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#TM1 Technology Minerals – ‘Talking Batteries’ Part 2

24th February 2022 / Leave a comment

‘Talking Batteries’ Part 2 by Robin Brundle, Chairman, Technology Minerals plc and Director, Recyclus Group + WMG’s Anwar Sattar, Lead Engineer in Battery Recycling, discussing the 5 key Lithium-ion battery chemistries and the Recyclus technology

Watch here

#TM1 Technology Minerals – Technology Minerals Chairman Robin Brundle – Talking Batteries by Recyclus + WMG Part 1

21st February 2022 / Leave a comment

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, are supporting the agenda for COP26 very strongly and have announced WMG as a knowledge transfer partner.

WMG is an academic department at the University of Warwick and is the leading international role model for successful collaboration between academia and the public an

d private sectors, driving innovation in science, technology and engineering, to develop the brightest ideas and talent.

Technology Minerals, has collaborated with WMG for a four-year Engineer Doctor Program. Technology Minerals’ 49% owned industry leading battery recycling company – Recyclus Group will share their immense knowledge of lithium-ion and recycling batteries with WMG which will help them to teach bright young people out of university. As part of the knowledge transfer, Technology Minerals will also receive access to the laboratories in which WMG have invested £80mn over the last decade.

The collaboration is crucial as students learnings are through, researching optimising the processes at Recyclus and analysing the materials coming out of the battery so it’s good enough

to be recycled, rather than academic research.

This collaboration will bring benefits to both Technology Minerals and WMG. As by working with companies like Recyclus not only do WMG’s researchers help to improve the UK battery industry and the capabilities of Technology Minerals and Recyclus Group but the WMG research team get to experience and work on real world problems.

#TM1 Technology Minerals – Exclusive Pentagon to boost rare earths and lithium stockpiles

21st February 2022 / Leave a comment

The Pentagon plans to boost the stockpile of rare earth minerals, cobalt and lithium it manages for the U.S. government to reduce its long-term dependence on China, two people familiar with the plan said.

The new stockpile agreement guidance is expected to be announced as soon as next week, one of the people said, nearly a year after U.S. President Joe Biden issued an executive order to study U.S. supply chain resiliency in February 2021.

Rare earths are often converted into magnets and used in next-generation weapons research as well as the Lockheed Martin Corp (LMT.N) F-35 jet and Raytheon Technologies Corp (RTX.N) precision guided munitions.

Lithium, a key component used to make electric-vehicle batteries, will be vital to the Pentagon’s goal of shifting its non-tactical vehicle fleet, currently 170,000 strong, to zero emissions.

An agreement between the Departments of State, Energy and Defense was signed in early February and covers the select materials as well as large batteries used in the electrical grid, the people said.

The Departments of Defense, Energy and State did not immediately respond to a request for comment.

The memo also directs inter-agency coordination of an unclassified stockpile for relevant non-fuel minerals necessary for a transition to using more clean-technologies. The agreement enables other U.S. agencies, like the Department of Energy, to coordinate on and draw from these stockpiles, according to the people who spoke on condition of anonymity.

Reuters could not determine if the agreement stipulated if the materials for the stockpiles were required to have a specific origin. The U.S. Congress has tried to stipulate where the Pentagon can source rare earths.

Rare earths are a group of 17 metals that, after processing, are used to make magnets found in electric vehicles, weaponry and electronics. Since World War Two, U.S. military scientists developed the most widely-used type of rare earth magnet but China has slowly grown to control the entire sector in the past 30 years.

The U.S. has only one rare earths mine and has no capability to process rare earth minerals. Many lithium and rare earth junior miners have hoped the Pentagon would buy more domestic product. To build reserves, the Pentagon buys supply in part from China, a paradox that many on Capitol Hill hope will abate in time.

The rare earths production process creates a lot of pollution, part of the reason why it grew unpopular in the United States. Ongoing research is attempting to make the process cleaner.

Lithium is more abundant but there is only one active mine in the United States, Albemarle Corp’s (ALB.N) Silver Peak in Nevada. There is very limited U.S. processing capacity for the mineral.

Read – https://www.reuters.com/world/us/exclusive-pentagon-boost-rare-earths-lithium-stockpiles-sources-2022-02-18/?taid=62103fe856a8c40001911cf2&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

#TM1 Technology Minerals – Britishvolt gets £100m boost to build UK’s first large-scale ‘gigafactory’

21st January 2022 / Leave a comment

The deal to build an electric car battery plant near Blyth will bring up to 3,000 jobs to the area by 2028

A rendering of a Britishvolt plant set to be built near Blyth, Northumberland. — A rendering of the electric car battery Britishvolt plant set to be built near Blyth, Northumberland. Photograph: Britishvolt

The government’s Automotive Transformation Fund will invest alongside asset management company Abrdn and its majority-owned property investment arm, Tritax, to fund a sale and leaseback deal for the huge building that will house the electric car battery factory, near Blyth in Northumberland.

Peter Rolton, Britishvolt’s executive chairman, said: “The UK automotive industry needs a local source of batteries. Chinese or other Asian imports are not going to be an option. There will be very, very significant shortfalls of batteries. We are absolutely vital to maintain the UK industry and support those jobs.”

An artist impression of the Britishvolt factory in Northumberland. — An artist impression of the Britishvolt factory, the first full scale UK battery gigaplant. Photograph: Britishvolt/PA

Britishvolt is one of two major UK battery manufacturing projects that has secured funding, alongside an expansion of an existing plant at Sunderland owned by China’s Envision that supplies to Nissan.

The company is hoping to build the plant rapidly with the aim of supplying a large part of the UK car industry’s needs as it transitions from internal combustion engines to electric cars that produce zero exhaust emissions. It is in talks with several potential clients, and sportscar maker Lotus has signed a memorandum of understanding, Bloomberg reported on Thursday.

A new electric vehicle charging station in Slough.

The plant will employ about 3,000 workers when it is at full capacity in around 2028. The first batteries are scheduled to start production in 2024 to take advantage of rising demand ahead of the UK’s 2030 ban on new cars without a battery.

The government and Britishvolt declined to detail the size of the government investment, citing commercial confidentiality. However, a source with knowledge of the negotiations said it was worth about £100m.

The government-funded Advanced Propulsion Centre calculates that the UK will need to produce batteries with a capacity of 90 gigawatt hours (GWh) a year if it is to retain a car industry of a similar size. Current UK production capacity is less than 2GWh, but Britishvolt hopes to produce 30GWh.

Local authorities in the West Midlands and Somerset are trying to attract investors to two more potential battery manufacturing sites. The West Midlands site at Coventry airport last week gained pre-emptive planning permission.

Rolton said: “The company was still working on the timing of a planned stock market listing which will raise the money to build the production line. The full project is expected to cost £3.8bn, but the government backing has already helped in conversations with potential investors.”

Britishvolt has previously won backing from Glencore, the FTSE 100 miner, and preparatory construction work at the 93-hectare site has begun.

Securing investment in UK-based battery manufacturing has been an important goal for the government. The prime minister, Boris Johnson, has on several occasions referred to his hopes for the project as part of his plans to “level up” parts of the country that have missed out on investment in recent decades.

The plant will be based in the constituency of Wansbeck, narrowly retained by Labour in the 2019 general election. It is next door to Blyth Valley, a seat formerly part of Labour’s “red wall”, which voted in a Conservative MP for the first time in that election.

Johnson said the plan “is a strong testament to the skilled workers of the north-east and the UK’s place at the helm of the global green industrial revolution”. He added that the factory will “boost the production of electric vehicles in the UK”.

Rolton said Britishvolt had taken part in a jobs fair in the area which prompted “queues round the block”, while some parents even took children out of school to attend. “That’s what it means for the area,” he said.

Read this on The Guardian

#KDNC Cadence Minerals – Cadence Minerals’ lithium asset upgrade after Cinovec’s ‘outstanding results’

20th January 2022 / Leave a comment

Cadence Minerals have enjoyed a dramatic improvement in the quality of their lithium investments after ‘outstanding’ results from the Cinovec mine in the Czech Republic.

The Cinovec mine is operated by European Metal Holdings which has a 49% in the mine. Cadence Minerals holds 8.7% of the equity in European Metal Holdings.

In an announcement made this week, the Cinovec asset received significant upgrades to the resources that included revisions higher to the annual output and the impact of higher lithium prices.

The most recent feasibility study found it is possible to amend the mining process to incorporate the use of paste backfill which will be instrumental in increasing the mines output by 16%.

As a consequence, the Cinovec mine’s expected output has been increased from 25,267 tpa to 29,386 tpa.

The combination of rising lithium prices and the increased production means the projects NPV8 (post tax) increases from $1.108B to $1.938B. This is based on lithium prices of $17,000 which is significantly below the current market price.

“An increased mine life and a resource upgrade that takes the NPV8 from USD1.1bn to USD1.94bn adds substantial value to Cinovec’s already exceptional potential as a future battery grade lithium supply hub for Europe and the rest of the world,” said Cadence CEO Kiran Morzaria.

“Cadence are pleased to remain shareholders and supporters of EMH, and we look forward to further developments.”

The news has seen European Metal Holdings share soar this week to trade at 81p.

Cadence Minerals owns approximately 8.7% of European Metal Holdings following a placing conducted by European Metal Holdings to raise A$14.4 million.

Cadence Minerals stake is worth circa £12.4m with European Metal Holdings shares trading at 81p.

To put this in to context, Cadence Minerals entire market cap is £41m so the market is effectively currently attributing a value of just £28.5m to the rest of Cadence’s assets.

Cadence Minerals Portfolio

Although the latest developments at Cinovec adds tremendous value to a publicly-traded holding of Cadence’s portfolio, their flagship project is the Amapa Iron Ore project which has targets to produce $725 million iron ore per annum.

Cadence Minerals has additional exposure to lithium at the Sonora mine operated by Bacanora Minerals, as well as interest in Northern and Western Australia.

Cadence also has a 30% interest in the Yangibana Rare Earths project operated by Hastings Technology Metal in Western Australia.

Read the article on UK Investor Magazine

#BRES Blencowe Resources – Appointment of Battery Limits

13th January 2022 / Leave a comment

Blencowe Resources Plc (” Blencowe” or the “Company”) (LSE: BRES) is pleased to announce the appointment of highly regarded Australian Engineering firm Battery Limits to assist the Company in the completion of the Orom-Cross Graphite Project Pre-Feasibility Study.

Highlights

· Battery Limits is a highly experienced graphite project development engineering firm.

· Battery Limits has completed Feasibility Studies for several tier one graphite projects internationally.

· Extensive graphite project experience in East Africa.

Battery Limits is one of the most experienced graphite project development engineers internationally, with extensive experience in East African graphite projects. Battery Limits has been selected to assist the Company on the basis of this relevant project experience which includes:

· Armadale Capital – Lindau Mahenge Tanzania Graphite feasibility study

· MRC – Munglinup Graphite Australia DFS

· International Graphite – downstream processing DFS

· Graphex Chilalo Graphite – PFS update, PFS and scoping studies and DFS metallurgy and process engineering

· Volt Resources – Bunyu Graphite Tanzania FS, PFS, scoping studies

· Armadale Capital – Lindau Mahenge Tanzania Graphite scoping study

· BlackEarth Minerals – Maniry Graphite Madagascar scoping study

· Black Rock Mining – Mahenge Graphite Tanzania PFS

· Magnis Resources – Nachu Graphite Tanzania PFS

· Triton Mineral – Ancuabe Graphite Mozambique scoping study

Blencowe considers this previous project experience, and in particular the East African graphite knowledge, highly beneficial to Battery Limits assisting in the development of Orom-Cross project.

Battery Limits will lead the Pre-Feasibility Study and will ultimately sign off on the Study, thus providing key credibility to all parties concerned. Study aspects of process engineering and process plant design, capital and operating cost estimates, management of ongoing metallurgical testwork, infrastructure and project implementation will all be undertaken by Battery Limits.

Specialised sub-consultants in Uganda and South Africa will be assisting with tailings storage design, geotechnical and hydrological studies under supervision of Battery Limits.

Executive Chairman Cameron Pearce commented:

“We are both pleased and privileged to have a technical partner with the capabilities and experience of Battery Limits helping us to deliver the PFS, due for completion around mid-2022. Our Orom-Cross graphite project continues to move towards first production in the medium term and their involvement will help provide a stronger operational and commercial model.”

For further information please contact:

Blencowe Resources Plc

Sam Quinn

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

info@blencoweresourcesplc.com

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

sasha@flowcomms.com

First Equity Limited

Jason Robertson

Tel: +44(0)20 7330 1833

jasonrobertson@firstequitylimited.com

Does EV and battery tech really sound the death knell for Oil and Gas?

23rd September 2021 / Leave a comment

Future of Oil and Gas

In an era of rising demand and hype for electric vehicles (EV) and battery technology, commodities and ETFs linked to oil and gas have managed to hold their prices. EV stocks like Tesla and Nio have increased by 71% and 100% respectively in the past year. The price of WTI Crude Oil has also increased by 76%, while prices of micro-cap oil stocks like #ECHO Echo Energy and #MSMN Mosman Oil and Gas have increased by 58% and 13% respectively.

This clearly signifies that even after the rise in demand of EVs, commodities like oil and gas are here to stay in the short and long term.

Consumers are under the impression that they could be in an oil-free world by 2030 and most consumers perceive batteries and electricity as the primary source of energy. However, this is highly unlikely and nothing but a series of myths planted in our brains due to effective marketing.

The International Energy Agency (IEA) that analyses trends in energy industry, released its annual World Energy Outlook in November 2019. It looks at potential energy demand and supply under different scenarios to explore different possible futures. The IEA scenario stated a global increase in energy demand by 24% by 2040 of which, oil and natural gas will supply 64% of the world’s energy needs. In accordance with the Paris Climate Agreement, if based on the Sustainable Development Scenario, the oil and natural gas will still supply 47% of the world’s energy by 2040.

More than 15% of oil demand goes into non-combusted use including petrochemicals which is expected to grow to 20% by 2040. Even if the demand for gasoline and other fuels may hypothetically be on the decline, the petrochemical sector, in contrast, still has room to grow. Some major companies have even pledged some $100bn into the petrochemical industry over the next decade.

Developing countries like India have one of the most aggressive renewable power capacity roll-out programmes worldwide. However, its access to affordable fossil fuels remains a priority for its government because its needs for cheap oil, gas and coal continue to rise to meet energy demand that is forecast to more than double by 2040. India’s petroleum minister Dharmendra Pradhan believes the world’s third-largest oil consumer could be the “golden goose” for crude suppliers as it buys more than 80% of its oil needs from foreign crude purchases.

The graph below demonstrates that the forecasted oil demand for 2040 is higher than present day with non-combusted being the driver to increase the demand. While in the primary energy consumption chart, oil is forecasted to maintain its consumption as a primary source by 2040. Whereas the primary consumption of gas is forecasted to rise.

(Financial Review, 2020)

Texas Oil Wells

In 2018, companies in the Permian Basin – “an ancient, oil-rich seabed that spans West Texas and South Eastern New Mexico — were producing twice as much oil as they had four years earlier” whilst forecasters expected the production to double again by 2023.

The International Energy Agency (IEA) had also predicted that American oil mostly from the Permian will account for 80% of growth in global supply over the next seven years.

Some small companies already had presence in the Permian Basin before these predictions and report in 2018. In 2017, Mosman Oil & Gas (MSMN) acquired several oil and gas leases comprising the Welch Permian Basin Project for a consideration of $310,000. Although the Welch project contributed to a gross profit of $167,000 in the year ended 30 June 2020, recently Mosman sold this Welch Project for $420,000 receiving a premium of 40% from the sale of the project alone.

Mosman is steadily growing its working interests across a number of projects in Texas, including Stanley, Falcon-1, Winters and Galaxie. These have produced a gross profit of over $500,000 in the 2020 year. Stanley also has a 100% success rate with oil production from four wells drilled to date.

Texas wells are providing high returns to oil companies, and with a growing number of projects and acreage, Mosman is well placed for future growth.

South Argentina Oil Wells

Many companies own wells in Argentina and Latin America as it is considered a region rich in resources with 4% of natural gas reserves and 20% of world oil reserves. They are also often undergoing positive development in macro conditions. A strong demand outlook for energy consumption and economic growth coupled with underdeveloped – but lower cost – onshore plays, makes Latin America a favourable region for companies like Echo Energy (ECHO) to deploy its expertise in support of an exploration-led growth strategy.

For the financial year ended 31 December 2020, Santa Cruz Sur at the south-eastern tip of Argentina helped Echo Energy to increase its revenue fourfold to US $11.1mn. This was also due to Echo securing new gas sales contracts at premium rates to the prevailing spot markets in early Q1 2021.

The increase in revenue drove an significant increase in the Echo Energy (ECHO) stock price by 51% from 55p to 83p between December 2020 and January 2021.

Major and Small Suppliers of Oil and Gas

The difference between the barrels of oil supplied can be huge when major suppliers are compared to the small suppliers. But all that glitters is not gold. High supply and production would require a higher demand to be profitable, if the demand of oil stagnates in the future it will affect the major suppliers before the small suppliers.

The big 10 companies accounted for 28% of global oil production in 2020 as shown below.

When this is compared to small oil producers like Echo Energy and Mosman Oil and Gas, Echo Energy produced a cumulative of 94,000 barrels of oil in Santa Cruz Sur in South Argentina. While Mosman Oil and Gas produced a gross of 90,000 barrels of oil in the year ended June 2020. Based on available data, the production of Echo and Mosman combined is 0.2% of the global oil demand.

This is effective during times of recession or when the global demand is low as during unprecedented times a major oil supplier to generate profits and work at full capacity would need to sell between 5-12% of oil demand while small suppliers of oil would need to fulfil a negligible percentage of global demand of oil to turn profitable. This is due to high storing and inventory costs for major oil suppliers as well as higher fixed costs due to bigger operations.

Conclusion

Therefore, even though the oil demand is perceived to be lower in the future due to alternative resources, the demand doesn’t seem to be in decline due to oil having uses other than fuel and gas for cars and transportation like non-combusted petrochemicals. Even if the demand for oil is on the decline it would not affect small oil suppliers; as working at full capacity they fulfil just a small percentage of global oil demand and still manage to make hefty profits.

These among many, are the reasons keeping the oil prices buoyant and in the mix, not only for the present day but also for the future.

#BRES Blencowe Resources Plc – Update on Orom-Cross Graphite Project

20th September 2021 / Leave a comment

Blencowe is pleased to deliver an update to the market in regards to work streams progressing on the Company’s flagship Orom-Cross graphite project in Uganda.

Highlights

Phase Two drilling program was completed in early August; all samples have been prepped and are in transit to laboratories in Australia for assaying.
Blencowe continues to target a revised, upgraded JORC Standard Resource statement in Q4 2021.
Preliminary Economic Assessment (“PEA”) for the initial proposed mining operation at Orom-Cross is considerably advanced and should be completed before 30 September 2021 with public release shortly thereafter.
Forthcoming PEA to be first full commercial model for entire project and will indicate how valuable the Orom-Cross project is on a global scale.

The Orom-Cross project is now developing into an outstanding graphite project based on the recent project milestones achieved and other factors including:

Significant size and scale of the overall deposit will allow substantial future uplifts to production levels to meet anticipated surges in graphite demand;
Highest quality 97-98% concentrate verified by leading independent metallurgical test expert, SGS Lakefield in Canada;
Low risk location to develop a long-term mining operation, with stable Government in Uganda supportive of the mining industry;
Strong community support;
Advanced project, with 21-year Mining License already awarded; and
Opportunity to develop Orom-Cross into a battery metals market that is forecast to grow considerably over next decade, as lithium-ion batteries become highly sought after to power exponential growth in electric vehicles (EVs). Graphite is a key component of the lithium-ion battery.

Cameron Pearce, Executive Chairman commented:

“The Company has made considerable progress over the past sixteen months since Orom-Cross was acquired and is now about to deliver a first economic model to share with the market.

We are confident that the PEA will underline the value that has been built to date and outline further upside that Orom-Cross can become a globally significant graphite project due to its scale and mineralogy.

The PEA will also begin the process of allowing investors to assess the project in the context of it’s global peer group and provide a robust framework for us to progress strategic discussions already initiated with a range of parties such as potential offtake agreements and strategic partnerships. We also look forward to delivering our revised JORC Resource Statement in the fourth quarter of this year.

Following delivery of the PEA we will then seek to progress to a pre-feasibility study (“PFS”) to ensure that we further de-risk the investment decision as we drive towards first production.”

Background to PEA

The completion of the PEA by the end of month comes as a result of a range of key achievements Blencowe has delivered on to date, both in terms of timing and budget, and most specifically the initial JORC Standard Resource statement, the second drilling campaign to further delineate a greater part of these resources to a lower risk category (Indicated and Measured status) and the exceptional metallurgical test results announced in the middle of the year.

The PEA has been built up internally by Blencowe’s management team who have significant experience in this regard, with a stated purpose to be accurate but conservative. However all key numbers within the PEA have been generated via the involvement of third party technical experts to ensure credibility and integrity.

The next step beyond PEA will be for the PFS to commence, which will ultimately be signed off by a third party technical firm. As part of the PFS Blencowe will be opening dialogue with potential offtake partners on quantity, quality and pricing of end products as available for sale.

For further information please contact:

Blencowe Resources Plc

Sam Quinn

www.blencoweresourcesplc.com

Tel: +44 (0)1624 681 250

info@blencoweresourcesplc.com

Investor Relations

Sasha Sethi

Tel: +44 (0) 7891 677 441

sasha@flowcomms.com

Brandon Hill Capital Limited

Jonathan Evans

Tel: +44 (0)20 3463 5000

jonathan.evans@brandonhillcapital.com

First Equity Limited

Jason Robertson

Tel: +44(0)20 7330 1833

jasonrobertson@firstequitylimited.com

Twitter https://twitter.com/BlencoweRes

LinkedIn https://www.linkedin.com/company/72382491/admin/

Background

Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger flakes within the deposit. A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe is moving into the studies phase shortly as it drives towards first production.

Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 16.3Mt @ 6.0% Total Graphite Content. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.

There are now more electric vehicle charging points than petrol stations in UK

15th August 2019 / Leave a comment

The latest figures have revealed there are 9,300 EV charging stations in the UK compared to 8,400 fuel stations

The crossover has taken place a year before Nissan’s 2016 prediction of August 2020 – a result of the fast-improving infrastructure for electric vehicles in the UK. (Image: Blackball Media / SWNS)

Electric car owners now have almost 1,000 more places to publicly charge their vehicle than petrol and diesel owners have to fill their tank, in a landmark tipping point for motorists.

The latest figures have revealed there are 9,300 EV charging stations in the UK compared to 8,400 fuel stations.

The crossover has taken place a year before Nissan’s 2016 prediction of August 2020 – a result of the fast-improving infrastructure for electric vehicles in the UK.

Sales of pure EVs are up by 70 per cent this year as buyers take advantage of government grants and perks such a road tax exemption and, from 2020/21, no company car tax.

In fewer than 100 years since Britain’s first fuel station opened at Aldermaston in Berkshire in November 1919, the number of forecourts has peaked, declined and been overtaken by charging stations designed for battery-powered cars.

The increase in number of EV charging locations in the UK in orange and the number of fuel stations in blue (Image: Nissan / SWNS)

Almost 80 per cent of UK petrol stations have closed since 1970, while the number of electric vehicle charging locations has increased from a few hundred in 2011, when Nissan launched its LEAF electric car in the UK, to 9,300 in August 2019, according to the charging platform Zap-Map.

More than 1,600 of these locations provide ‘rapid charging’, where a typical EV battery can be charged to around 80 per cent in under an hour.

Kalyana Sivagnanam, managing director, Nissan Motor (GB) Ltd, said: “Many consumers are saying their next car will be electric.

“That means the industry needs to ensure their desires are met with both the car and how it interacts with the world around it – where they can charge and how convenient that is for them.

“This includes how far the car can travel, what technologies it has, where it can be charged and how convenient it is for them.

“We’ve moved beyond the early concerns of range anxiety with EVs now exceeding the vast majority of customer’s daily driving needs.
“The next challenge is for charging infrastructure to keep pace with the number of EVs on the road, and that the experience of recharging is as enjoyable and effortless as that of all-electric driving.”

According to Zap-Map, the charging point platform, two new rapid charge devices came online every day in the last month.

Almost all UK motorway service stations have charging stations installed, with the majority providing a rapid charge option.

The introduction of the new Ultra-Low Emission Zone (ULEZ) in April 2019, has led to increasing numbers of London drivers looking to zero-emission solutions for their commuter or commercial transport needs.

Transport for London has installed more than 1,000 EV charge points in the last year alone, yet supply of conventional fuel within the capital is becoming scarcer.

There are now just four petrol stations within the Congestion Charge zone – with nearly half as many per car as in the Scottish Highlands.

Transport secretary Grant Shapps has just announced plans to install more than 1,000 public charging points on residential streets.

With most electric vehicle owners only need to charge at home, the UK government has proposed the installation of charging points for EVs in all new housing.

Since Nissan unveiled the first mass-market electric vehicle – the LEAF – in 2010, EV technology has continually improved, with the latest models both affordable and practical for the majority of new car buyers.

As a result, the UK is experiencing unprecedented growth in the demand for battery-powered transport.

In 2019, demand for battery electric vehicles is up by 70 per cent overall, with registrations in July up by 158.1 per cent alone, resulting in a 1.4 per cent market share – the highest monthly market share on record

Volkswagen plans 22 million electric vehicles in ten years

8th July 2019 / Leave a comment

Almost 70 new electric models by 2028 – instead of the 50 previously planned
Comprehensive decarbonization program for the Volkswagen Group signed off
Volkswagen Group targeting fully CO2-neutral balance by 2050
Diess: “Volkswagen will change radically. We are taking on responsibility with regard to the key trends of the future – particularly in connection with climate protection.”

The Volkswagen Group is forging ahead with the fundamental change of system in individual mobility and systematically aligning with electric drives. The Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned. As a result, the projected number of vehicles to be built on the Group’s electric platforms in the next decade will increase from 15 million to 22 million. Expanding e-mobility is an important building block on the road to a CO2-neutral balance. Volkswagen has signed off a comprehensive decarbonization program aimed at achieving a fully CO2-neutral balance in all areas from fleet to production to administration by 2050. Volkswagen is thus fully committed to the Paris climate targets.

Dr. Herbert Diess, CEO of Volkswagen AG, said: “Volkswagen is taking on responsibility with regard to the key trends of the future – particularly in connection with climate protection. The targets of the Paris Agreement are our yardstick. We will be systematically aligning production and other stages in the value chain to CO2 neutrality in the coming years. That is how we will be making our contribution towards limiting global warming. Volkswagen is seeking to provide individual mobility for millions of people for years to come – individual mobility that is safer, cleaner and fully connected. In order to shoulder the investments needed for the electric offensive we must make further improvements in efficiency and performance in all areas.”

The Volkswagen Group has set milestones in all areas to be achieved in the coming years on the road to complete decarbonization by 2050. The measures follow three principles: first, effective and sustainable CO2 reduction. Second, switch to renewable energy sources for power supply. Third, compensate for remaining emissions that cannot be avoided. In order to improve the CO2 balance of vehicles throughout their lifecycle, for example, Volkswagen has already made a start on the supply chain. A detailed roadmap is currently being drawn up. There is particularly significant potential as regards steel and aluminum supplies.

The 2025 target is to reduce the CO2 footprint of the vehicle fleet by 30 percent across the lifecycle compared to 2015. Volkswagen is therefore electrifying the vehicle portfolio, with investment in this area alone amounting to more than €30 billion by 2023. The share of electric vehicles in the Group fleet is to rise to at least 40 percent by 2030. The first of the new-generation electric vehicles go into production this year: the AUDI e-tron will be followed by the Porsche Taycan. Reservations for each of these models already total 20,000 units. And electric vehicles will be brought into the mainstream with the ramp up of the Volkswagen ID. Other models in this first wave will be the ID. CROZZ, the SEAT el-born, the ŠKODA Vision E, the ID. BUZZ , and the ID. VIZZION.

In order to support the electric offensive, LG Chem, SKI, CATL and Samsung were selected as strategic battery cell suppliers. In view of the constantly increasing demand, Volkswagen is also taking a close look at possible participation in battery cell manufacturing facilities in Europe. Looking further ahead, solid-state batteries also have great potential. The goal is to enable an industrial level of production with this technology together with our partner QuantumScape.

At the same time, CO2 emissions at all plants are to be cut 50 percent by 2025 compared with 2010. The conversion of the power station in Wolfsburg from coal to gas will reduce CO2 emissions by 1.5 million tonnes annually from 2023 onwards. Audi’s production activities at the Brussels site, for example, are already completely CO2-neutral. The Zwickau plant will not only be the lead factory for the Modular Electric Drive Toolkit (MEB); the ID. built there will be delivered to customers with a CO2-neutral balance.

The MEB lies at the heart of Volkswagen’s electric offensive. The cost of e-mobility can be significantly lowered through partnerships to enable the widest possible spread of the MEB and the associated economies of scale. That makes individual mobility affordable and usable for the mainstream in the future as well. One example of such a partnership is the planned cooperation with Aachen-based e.GO Mobile AG recently announced at the Geneva International Motor Show.

To boost e-mobility further, we will be installing 400 fast-charging stations along Europe’s major roads and highways by 2020 in collaboration with industry partners in IONITY. 100 of these will be located in Germany. That means there will be a station every 120 kilometers. Elli (Electric Life), Volkswagen’s new subsidiary, will also offer wallboxes for charging at home, using green power – initially in Germany. In addition, there will be 3,500 charging points on employee car parks at all plants with further charging opportunities at dealerships.

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