Listen to this articleBelow is our recent interview with David Taylor, CEO at Magnis Energy Technologies Ltd:
Q: David, can you tell us something more about your company?
A: Magnis Energy Technologies Ltd is a vertically integrated lithium-ion battery technology and materials company with strategic assets, investments and partnerships in the electrification supply chain. The company’s US based subsidiary Imperium3 New York, Inc (“iM3NY”) operates a Gigawatt scale Lithium-ion battery manufacturing project in Endicott, New York. Magnis along with its joint venture and technology partner Charge CCCV LLC (“C4V”) are the major shareholders in iM3NY which plans to commercialise C4V’s patented technology to produce green credentialed lithium-ion battery cells. Magnis also has a minority stake in C4V and has exclusively licensed their anode processing technology with an aim to produce high performance anode materials utilising high purity natural flake graphite from Magnis’ Nachu Graphite Project in Tanzania. The company’s vision is to enable, support and accelerate the green energy transition critical for the adoption of Electric Mobility and Renewable Energy Storage.
Q: Any highlights on your recent announcement?
A: Our gigawatt scale lithium-ion battery manufacturing facility in New York is at 84% completion with the remaining 12% consisting of some cosmetic changes to the factory and minor works to an internal office area and the gradual ramp up of production. Fully automated production is expected to commence shortly once the relevant certificates have been provided.
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Q: Can you give us more insights into your offering?
A: Magnis’ New York Li-ion battery manufacturing facility, iM3NY plans to commercialise C4V’s patented technology to produce green credentialed lithium-ion battery cells utilising a non-China reliant supply chain. The first generation of batteries to be produced are both nickel and cobalt free making it a cheaper and cleaner battery chemistry compared to those that do. C4V has developed many patented technologies in the lithium-ion battery technology space and is a participant in USCAR – a collaborative technology company comprising the likes of Ford, GM and Stellantis.
Magnis also has a high purity graphite mining project in Tanzania where they can produce high-purity natural flake graphite, a key raw material for anodes in Li-ion batteries. Through the company’s exclusive licence of C4V’s anode processing technology, Magnis Li-ion anode development program can produce anode active material without the need for chemical purification and through mechanical processes only.
Q: What can we expect from your company in next 6 months? What are your plans?
A: Magnis’s New York based iM3NY Lithium-ion battery plant is on the verge of fully automated production with production ramp up to increase over the remainder of the year and into 2023. The company’s future plans are to scale up to 38GWh of annual capacity by 2030. Magnis also continues to work with its battery technology and research partner C4V in areas such as extra fast charging and anode materials development. The company also plans to complete an updated BFS for their Nachu Graphite Project in Tanzania with future plans to finance and subsequently commence construction of their processing plant. Magnis has already secured a binding offtake agreement for its unique, high purity graphite with Traxys Europe.
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Q: What is the best thing about your company that people might not know about?
A: Nobel prize laureate Prof M. Stanley Whittingham is a former board member and advocate of Magnis Energy Technologies and its New York based Lithium-ion battery manufacturing facility, iM3NY and its technology partner C4V.
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