Li-Cycle Q4 revenues fell 32% on low metals prices; Rochester hub on track
Lithium-ion battery recycler Li-Cycle saw revenues fall 32% in its fourth quarter due to a fall in metals prices, while its Rochester hub in New York state is on track for a late 2023 opening. Li-Cycle had revenue from product sales and recycling services of US$3.5 million in the three months to October 31, 2022, the end of its financial year. That is 14.6% lower than the US$4.1 million it recorded in the same period the previous year, which it attributed to the decrease in metals prices, primarily cobalt.
You are not logged in
If you want to read more, join the ENERGY-HUB club
LoginTry the monthly membership in the ENERGY-HUB club for free!
Related articles
California distributed battery storage company Electriq Power in ‘estimated’ US$300 million deal
Electriq Power, a US provider of battery storage solutions, has secured a deal that could be worth more than US$300 million. The c…
EU greenlights BCI’s investment in new BESS platform Eku Energy
The European Commission has cleared an investment by Canadian pension fund BCI into Eku Energy, a new utility-scale BESS platform…
Australian Vanadium secures site for flow battery electrolyte plant in Western Australia
Australian Vanadium has secured a site and progressed the design and development of a flow battery electrolyte facility in Western…
UAE should deploy 300MW BESS capacity by 2026, says utility
The UAE should deploy 300MW/300MWh of battery energy storage system (BESS) capacity in the next three years, according to one of i…
Solar-plus-storage system commissioned in Tonga with 2MWh capacity
A solar-plus-storage project combining 300kW of PV and a 2MWh battery energy storage system (BESS) has been installed in the Polyn…
ENERGY-HUB is a modern independent platformsharing news and analytic articles from the energy sector on a daily basis. Within our portfolio we monitor czech, slovak and foreign press releases.
