Microvast Holdings, Inc., a technology pioneer that creates lithium-ion battery solutions, confirmed its involvement in a mining industry electrification consortium headed by Shell.
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By moving away from a long-standing reliance on diesel, the consortium’s trial offering of electrification solutions for off-road mining trucks intends to promote the electrification of mining sites and cut emissions without sacrificing safety or operational efficiency.
Together with the other consortium members, Shell aims to provide a complete, interoperable, and flexible solution for the mining sector that takes advantage of microgrids for power provisioning, ultra-fast charging, and in-vehicle energy storage.
Microvast has been charged by the consortium by providing a unique high-powered battery system with ultrafast charging capabilities.
The ultra-high voltage (>1000 VDC), lithium titanium oxide (LTO), a lithium-ion battery system that Microvast is working to develop will be essential for enabling the high power, ultrafast charging, and heavy-duty use solution that the consortium is tasked with delivering.
This battery system will have a long cycle life of up to 20,000 cycles under normal operating conditions. The LTO battery system from Microvast is anticipated to reach best-in-class energy density, guaranteeing that the application will receive enough energy while still adhering to weight and space constraints.
Microvast has more than ten years of experience in developing, manufacturing, and deploying LTO lithium-ion batteries and delivered its first LTO battery for electric vehicle applications in 2011. Industries such as engineering equipment, rail transportation, marine, and energy storage can also use high-voltage LTO batteries.
We are proud to partner with Shell and the consortium, working together to accelerate industrial decarbonization efforts. Shell's commitment to sustainable initiatives and net-zero emissions is inspiring and we are excited for our innovative battery solutions to become a part of their electrification journey.
Sascha Kelterborn, President and Chief Revenue Officer, Microvast
Grischa Sauerberg, Vice President, Sectoral Decarbonization and Innovation at Shell stated, “The challenge of decarbonization is immense, but not impossible—providing collaboration and innovation go hand in hand.”
Sauerberg added, “To overcome these challenges and unlock these opportunities, Shell is helping to bring together some of the sector’s most innovative companies—with electrification proving an important first step towards the shaping of a clear decarbonization pathway.”
Source: https://microvast.com/