PowerCo

🔋 PowerCo TechFair 2024: Celebrating the Smart Minds Behind Our Unified Cell   Last week, over 300 colleagues from our Tech Department came together in Brunswick for our second TechFair: a day dedicated to showcasing the work driving PowerCo’s battery development, including our Unified Cell technology. 👨🔬🔬   “Today’s TechFair is a reflection to our achievements and challenges in 2024 as well as the next level we are going to take. Thank you all for your dedication and exceptional contributions." said our CTO HW Vassen.   Throughout the day, our experts shared insights and cutting-edge developments shaping the future of battery technology. The highlight was the Poster Fair, where over 60 teams presented innovations from cathode mixing improvements to high-voltage battery advancements. These projects showcased the technical expertise, creativity, and passion driving PowerCo’s mission toward sustainable mobility.   A huge thank you to everyone who contributed to making TechFair 2024 a success!   Let’s keep shaping the future of mobility together! 

Continuing our commitment to sustainable energy, we’re excited to announce the partnership with EnviTec Biogas AG. Starting in 2025 and over the next ten years, they will supply #SalzGiga with an annual supply of 65 GWh. Sourced from a new solar park in Buckow, Brandenburg, which has been operational since early October. ☀️ EnviTec Biogas AG is a leading biogas supplier from Lower Saxony, but is now also involved in the expansion of solar power. Their expertise and commitment to sustainable energy generation have enabled them to successfully realize a wide range of systems of various sizes and applications worldwide. 🌍 Only green electricity that is self-generated or supplied in a coupled form makes a demonstrable contribution to climate protection. Coupled supplies must be regulated carefully and in detail for the entire supply chain. With our PPA collaborations, we are taking this step further in the climate-neutral transformation.   #PowerCo #PowerSupply #Sustainability #PPA

PowerCo and Volkswagen are investing into North American Lithium Company Patriot Battery Metals to secure lithium from Quebec, Canada. Patriot Battery Metals is based in Vancouver and currently develops the Shaakichiuwaanaan Project in Quebec, Canada – one of the largest lithium resources in the Americas. Patriot‘s goal is to extract lithium for EV batteries with the highest ESG standards and a North American footprint. And we at #PowerCo are ready to join Patriot in this endeavour! Our strategic partnership includes: 💵 Volkswagen Group invests 48 Mio. US dollars for 9.9 percent of shares in Patriot Battery Metals ⛏️ Supply Commitment for about 100.000 tonnes of battery-grade lithium as soon as the mine starts to produce 🇨🇦 Joint agreement to further explore potential fields of collaboration, including the development of a chemical conversion facility. PowerCo-CPO Jörg Teichmann: “This is the next step in PowerCo’s mission to become a global battery player with roots in Europe and North America. By building a North American supply chain for EV batteries together with partners, we are strengthening our footprint in the region and driving forward the development of a resilient, sustainable battery industry. We are very pleased to have found such a partner in Patriot Battery Metals and to support the team in becoming one of the global lithium leaders.“ Big thank you to Patriot-CEO Ken Brinsden for all the trust in PowerCo and Volkswagen and Shout-Out to the Raw Materials team around Thomas Eckardt, Bartosz T. Karykowski and Jon Mulcahy for making it happen! 

Updates from PowerCo Spain: Construction is Underway! 🏗️   PowerCo Spain is making great progress on our gigafactory in Sagunto. Over 300 prefabricated concrete pillars, produced in Buñol and Zaragoza, are being installed at Parc Sagunt II, marking an important milestone. These pillars, along with 12 million tons of steel, will form the foundation for our #batterycell production facility for electric vehicles. 🔋   In the next six months, we’ll focus on building production blocks and the energy and cooling systems center. The structures will reach heights of 18-24 meters, with each pillar supporting over 70 tons, which equivalent to the weight of 60 cars! 🚗   This rapid construction highlights our commitment to speed, quality, and safety, as well as our collaboration with local partners to foster regional growth and employment. With over 180 external workers on-site, we expect the workforce to surpass 1,000 by mid-2025 as the site continues to expand.   This project is co-funded by the Spanish PERTE VEC program and Next Generation EU funds. 🤝   We’re excited to close the year with such a great milestone from Spain and can’t wait to share more updates on the progress in the coming year! #powercospain

We’re introducing our partnership with Alterric, one of our green energy suppliers for #SalzGiga. Starting in 2025, an annual supply of 240 GWh will come from four wind projects in Lower Saxony, operating independently without government subsidies.   Alterric, an independent producer in the field of renewable energies in Europe, manages over 2,400 megawatts of installed capacity from its own wind and hybrid parks.   “The off-take agreement between PowerCo and Alterric demonstrates how important the Power Purchase Agreement (PPA) model is for the industry to meet its high-quality standards in electricity supply. The direct agreement between buyer and producer guarantees this quality,” says Dr. Frank May, Chief Executive Officer of Alterric.   Together, we’re driving sustainable energy solutions for the future. ⚡️🤝🔋   #PowerCo #PowerSupply #Sustainability #PPA

Less CO2, More Power. ⚡️ Our newly signed Power Purchase Agreements (PPA) secure green energy for our Gigafactory in Salzgitter. Given the energy-intensive process of cell production, using 100% renewable electricity is a powerful step toward reducing our carbon footprint.   Chief Procurement Officer, Jörg Teichmann , highlights: “We want to build a robust, European battery supply chain that also sets high standards in terms of sustainability. With the purchase agreements that have now been agreed, we are ensuring that our cell factory in Salzgitter is operated with green electricity. At the same time, we are making a contribution to the further expansion of renewable energies in Europe.”   #SalzGiga will be powered by wind energy from Alterric and solar energy from EnviTec Biogas AG. ☀️🌬️  #PowerCo #PowerSupply #Sustainability #PPA

E-Mobility feels so normal these days – but it hasn’t always been this way! In this video, we’ve gathered a few key moments that chart the fascinating journey of electric mobility, from its early beginnings to where we are today.   Starting with the invention of electromagnetic principles that laid the foundation, to the wide range of electric vehicle options available today, it’s been a story of innovation, persistence, and progress.   At PowerCo, we’re already contributing our part to this evolving history – shaping the future of e-mobility while standing on the shoulders of pioneers who came before us.   Join us as we explore how far we’ve come and look ahead to where this journey might take us next. 🚗⚡ #PowerCo #eMobility

3 TWh of Green Energy to power our first Gigafactory! ⚡ We are staying true to our commitment to carbon-neutral production. By securing our first long-term power purchase agreements (PPAs) with Alterric and EnviTec Biogas AG, we are taking a big step forward to guarantee a sustainable power supply for the future production of our unified cell. 🔋 Starting in 2025, our Gigafactory in Salzgitter will be powered by around 240 GWh of wind energy from Alterric and approximately 65 GWh of solar energy from Envitec every year. ☀️ Over a period of 10 years, this adds up to a total of 3 TWh of green energy - supplied exclusively from wind and solar sources. Where does this green energy come from? 🌬️ The wind power will be generated by four new wind projects in Lower Saxony, while the solar energy will come from Envitec’s new solar park in Buchow, Brandenburg, which is set to be operational soon. This new agreement will have a positive environmental impact, saving around 110,000 tons of CO2-equivalents annually. Our Chief Procurement Officer, Jörg Teichmann, highlights: “PowerCo aims to set high standards when it comes to sustainability.” With these new agreements, we’re proud to contribute to a cleaner energy future and ensure that our Gigafactory is powered entirely by renewable sources.🌱 #RenewableEnergy #Sustainability #GreenPower #PowerCo

As a battery company, supporting electric vehicles is in our DNA. Now we are joining Volkswagen Groups #EnterElectric campaign. ⚡️ Our mission is to drive the shift towards electric mobility and renewable energy by establishing a local battery industry. Every step we take brings us closer to a sustainable future fueled by clean energy. With new technologies come lots of questions from consumers: Does an EV fit into my everyday life? How long does it really take to charge a car battery? Will EVs improve our means of transport? The Enter Electric! campaign is here to answer all of them and make #eMobility more accessible to everyone. Is your knowledge up-to-date? Check it at the e-mobility information hub 👉 https://lnkd.in/dBSreG3v With our unified battery cell, we’re contributing to an electric and sustainable future - one charge at a time. 🔋

Recharging Europe’s battery cell industry: Insights from the Handelsblatt Autogipfel 2024 🚗🔌   The Handelsblatt #Autogipfel brought together industry leaders and decision-makers for a dynamic exchange on the transformation of the automotive sector.   We gained valuable insights and had the chance to contribute to key conversations:   ➡️ During a panel discussion with Ulrich Grethe (Salzgitter AG) and Dr. Manuel Kallweit (Verband der Automobilindustrie) about Germany as an industrial location and the challenges of the transformation towards greater sustainability ➡️ Through the keynote speech delivered by our CEO Frank Blome. ➡️ By showcasing a behind-the-scenes glimpse of our gigafactory in #Salzgitter.   A special thanks to Handelsblatt and Salzgitter AG for hosting this impactful event and for giving us the opportunity to participate, as well as Nicole Bastian and Markus Fasse for expertly moderating the sessions.   It was a pleasure to join these conversations here in Salzgitter, PowerCo’s home base and a key location driving Europe’s eMobility transformation. 🔋