PCBL : Li-Ion batteries

 


  • PCBL : Li-Ion batteries 
  • Nanovace Technologies Ltd. (JV Company) is setting up a large pilot plant at Palej site which will develop Nano-Silicon additives to be used in anodes of Li-Ion batteries.
  • PCBL Nanovace Technologies is a joint venture between PCBL and Kinaltek (Kindia) that creates nano-silicon materials for energy storage systems and electric vehicles (EVs)
  • PCBL & Kindia has entered into a JV agreement for developing Nano-Silicon products to be used in anodes of Li-Ion batteries 
  • PCBL will hold 51% and Kindia will hold 49% in Nanovace 
  • Cash consideration of USD 44 mn in stages (subject to completion of certain milestones) in the JV Company for setting up a manufacturing facility for such products
  • Ownership of 2 IP transferred to JV company to be licensed by Kindia   
  • About Nanovace : 
  • World’s first, unique Technology Platform which enables conversion of widely available Silicon/ Graphite precursors to battery grade Nano Silicon/ Graphite, using a single stage, green (1/5th energy intensity) electro chemical process. 
  • Nanovace's innovative, low-cost proprietary technology is set to transform the battery industry In Mar’24
  • It will manufacture and sell products related to nano-silicon technology or any other battery technology application derived from the Transferred IP.  

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