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Off-take contract with NOVONIX advances Panasonic Energy’s dedication to carbon footprint decrease and durable supply chain in North American
Osaka, Japan — Panasonic Energy Co., Ltd., a Panasonic Group Company, today revealed it has actually signed a binding off-take contract with the leading battery products and innovation business NOVONIX Limited (“NOVONIX”; Queensland, Australia) for the supply of artificial graphite, the primary element of the anodes of lithium-ion batteries utilized in electrical lorries (EVs). In line with Panasonic Energy’s Medium- to Long-term Strategy to enhance its North America-focused supply chain and minimize its ecological effect, the artificial graphite will be used by Panasonic Energy’s EV battery making centers in the U.S., with deliveries set up to begin in 2025 from NOVONIX’s center in Tennessee.
By 2031, Panasonic Energy intends to minimize the carbon footprint of the whole lithium-ion battery supply chain for EVs by 50% compared to 2022 levels. The bulk of emissions develop from resource mining, basic material processing, and logistics. Therefore, in addition to minimizing the carbon footprint produced throughout battery production through the carbon neutralization of all factories, Panasonic Energy actively addresses ecological effect decrease in the upstream supply chain. This contract will enable Panasonic Energy to take advantage of NOVONIX’s ingenious ecological innovation and obtain 10,000 lots of graphite from NOVONIX’s North American operations over a duration of 4 years, a tactically essential action in the decrease of the ecological effect of its supply chain.
There are 2 kinds of graphite for lithium-ion batteries: natural graphite and artificial graphite. Synthetic graphite provides improved battery resilience, enabling trusted efficiency throughout duplicated charging and releasing cycles. Synthetic graphite is typically produced by methods of prolonged high-temperature treatment in an Acheson heater, lasting 1 month per production cycle, with temperature levels rising to 3,000℃. However, this production technique postures difficulties due to its high energy intake and resulting CO2 emissions, and business are actively establishing ingenious production approaches to conquer these disadvantages.
NOVONIX’s exclusive graphitization heating systems are the very first of its kind for massive production, allowing effective mass production of artificial graphite in simply around 3 days per cycle. This development is anticipated to minimize the levels of CO2 produced throughout the production of artificial graphite compared to standard Acheson heating systems. It represents a considerable contribution towards Panasonic Energy’s objective of halving its carbon footprint, and shows the business’s dedication to ecological sustainability.
In the North American market, incorporating the U.S. as the world’s second-largest for brand-new vehicle sales, Panasonic Energy intends to help with the extensive adoption of EVs by supplying premium and high-capacity batteries that use extended driving variety. The business will take advantage of its competence and experience to take the lead in the lithium-ion battery market. Through tactical collaborations, it will accelerate its efforts towards accomplishing no emissions and assisting develop a sustainable society.
About Panasonic Energy Co., Ltd.: Panasonic Energy Co., Ltd., developed in April 2022 as part of the Panasonic Group’s switch to a running business system, supplies ingenious battery technology-based items and options worldwide. Through its vehicle lithium-ion batteries, storage battery systems and dry batteries, the business brings safe, trusted, and practical power to a broad series of company locations, from movement and social facilities to medical and customer items. Panasonic Energy is devoted to adding to a society that understands joy and ecological sustainability, and through its company activities the Company intends to deal with social problems while taking the lead on ecological efforts. For more information, please go to https://www.panasonic.com/global/energy/.
About NOVONIX Limited: NOVONIX is a leading battery innovation business changing the worldwide lithium-ion battery market with ingenious, sustainable innovations, high-performance products, and more effective production approaches. The business makes industry-leading battery cell screening devices, is growing its high-performance artificial graphite anode product production operations, and has actually established an all-dry, zero-waste cathode synthesis procedure. Through advanced R&D abilities, exclusive innovation, and tactical collaborations, NOVONIX has actually acquired a popular position in the electrical car and energy storage systems battery market and is powering a cleaner energy future. To find out more, visit us at www.novonixgroup.com or on ConnectedIn and X.
Courtesy of Panasonic Energy Co.
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