TEL AVIV, Israel–(BUSINESS WIRE)–ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced it has created a dedicated internal unit focused on energy storage. In response to increasing demand for lithium-ion (Li-ion) batteries destined for electric vehicles and other energy storage offerings, the company swiftly adjusted its organizational structure and developed a global, multidisciplinary team, to address these opportunities.
The new unit follows ICL’s successful entry into the lithium iron phosphate (LFP) battery market in China in 2021 and will expand on the company’s current capabilities and refine its product offerings for the rapidly growing energy storage market. The company is looking to expand its presence beyond its existing specialty products used in cathode active materials (CAM) and in bromide-based batteries….