IBU-tec is benefiting from rising demand for battery materials to meet the volumes required as transportation moves to electric vehicles (EVs) and battery energy storage systems are deployed to address the variable power output from renewable energy sources. Engagement with a major battery manufacturer in the Far East represents an opportunity to increase its output of battery materials by an order of magnitude. We note that IBU-tec’s fortunes are not tied to any one battery technology
13 Sep 2019
IBU-tec - Battery materials driving growth
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IBU-tec - Battery materials driving growth
IBU-tec advanced materials AG (IBU:ETR) | 0 0 0.0%
- Published:
13 Sep 2019 -
Author:
Anne Margaret Crow -
Pages:
6
IBU-tec is benefiting from rising demand for battery materials to meet the volumes required as transportation moves to electric vehicles (EVs) and battery energy storage systems are deployed to address the variable power output from renewable energy sources. Engagement with a major battery manufacturer in the Far East represents an opportunity to increase its output of battery materials by an order of magnitude. We note that IBU-tec’s fortunes are not tied to any one battery technology