November 10, 2022: Polish know-how and mining funding group Famur acquires a majority stake in Affect Clear Energy Know-how – the corporate creating a gigafactory battery system within the nation – Affect introduced on November 9 .
Affect didn’t disclose the quantity of Famur’s funding, which it stated will allow the “speedy building” of its GigafactoryX undertaking.
Famur CEO Mirosław Bendzera stated the acquisition will result in an injection of working capital to spice up the event of battery techniques.
“We wish to use the benefits constructed up over time to develop and develop the enterprise for the rising marketplace for battery techniques and power storage,” he stated.
Affect, which has been promoting battery techniques in Europe, New Zealand and the US since 2007, introduced the beginning of labor on its gigafactory undertaking on June 29.
It stated the power will produce energy techniques based mostly on lithium ion cell applied sciences – LTO, LFP and NMC – and can improve the corporate’s present manufacturing capability from round 1MWh to 5GWh per 12 months. Manufacturing ought to start in 2024.
In July, Affect stated it signed a battery cell improvement and provide settlement with Slovak battery tech developer InoBat.