Project Summary
AfricaVolt
AfricaVolt is developing a vertically integrated value chain to:
Refine critical mineral concentrates into battery grade chemicals, produce electrode materials, battery cells and battery packs for mobility and grid support applications.
Understanding
Battery materials processing and battery
manufacturing ecosystem that connects
the mid to the south stream of the battery
supply chain.
Prioritization
Responsibly assume natural resource control and efficient allocation to ensure full participation in the Fourth Industrial Revolution of the net zero carbon economy of the future.
Outcome
Through this process, the African continent
shall evolve as a hub for scientific
research, innovation and investments
translating into a prosperous economy for its people.
Service Demand
Service growing demand for electric vehicles (EVs) and energy storage.
AfricaVolt leads the development of certifiable green value chain for battery prroduction.
Key Success Factors
Availability
Local availability of critical metal concentrates for battery-grade chemicals conversion and electrodesproduction.
Supply Chains
Domestic availability of battery metals significantly reduces logistics costs, achieving efficient supply chain, and lower carbon footprint.
Infrastructure
Fit for purpose infrastructure for battery production in alliance with technology partners, the automobile industry, and also electricity grid operators.
Tax Relief
Tax benefits and incentives for investors in the sector, fostering a conducive environment to growth, attracting additional investments.
Processing
Technology to refine critical minerals into battery grade chemicals, adopting a simplified process flow to reduce cost and retain a competitive advantage with minimal hazardous waste.
Competitive Advantage
Leveraging the Africa Continental Trade Area (AfCFTA), the African Growth and `Opportunity Act (AGOA), Africa/EU Partnership Agreement as springboards to major markets.
Ghana - A Manufacturing Hub
Critical Inputs
Ghana is endowed with the critical minerals required to produce various battery chemistries for EV and Grid applications; Manganese, Cobalt, Bauxite, Lithium, Graphite, and Iron.
International Access
Ghana is a free trade partner of the USA under the Africa Growth and Opportunities Act (“AGOA”), and qualifies for significant tax
credits per vehicle under the Inflation Reduction Act (IRA)
USA
AGOA - Leveraging the tax benefits for USA based off- takers desirous of a certified
green supply chain for battery materials
Renewable Energy
Ghana has made significant strides in harnessing renewable energy sources such as solar, wind, and hydroelectric power.
AfricaVolt aims to capitalize on renewable energy resources to power the battery ecosystem
Logistical Advantage
Ghana's seaports, including the Port of Tema and the Port of Takoradi, are well-developed
and efficiently managed, allowing seamless integration with global supply chains
Europe
Ghana-EU Partnership Agreement leveraging logistical and cost advantages vis-a-vis
Chinese supply chain
Trade Opportunities
Regional and international trade agreements i.e. Economic Community of West African
States (ECOWAS) and African Continental Free Trade Area (AfCFTA), provide market and
trade facilitation
Industrial Policy
A stable political environment and commitment to a deregulated economic system fosters growth and investments. The Ghana Auto Policy is the catalyst to transform
Ghana into a manufacturing hub.
Africa
AfCFTA - Coordination with the Ghana based Secretariat and governments to effect policy
for adoption of EV and Battery Energy Storage Systems