- The two companies have also teamed up to to form a technology alliance
- The joint venture (JV) with equal contribution from both the companies has been named as Soluna Australia
According to a report by Im-mining, Lithium Australia has signed an agreement for joint battery marketing operations with China-based battery and energy storage company DLG Group. The joint venture (JV) with equal contribution from both the companies has been named as Soluna Australia.
The report said that the JV has been established to sell lithium-ion batteries (LIBs) and Soluna energy storage products in the growing Australia renewables energy market. The two companies have also teamed up to to form a technology alliance to fast-track commercialisation of VSPC Ltd’s proprietary cathode powders for use in DLG batteries as per the report.
Initial focus on lithium-ferro-phosphate (LFP) LIBs
VSPC is a 100 per cent-owned subsidiary of Lithium Australia. As per the report, DLG will work with Lithium Australia to develop VSPC’s cathode powders with an initial focus on lithium-ferro-phosphate (LFP) LIBs.
As per the report, Adrian Griffin, managing director, Lithium Australia said that formalisation of Lithium Australia’s joint venture with DLG, has lead to the creation of Soluna Australia. He added that it will pave the way for the introduction of superior energy-storage products into the Australian market. This will reduce the carbon footprint of national energy consumption for residential and industrial consumers.