Benchmark has strategically broadened its energy transition platform through the acquisition of Rho Motion, a leading provider of in-depth analysis and forecasting for the electric vehicle (EV) and battery sectors. This acquisition signifies Benchmark's commitment to enhancing its comprehensive market intelligence offering, providing unparalleled insights into the rapidly evolving landscape of battery technology and EV markets.
About Benchmark
Benchmark is the leading provider of independent prices, data and market intelligence for the lithium-ion battery to electric vehicle supply chain and the wider energy transition ecosystem. Benchmark’s services include lithium price assessments, market analysis and forecasts, sustainability reporting, consultancy and events focused on battery raw materials, midstream components, battery cells and recycling.
About Rho Motion
Rho Motion specialises in providing detailed analysis for the downstream EV and battery markets, including Energy Stationary Storage (ESS), EV motors, systems, charging and infrastructure. Rho Motion delivers data-driven insights that help stakeholders navigate the complexities of the rapidly evolving market.
Enhanced Analytical Capabilities
The integration of Rho Motion's expertise strengthens Benchmark's ability to deliver high quality, data-driven analysis across the entire battery supply chain. This expanded capability will extend Benchmark’s view to provide actionable insights from mine to grid, supporting stakeholders in making informed decisions in the energy transition.
Commitment to Industry Leadership
"Acquiring Rho Motion aligns with our mission to be the definitive source of intelligence in the battery materials and EV sectors," explains Simon Moores, CEO at Benchmark. "Their advanced analytical tools and market foresight complement our existing services, enhancing our ability to provide clients with the most accurate and comprehensive market assessments available."
Supporting the Energy Transition
This acquisition comes at a crucial time as the global push towards decarbonisation accelerates. The enhanced analytical capabilities will support a more sustainable and efficient transition to electric vehicles and renewable energy storage solutions. By offering deeper insights into market trends, supply chain dynamics and technological advancements, Benchmark is poised to play a pivotal role in the global energy transition.
Future Prospects
Looking ahead, Benchmark plans to continue expanding its service offerings, integrating more advanced data analytics and forecasting tools to remain at the forefront of market intelligence in the battery and EV sectors. This strategic move not only bolsters Benchmark's position as a leader in the industry but also reinforces its commitment to supporting the global shift towards sustainable energy solutions.
