Minerals group ICL forms ESS business unit

Minerals group ICL forms ESS business unit

Minerals group ICL forms ESS business unit 748 454 Energy Storage Journal

June 9, 2022: Israel-based minerals company ICL said on May 27 it planned an expansion of its products and services with the launch of a new business unit focused on the energy storage market.

The dedicated energy storage solutions unit follows ICL’s entry into the lithium iron phosphate battery market in China last year.

ICL said it is looking to expand its presence beyond its existing speciality products used in cathode active materials and in bromide-based batteries.

ICL’s executive vice president and chief innovation and technology officer, Anantha Desikan (pictured), said the company was committed to expanding in the broader battery market in Europe and the US.

“This new unit has established dedicated battery resources at three of our global R&D centers and research includes exploring battery end-of-life recycling,” Desikan said.

“We are also investigating ways to advance energy storage and battery performance, and we continue to explore capacity expansions, partnerships and other types of collaborations, as part of these efforts.”