Northvolt and Stora Enso to develop batteries from forestry byproduct

Northvolt logo is pictured in the Northvolt office in Stockholm, Sweden June 14, 2018. REUTERS/Esha VaishRegister now for FREE unlimited access to Reuters.comRegisterHELSINKI, July 22 (Reuters) – Swedish battery maker Northvolt and Finnish-Swedish forestry company Stora Enso are trying to develop batteries from forestry byproduct lignin, the companies said on Friday.A part of wood that binds tree fibers together, lignin accounts for 20-30% of a tree and used to be burned for energy. After years of research and development, it could be turned into new products by forestry giants letting go of paper.”Our lignin-based hard carbon…will secure the strategic European supply of anode raw material,” head of Stora’s biomaterials unit Johanna Hagelberg said in a statement outlining a development agreement between the companies.Register now for FREE unlimited access to…

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