– Memorandum of Understanding for the procurement of up to 200 t of IBUvolt battery material per year to Norwegian battery manufacturer
– Development partnership for high-performance batteries
– Long-term development of a sustainable European battery materials supply chain to ensure regional independence
– IBU-tec is the sole producer and supplier of LFP battery materials in Europe
Weimar, 2 May 2022 – IBU-tec advanced materials AG (“IBU-tec”, ISIN: DE000A0XYHT5) has concluded a Memorandum of Understanding with the Norwegian battery producer Morrow Batteries on the supply of LFP cathode material for a pilot plant of up to 200 t per year. IBU-tec will supply the first batches of its own IBUvolt battery material for current year testing. During this phase, both companies…