BGV Group has successfully tested a prototype lithium-ion battery utilizing graphite mined in Ukraine’s Kirovohrad region—a breakthrough that marks a key milestone in the country’s effort to establish a domestic battery production supply chain.
As part of a pilot project, BGV Graphite developed and tested anode material derived from Ukrainian graphite. According to the company, the results met the highest global performance standards, underscoring the material’s viability for advanced energy storage solutions.
The next phase of the initiative will involve the creation of a fully functional two-electrode prototype battery, slated for production in fall 2025 using exclusively Ukrainian graphite.
“We are consistently moving toward the formation of a complete chain of lithium-ion battery creation in Ukraine,” said Viktor Tanay, Head of BGV Graphite.
Since 2015, BGV Group Management has invested approximately $100 million into projects focused on the extraction and processing of graphite and beryllium. The flagship initiative is the BGV Graphite project at the Balakhiv deposit in the Kirovohrad region.
In collaboration with Metso, construction of a beneficiation plant is already underway. The design phase for a full-scale mining and beneficiation complex is scheduled to begin in Q1 2026.
The project aims to produce spheronized graphite (SPG)—a critical anode material for lithium-ion batteries—with an estimated total investment of $450 million, based on initial forecasts.
This development positions Ukraine as a potential emerging player in the global battery materials market, with strategic implications for energy independence and regional supply chain diversification.
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