Kontrolmatik announced a new investment in line with its activities in the field of energy storage.

According to the announcement published on the Public Disclosure Platform (KAP), the company’s 100% subsidiary, Pomega Energy Storage Technologies, will establish a Lithium Iron Phosphate (LFP) cathode active material production facility with an annual production capacity of 5,000 tons, in line with the Board of Directors decision.

The statement aims to use the existing Lithium Carbonate and Iron Phosphate salts in Turkey in the factory, which will be established with an investment of 1.4 billion TL.

In addition, the statement emphasized that with the commissioning of the factory, an annual import worth 120 million US dollars will be prevented, and the country’s economy will be contributed.

Pomega is getting ready to start production

The foundation of Pomega Energy Storage Technologies’ factory in Polatlı, Ankara was laid on January 25, 2022.

It is aimed that the first phase of the factory, which started the investment process in 2021, will start test production in the first quarter of 2023 with a capacity of 504 MWh and will switch to mass production in the second quarter.

With the completion of the investment within the next 3 years, it is planned that the factory will reach a capacity of 2,250 MWh.

The share of Lithium Iron Phosphate (LFP) battery technology is currently at a level of 30% globally, and it is expected to reach a level of 50% in 2026.

The main factors contributing to the increasing market share of the technology, which is also adopted by automobile manufacturers such as Tesla, Ford, and VW, are shown as lower cost, lower environmental impact, longer lifetime, and safety.