CHARLOTTE – Albemarle and Caterpillar signed an agreement Wednesday to develop Albemarle’s lithium mine site in Kings Mountain.
The collaboration supports Charlotte-based Albemarle’s efforts to establish Kings Mountain as the first-ever zero-emissions lithium mine site in North America. Caterpillar, based in Irving, Texas, will use Albemarle-produced lithium in its battery production.
The companies will collaborate on battery material supply and research, as well as the development and deployment of battery electric trucks and site energy transfer solutions.
“At Albemarle, we are committed to building a more resilient world,” says Albemarle’s Energy Storage President Eric Norris in a statement. “Our partners are critical to achieving that impact, and this collaboration with Caterpillar exhibits how we ‘walk the talk’ to pioneer what’s next. It’s a win-win-win scenario, in which we are both customers and suppliers of each other, and the innovation we pursue together benefits the world.”