Braga DST "stores" Chinese group that will invest 2 billion in Sines

Leader of the New Generation Storage consortium, which intends to develop next-generation batteries, with an investment of 239 million euros and which has funding from the Recovery and Resilience Plan (RRP), the DST group has entered into an alliance with the Chinese lithium battery manufacturer CALB , which will build a gigafactory in Sines, with an estimated investment of two billion euros.

Last Monday, as part of the ceremony to launch the construction of the Sines gigafactory, the group from Braga signed "an agreement that aims to define the main terms of the battery recycling and energy storage services", revealed the DST, in a statement.

In battery production, the collaboration between DST and CALB will focus "on developing a sustainable circular value chain between the battery manufacturing process and the recovery of critical battery raw materials, through the introduction of sustainable recycling processes."

According to the group led by José Teixeira, these processes "will allow the recovery and reuse of almost all (98%) of battery waste from battery production, ensuring critical reductions in the carbon footprint of battery manufacturing processes".

In stationary storage solutions, the agreement signed between DST and CALB points to the development of "competitive solutions focused on the commercial, industrial and energy concessionaire segments, allowing decentralized storage solutions, critical for the temporal change in energy consumption, but also to allow network stability".

An agreement that thus opens up "the opportunity for an even more sustainable battery manufacturing process", emphasizes DST.

For José Teixeira, CALB's investment in a gigafactory in Sines, "with full consideration, from the outset, of recycling needs, is a very significant step in the development of a sustainable battery value chain in Portugal".

"Stationary storage solutions will be fundamental in the future of grid stability and this cooperation will certainly develop customized and prevailing energy solutions", signals the president of the group based in Braga, which employs 3,800 people and had a turnover of over 700 million euros last year.