AMG CRITICAL MATERIALS N.V. AMG Advanced Metallurgical Group N.V. announced the Management Board has approved to build a Vanadium Electrolyte plant at its subsidiary, AMG Titanium, in Nuremberg, Germany. The target capacity is 6,000 m³ vanadium electrolyte. Basic engineering for the plant was completed in November, with production expected to start at the end of 2023.
Given the outlook for the vanadium redox flow battery market, AMG Titanium's technological expertise in producing highly purified Vanadium products, and AMG LIVA's raw material requirements for the battery Hybrid Energy Storage Systems, this expansion is a vital strategic investment for AMG and will strengthen AMG's strategy to enable energy efficiency and CO2 reduction for its customers in industrial operations.
