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afrivolt 1 project, South Africa – update

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21st June 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
afrivolt 1 project.

Location
afrivolt is considering housing a cell factory at the Atlantis Special Economic Zone (SEZ), in Cape Town, the Western Cape – the only greentech SEZ in Africa.

Project Owner/s
afrivolt, formerly Aqora.

Project Description
afrivolt aims to open a lithium-ion cell gigafactory able to produce anodes, cathodes and lithium-ion batteries for stationary storage applications and, in the medium term, for electric vehicles. 

The company aims to start with a 1.5 GWh facility, with the cells made from imported materials, which can then be expanded in a modular fashion to reach the ultimate capacity of 5 GWh.

The cell plant’s focus will be on local customers, as well as clientele in neighbouring countries.

The aim is to replace battery imports, create local jobs and stimulate domestic manufacturing opportunities.

Potential Job Creation
Not stated.

Capital Expenditure
The proposed project is estimated in the billions of rands.

Planned Start/End Date
Not stated.

Latest Developments
The lithium-ion battery cell plant is currently the subject of a due diligence process, with afrivolt locked in talks with finance institutions to raise the required capital.

afrivolt has enlisted European institutions to conduct the feasibility studies.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
afrivolt, email info@afrivolt.net.


 

Edited by Creamer Media Reporter

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