QuantumScape CEO Jagdeep Singh on Tuesday said the solid state battery business made a major technical breakthrough and is looking for space for a pre-production plant in San Jose to build.
The San Jose lithium project is estimated to produce 525,000 tonnes per annum (tpa) of concentrate, including 16,500tpa of battery-grade lithium hydroxide (LiOH), over its anticipated production life of 30 years. The total pre-production capital expenditure on the project is estimated to be $309m.
The San José Lithium Project provides substantial advantages in supplying the European market through the use of one of the few economically viable sources of lithium raw material in the EU and strategic alignment of downstream processing facilities.
Electric vehicles will also reduce the noise profile of the Project. The region of Extremadura is one of the largest centres of renewable energy in Europe. This gives the San José Lithium project and ability to power its fleet, its infrastructure and potentially produce green Hydrogen for its kiln with minimal carbon footprint.
Infinity acquired an additional 25% stake in the project following a renegotiated JV agreement in March 2019. The San Jose lithium project is estimated to produce 525,000 tonnes per annum (tpa) of concentrate, including 16,500tpa of battery-grade lithium hydroxide (LiOH), over its anticipated production life of 30 years.
Infinity Lithium subsidiary Extremadura New Energies maintains a 75% ownership interest in the San José Lithium Project. The Project is located approximately 3 hours from Madrid and 3.5 hours from Lisbon accessible by dual lane highway.
QuantumScape Corp. on Tuesday said it's made a breakthrough in the development of solid state electric batteries that it has promised will provide more power at a lower costs than the lithium-ion cell batteries now used in electric vehicles.
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