Monbat takes next step towards building 2.4GWh bipolar battery facility in Bulgaria

Monbat takes next step towards building 2.4GWh bipolar battery facility in Bulgaria

Monbat takes next step towards building 2.4GWh bipolar battery facility in Bulgaria 150 150 Batteries International

April 23, 2020: Bulgarian battery manufacturer Monbat has completed the next step towards building a plant based on Advanced Battery Concepts’ GreenSeal bipolar technology, on April 8 issuing an intent to invest in the construction of the plant in Vratsa.

Monbat NBP EOOD is a wholly-owned subsidiary of Monbat AD, which makes lead-acid and lithium-ion batteries and has a presence in more than 60 countries.

In January 2019, it acquired the licensing rights for ABC’s GreenSeal bipolar technology, with a view to producing the batteries in a 2.4GWh plant in Bulgaria, ‘especially for the production of bipolar batteries based on this technology’.

“There will be direct synergies to the existing supply chain of the Monbat Group,” said Monbat CEO and chairman Atanas Bobokov at the time. “It is inspiring to see a future in a very old industry without changing the material base, just by offering a smart mechanical solution of the grids becoming the battery building block.”

The actual building date is a way off yet, with a large number of procedures still to be gone through, said the company, ‘including the preparation of an assessment regarding the impact on the environment’. It added that waste treatment plants would be installed at the production site as an inseparable part of the production equipment.

Other details of the facility have not been revealed yet.

“Monbat AD will announce further information regarding the financial parameters of the project after obtaining the approval of the investment proposal,” the company said.