: for example at charging stations, but also at battery factories and other places......"
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