Lithium Australia, in its pursuit to produce advanced components for the battery industry globally, has signed an agreement for the joint battery marketing operations with China-based battery and energy storage specialists, the DLG Group.
The new enterprise – an incorporated joint venture (Lithium Australia 50% and DLG 50%) trading as Soluna Australia – has been established to sell lithium-ion batteries (LIBs) and Soluna energy storage products into the rapidly expanding Australia renewables energy market, Lithium Aus said.
In addition to the JV for the sale of LIBs and energy storage products, the companies have formed a technology alliance to fast-track commercialisation of VSPC Ltd’s proprietary cathode powders for use in DLG batteries (VSPC is a 100%-owned subsidiary of Lithium Australia). DLG will work with Lithium Australia to further develop VSPC’s cathode powders, initially with a focus on lithium-ferro-phosphate (LFP) LIBs, LFP being the ideal battery chemistry for Australian energy-storage applications, according to the company.
Lithium Australia explained the deal rationale: “A detailed investigation of the Australian energy-storage industry identified serious supply-chain constraints in the delivery of LIBs to Australian customers. Soluna Australia intends to provide a new and reliable supply source for renewable energy solutions to power users in Australia.”
Soluna Australia plans to apply the following supply-chain solutions, according to Lithium Aus:
- Maintain local (Australia) stock levels of energy-storage products to meet demand;
- Provide local sales and technical support;
- Collaborate with customers and innovate to create energy-storage solutions suitable for remote-site and mining applications;
- Evaluate the feasibility of manufacturing battery packs in Australia.
In addition, Soluna Australia will offer battery-recycling solutions through Lithium Australia’s battery recycling business unit, it said.
Lithium Australia Managing Director, Adrian Griffin, said: “Formalisation of Lithium Australia’s joint venture with DLG, which resulted in the creation of Soluna Australia, paves the way for the introduction of superior energy-storage products into the Australian market, reducing the carbon footprint of national energy consumption for both residential and industrial consumers.
“We foresee great potential for energy storage in fringe-of-grid and off-grid applications, as well as improvements in the utilisation of power from existing grids. Kieron D’Arcy (General Manager) and Raegan Jubb (Sales Manager) bring a wealth of experience to Soluna Australia and we welcome them to the team.”
Lithium Australia says it aims to ensure an ethical and sustainable supply of energy metals to the battery industry (enhancing energy security in the process) by creating a “circular battery economy”. The recycling of old lithium-ion batteries to new is intrinsic to this plan.