Nov 4, 2022
The successful co-development of the NORSCAND® electrolyser has now entered commercialization, as the first industrial electrochemical cells are shipped for use in lithium electrolysis demonstration-scale plants in the US and Europe. The cells make it possible to produce lithium hydroxide much more effectively through electrochemistry rather than the traditional method of a metathesis reaction between lithium carbonate and calcium hydroxide.
The collaborative partnership – started in 2013 between NORAM Electrolysis Systems Inc. (NESI) (Vancouver, Canada) and Permascand – resulted in the co-development of the NORSCAND® cell, a novel multi-compartment electrolysis cell specifically designed for salt-splitting of brines. The cell fills a critical gap in the renewable energy supply chains of the future – although Lithium Ion Batteries represent only one of the possible end-uses. The scalable production of lithium is crucial at a time when the world needs to switch from fosdsil fuels to electricity, given the central role played by lithium hydroxide in the manufacturing of batteries for electric vehicles, mobile phones, and computers.
“We are very pleased with the electrochemical cell NORSCAND® and the cooperation with NESI,” says Peter Lundström, CEO at Permascand. “The result speaks for itself and fits very well into our strategy and sustainability goals.”
“NESI’s partnership with Permascand has enabled the joint development of a new family of electrochemical cells, the NORSCAND® cell, which are uniquely suited to lithium electrolysis” says Jeremy Moulson, VP at NESI. “The partnership between NESI and Permascand is a shining example of how corporations can come together, using their independent expertise, to help provide solutions for a more sustainable future.”
About NORAM Electrolysis Systems Inc.
NORAM Electrolysis Systems Inc. (NESI) is a privately held Vancouver, BC, Canada based electrolysis technology company. NESI focuses on the commercial implementation of lithium electrolysis for a variety of lithium brine feedstocks (sulphate, chloride, or carbonate). NESI is a wholly-owned subsidiary of NORAM Engineering and Constructors and part of the NORAM Group of Companies. NESI has an extensive electrochemical demo plant located at it’s R&D facility in Vancouver, Canada. For more information please visit: www.nesi.tech
Nov 2, 2022
Permascand will publish its Q3 2022 interim report on 11 November 2022 at 07:45 CET. In connection with this, Permascand invites investors, analysts and media to a conference call and webcast on the same day at 10:30 CET.
The presentation will be held by CEO Peter Lundström and CFO Linda Ekman in English and will conclude with a Q&A session. Questions can be asked on the conference call or in written form through the webcast. No preregistration is required.
Date and time
11 November 2022 at 10:30 CET
Webcast
https://ir.financialhearings.com/permascand-top-holding-q3-2022
Phone number
To participate via telephone please dial-in on the numbers below.
SE: +46-8-5051-6386
UK: +44-20-319-84884
US: 1-412-317-6300, Pin code: 9111060#
After the presentation a recording of the webcast will be available on the webcast link and on the company’s website www.permascand.com
Sep 23, 2022
Permascand’s and Verdagy’s partnership displays great success as Verdagy recently announced and demonstrated the commercial efficacy of its unique water electrolysis technology, eDynamic™, with two significant milestones on the path to cost effective hydrogen at scale.
Verdagy is engineering the world’s largest membrane-based electrochemical cells to drive down the investment and energy required for generating industrial hydrogen. The recent successful pilots validate the durability and scalability of its technology:
- Verdagy ran a demonstration-scale Anion Exchange Membrane (AEM) of 3200 cm² , 20kW cell – for 1,000 hours continuously at industry leading high current density in a production environment. The 1,000-hour run demonstrated lifetime durability and minimized risk as they scaled up to the commercial electrolyzer module.
- Verdagy launched its three-cell 500 kW commercial electrolyzer module in August 2022 at its Moss Landing pilot plant. Each cell incorporates the largest AEM’s in the world at 28,500 cm². This represents industry-leading current density operations that are higher than traditional and state-of-the art Alkaline Water Electrolyzers (AWE), exceeding expectations for performance.
Peter Lundström, CEO at Permascand, said: “Verdagy’s technology and our ability to scale the manufacture of high-end electrolysis equipment is a successful collaboration to bring innovative green hydrogen technology to the broader market. And the positive outcome of the demonstration shows their ability to solve electrolysis challenges for industrial markets through rapid scaling”.
Verdagy has a rapid path to commercialization and the collaboration with Permascand unlocked low-cost hydrogen production.
Marty Neese, Verdagy’s CEO, stated, “The rapid pace of innovation getting to commercial scale is exactly what is needed to enable the energy transition and make green hydrogen at industrial scale come to life. Permascand is a great partner to bring our cell design to commercialization”.
Verdagy achieves the lowest CapEx in the industry and the lowest H2 (hydrogen) production costs when coupled with renewable energy. In their mission to produce cost-effective hydrogen for industry at scale both pilots demonstrate the technical readiness of Verdagy’s integrated process.
About Verdagy
Verdagy is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy's industry leading solution achieves both the lowest upfront capital costs and the lowest unit economics for production. Verdagy operates its laboratory and a 25,000 sq. ft. pilot plant facility in Moss Landing, California, to further develop and rapidly scale the technology platform. For more information, visit: www.verdagy.com.
Aug 9, 2022
Permascand will publish its Q2 2022 interim report on 18 August 2022 at 07:45 CEST. In connection with this, Permascand invites investors, analysts and media to a conference call and webcast on the same day at 11:00 CEST.
The presentation will be held by CEO Peter Lundström and CFO Linda Ekman in English and will conclude with a Q&A session. Questions can be asked on the conference call or in written form through the webcast. No preregistration is required.
Date and time
18 August 2022 at 11:00 CEST
Webcast
https://tv.streamfabriken.com/permascand-top-holding-q2-2022
Phone number
To participate via telephone please dial-in on the numbers below.
SE: +46-8-5051-6386
UK: +44-20-319-84884
US: +1-412-317-6300, Pin code: 2717689#
After the presentation a recording of the webcast will be available on the webcast link and on the company’s website www.permascand.com
Jun 29, 2022
Today, Permascand has decided to write down an order that was previously reported as part of the company's order backlog within the Electrification & Renewables business segment. The order backlog is written down by approximately SEK 65 million as the company, after dialogue with the client, estimates that parts of a previous order will no longer be realized within the foreseeable future. The reason is that the client decided to reduce the order due to internal priorities and a changed geographical focus. The delivery of the order was previously estimated for the second quarter of 2023, which implies that sales for the current calendar year will not be negatively affected.
This also entails that Permascand will repay approximately SEK 20 million of the advance payment, received in connection to the placing of the order in 2018. The repayment of SEK 20 million will have a negative impact on the company's cash flow during the fourth quarter of 2022.
Permascand's interim report for the second quarter will be released on August 18, 2022, as previously announced.
