This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world’s biggest automakers.
Benjamin Girette | Bloomberg | Getty Images
Stellantis is turning to Australia as it looks to procure the materials needed for its electric vehicle strategy in the years ahead.
On Monday, the automaker said a non-binding memorandum of understanding related to the “future sale of quantities of battery grade nickel and cobalt sulphate products” had been signed with Sydney-listed GME Resources Limited.
According to Stellantis, the MoU is centered around materials sourced from the NiWest Nickel-Cobalt Project, which has been earmarked for development in Western Australia.
In a statement, the firm described NiWest as an operation that would produce around 90,000 tons of “battery grade nickel and cobalt sulphate” for the EV market each year.
Stellantis said that, so far, over 30 million Australian dollars (around $18.95 million) had been “invested into drilling, metallurgical test work and development studies.” A definitive feasibility study for the project is due to begin this month.
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In its statement Monday, Stellantis — whose brands include Fiat, Chrysler and Citroen — referenced its goal of all passenger sales in Europe being battery electric by the year 2030. In the U.S., it wants a “50% passenger car and light-duty truck BEV sales mix” within the same timeframe.
“Securing the raw material sources and battery supply will strengthen Stellantis’ value chain for electric vehicle battery production,” Maxime Picat, chief purchasing and supply chain officer at Stellantis, said.
Stellantis’ electric vehicle plans put it in competition with firms such as Elon Musk’s Tesla as well as companies like Volkswagen, Ford and GM.
According to the International Energy Agency, electric vehicle sales are on course to hit an all-time high this year. The sector’s expansion and other factors are creating pressure points when it comes to the supply of the batteries crucial for EVs.
“The rapid increase in EV sales during the pandemic has tested the resilience of battery supply chains, and Russia’s war in Ukraine has further exacerbated the challenge,” the IEA notes, adding that prices of materials like lithium, cobalt and nickel “have surged.”
“In May 2022, lithium prices were over seven times higher than at the start of 2021,” it adds. “Unprecedented battery demand and a lack of structural investment in new supply capacity are key factors.”
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In April, the CEO and president of Volvo Cars predicted that scarcity of battery supply would become a pressing issue for his sector, telling CNBC the firm had made investments that would help it gain a foothold in the market.
“Recently, we made a reasonably substantial investment with Northvolt, so that we are in control of our own battery supply as we go forward,” Jim Rowan told CNBC’s “Squawk Box Europe”.
“I think battery supply is going to be one of the things that comes into scarce supply in the years to come,” Rowan added.
“And that’s one of the reasons we made that substantial investment with Northvolt: So that we can be in control not just of the supply, but we can actually start to develop our own battery chemistry and production facilities.”
Renault’s charging plans
Monday also saw Mobilize, a brand of the Renault Group, announce plans to roll out an ultra-fast charging network for EVs in the European market. Mobilize Fast Charge, as it’s known, will consist of 200 sites in Europe by the middle of 2024 and “be open to all electric vehicles.”
The development of adequate charging options is seen as being crucial when it comes to challenging perceptions surrounding range anxiety, a term that refers to the idea that electric vehicles aren’t able to undertake long journeys without losing power and getting stranded.
According to Mobilize, the network in Europe will enable drivers to charge their vehicles 24 hours a day, seven days a week. “Most of the stations will be at Renault dealerships less than 5 minutes from a motorway or expressway exit,” it added.
Leading electric vehicle analyst, author, and industry thought leaders Loren McDonald and Bill Ferro stop by Quick Charge to discuss EV Adoption’s acquisition by Paren, the “crisis” of EV charging reliability, and the real state of the EV market.
Depending on who you listen, EVs are either driving brands to record growth and are about cross that critical 10% of the overall market nationwide, or the future is bleak, the market is down, and EVs just aren’t selling. What’s really going on? Loren and Bill (probably) have some answers.
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Chevy EV owners in Texas who have Reliant as their electric utility can now charge for free at night with renewable energy.
Over 150 Chevrolet dealerships across Texas are now offering the Reliant Free Charge Nights plan to new EV buyers. With Free Charge Nights, customers can offset their charging costs by receiving credits for electricity used between 11 pm and 6 am. The plan is powered entirely by renewable energy, thanks to the purchase of renewable energy certificates (RECs).
Rasesh Patel, president of NRG Consumer, says the plan is about making power personal: “We’re excited to help Chevrolet EV drivers offset the cost of charging their vehicle all while having access to a renewable electricity plan.”
This collaboration aims to make EV adoption more appealing by making charging cheaper and greener. GM Energy’s chief revenue officer, Aseem Kapur, emphasized that partnerships like this help build the ecosystem needed to support an all-electric future: “The Reliant Free Charge Nights plan is a great example of how an automaker and an energy company can work together to make EV adoption an easy decision.”
Existing Reliant customers can also sign up for the Free Charge Nights plan. To get started, Chevrolet EV owners need to designate their vehicle on the GM Energy Smart Charging Portal before enrolling in the plan.
Reliant Energy, a subsidiary of NRG Energy, serves over 1.5 million customers in Texas, making it one of the largest electricity providers in the state.
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Texas is about to get a major power boost – a new AI-powered virtual power plant (VPP) delivering capacity equivalent to 200,000 homes during peak demand.
NRG Energy is teaming up with Renew Home to bring nearly 1 gigawatt (GW) of capacity to the Texas grid by 2035, aiming to make it more resilient while helping residents save on energy costs.
The new VPP will rely on hundreds of thousands of smart thermostats and other connected home devices, making use of AI technology provided by Google Cloud. These devices, like Vivint and Nest smart thermostats, will be offered to eligible customers at no cost. By automating HVAC adjustments, they help shift energy use to when electricity is cheaper, cleaner, and less strained.
NRG and Renew Home have big plans for the VPP. Starting in spring 2025, the companies plan to roll out the program across Texas, installing these smart thermostats in homes served by NRG’s retail electricity providers. Eventually, they plan to add home battery storage and EVs to expand the power plant’s capabilities.
Texas has faced record-breaking energy demands, with peak usage hitting 85 GW in 2023. As the state’s population grows and extreme weather becomes more frequent, VPPs like this one could play a key role in stabilizing the grid. VPPs aggregate a lot of small-scale energy resources, from smart thermostats to home batteries, and use them to help balance supply and demand during times of high stress on the grid.
This nearly 1 GW VPP will be one of the largest of its kind in Texas. NRG’s president of consumer operations, Rasesh Patel, calls it a “pivotal step” for improving customer experience while making Texas’ energy infrastructure more sustainable and resilient.
In addition to Renew Home, NRG is working with Google Cloud to maximize the power plant’s effectiveness. Google Cloud’s AI and analytics tools will help predict weather conditions, forecast renewable generation, and optimize energy usage, all of which will help make energy management smoother for both customers and the grid.
Ben Brown, CEO of Renew Home, said:
NRG’s commitment to creating a more resilient and sustainable energy future while also making electricity bills more affordable makes them an ideal partner for co-developing this unique VPP program.
This initiative raises the bar for future-proofing our electricity infrastructure and delivering cost savings to customers.
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