Chief Executive Officer Bruno Papaj said the firm signed a memorandum of understanding with an Indian investor on the construction of Albania’s first lithium ion battery plant. The facility is planned to come online within two years, with 100 MW in annual capacity.
The transition to electric and hybrid vehicles is making lithium ion batteries a strategic technology, as other available solutions are still in their infancy. The administration in Brussels is counting on the countries that it sees as reliable to provide the critical materials for the energy transition.
Asked about whether the company intends to source lithium materials from Serbia, founder and CEO Nemanja Mikać told Balkan Green Energy News that the plan is to import the commodities. ElevenEs requires lithium iron phosphate for cathodes, he stressed. Mikać noted that Rio Tinto’s project is on hold in Serbia.
Lithium-ion batteries are the leading energy storage solutions due to their outstanding energy density, resilience, and lightweight nature. They can be used for a variety of purposes, such as storing renewable energy or powering electric vehicles, which helps to create a more efficient and sustainable energy grid.
As for lithium, there are 20 projects in Europe, of which eight are in Serbia! Rio Tinto’s Jadar endeavor, which is formally suspended, is marked as the only one in the feasibility stage. Raduša, Valjevo, Kosjerić, Rekovac, Vranje-South, Badanja and Bela Crkva are in the early stages of development.
Hydropower makes up almost the entire domestic output in Albania, which helps balancing to a point, but it has no pumped storage hydropower plants. Furthermore, the country is exposed to drought and often turns to emergency imports.
Albania lithium battery new materials project
The new lithium-ion battery includes a cathode based on organic materials, instead of cobalt or nickel (another metal often used in lithium-ion batteries). In a new study, the researchers showed that this material, which could be produced at much lower cost than cobalt-containing batteries, can conduct electricity at similar rates as …
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