5.17 GDI Leads Silicon Anode Manufacturing and Supply Chain Alliance and Secures USD13.3 million in funding

GDI, an EIT InnoEnergy-supported manufacturer of 100% silicon anodes, signed a memorandum of understanding (MoU) at The Business Booster event in September 2022 with AGC Glass Europe (AGC) - a world leader in flat glass for the automotive, solar, and high-tech industries - and Carl Schlenk AG (Schlenk) - a German-based leading international manufacturer of metal powders, pigments and foils for a wide variety of industries - to lead an advanced silicon anode alliance.

Over the next decade, AGC and Schlenk will work in close collaboration with GDI and provide technology, raw materials, know-how and services required for the alliance to grow production of GDI’s 100% silicon anode to industrial scale, with the goal of achieving 100 MWh in 2024, one GWh of anode production capacity in 2026 and 10GWh capacity in 2028. It is important that Europe has its own manufacturing facilities in response to the risk of dependency on battery raw materials sourced from China.

Also in September, GDI completed a major Series A funding round – securing USD 13.3 million - with EIT InnoEnergy and Helios Climate Ventures. It has now commenced pilot production in Europe as electrification and the energy transition create increased global demand for Li-ion batteries that have higher energy density, faster charging, and are safe.

Ro BERT Ans TE y Founder and CEO of GDI

I’m extremely excited about what this alliance will accomplish. By combining GDI’s 100% silicon anode technology with Schlenk’s leading high strength foil production, and AGC’s best in class production equipment, we can bring a vertically integrated anode to the EU battery market.

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