Gem chemical energy storage

What are chemical energy storage materials?

Abovementioned chemical adsorption/absorption materials and chemical reaction materials without sorption can also be regarded as chemical energy storage materials. Moreover, pure or mixed gas fuels are commonly used as energy storage materials, which are considered as chemical energy storage materials.

What does gem do with used power batteries?

GEM will receive used power batteries and scrap from Farasis' global supply chain and process them into recycled battery-grade nickel, cobalt and manganese sulphates and ternary precursors and ternary cathode active materials. These products will then return as feedstock supplies to Farasis for its battery production.

What is green eco-manufacture (gem)?

Major Chinese cobalt refiner and lithium cathode precursor manufacturer Green Eco-Manufacture (GEM) is building a production complex to recycle decommissioned power and energy storage batteries and used battery materials in Yibin in southwest China's Sichuan province.

What does gem do?

GEM’s main businesses are nickel-cobalt-lithium resource recycling, battery recycling, and ternary precursor and cobalt oxide production. Its clients include several major battery material processors and battery makers including South Korea's EcoPro and China’s Contemporary Amperex Technology, or CATL.

Why did gem stock rise?

(Yicai Global) Oct. 18 -- GEM’s shares rose after the Chinese battery materials recycler and supplier announced it had secured a long-term supply agreement with lithium battery materials processor XTC New Energy Materials. GEM’s stock price [SHE:002340] closed up 3.2 percent at CNY11.52 (USD1.79) today. The broader Shenzhen market fell 0.5 percent.

Why is chemical energy storage important?

Chemical energy storage plays a vital role as an enabling technology for renewable and hybrid energy systems. The majority of current energy need in the world is met by the fossil fuel due to its availability, economics, and the infrastructure to use it in major four sectors: industrial, transportation, residential, and commercial.