Lithium Australia (LA) and China’s DLG Battery Co are to form a joint venture to sell DLG’s lithium-ion batteries in Australia— and launch a battery product targeting domestic and global markets.
The 50-50 'Lithium Australia DLG' business will also “fast-track” the commercialisation of cathode powders produced by LA subsidiary VSPC for use in DLG batteries, according to a letter of intent signed by the firms.
A federal- and industry-backed consortium will be established in Western Australia to position the country as “a global leader in the manufacture and supply of batteries.”
The AUD135 million (US$97m) Curtin University-led ‘Future Battery Industries Cooperative Research Centre’ (FBICRC) includes 58 industry, government, and research partners.
The Australian federal government has committed AUD25m to support the FBICRC’s development, following a $28 million commitment from partners. Western Australia’s state government seeded the bid with AUD6m.
Lithium Australia (LA) is to acquire a minority stake in lithium-ion battery (LIB) recycling company Envirostream, as part of its mission to “close the loop on the energy-metal cycle”.
The acquisition comes after LA started producing lithium-iron-phosphate battery cathode material from waste batteries at its re-commissioned pilot facility in Brisbane.
LA will invest a total of AUD600,000 (US$429,000) for 560 shares in Victoria-based Envirostream— currently representing 18.9% of the company’s issued capital.
Australia’s Green Party has unveiled proposals for a AUD2.2 billion (US$1.56bn) fund to provide incentives for residents to install home battery storage in the country.
According to the Greens’ manifesto for upcoming federal elections, the fund would, from July 2019, provide up to AUD7,000 per battery system, providing “the opportunity to save consumers money while adding additional flexibility and security to the grid when required”.
The size of the grant would be tapered down as the cost of installing battery energy storage is similarly reduced, the party’s election pledge said.
Australia-listed mining firm AVZ Minerals has announced a “potentially massive” new lithium deposit discovery in the Democratic Republic of Congo to shore up moves to supply electric vehicle battery makers in China.
MD Nigel Ferguson said the discovery confirms Carriere de l’Este “as a significant lithium deposit to potentially exceed” AVZ’s nearby Roche Dure deposit in the Manono project— 500 kilometres north of Lubumbashi in the south of the country.
AVZ said initial drilling at Carriere de l’Este “confirms widespread, high-grade spodumene lithium mineralisation over thick intersections”.
‘Supercell’ technology designed by US battery platform provider Cadenza Innovation is to be deployed in Australia under a deal with the country’s Energy Renaissance (ER).
The companies have entered into a technology agreement that will see Cadenza’s technology utilised in systems produced at ER’s planned 1.3GWh ‘Renaissance One’ lithium-ion facility in Darwin.
ER said Renaissance One will be “the only facility dedicated to providing commercial-scale energy storage systems specifically designed for hot and humid climates”, which have technical requirements that “far exceed the capabilities of typical lithium-ion batteries.”
Australia-based Redflow has provided a hybrid battery system coupled with solar energy generation to create a microgrid that will provide a reliable power supply in a remote village in Thailand.
The energy storage system is made up of 10 Redflow ZBM2 zinc-bromine flow batteries— which provide 10kWh apiece— and three lithium batteries. The ZBM2 batteries will provide power to the Ban Pha Dan community school, town hall, and temple, while the lithium batteries will supply energy for individual homes.
Ban Pha Dan is in Lamphun province and is surrounded by a wildlife reserve where power pylons are not permitted, meaning that the village has lacked access to electricity in the past.
A new grid-scale battery energy storage system has entered into service in Australia to bolster power grid security across five of the country’s six states.
The 30-megawatt/8-megawatt-hour lithium-ion BESS in South Australia is owned and developed by transmission provider Electranet— and is adjacent to the company’s Dalrymple substation.
The ‘ESCRI’ (Energy Storage for Commercial Renewable Integration) BESS comprises Samsung rechargeable batteries integrated via invertors, controller and transformers from power company ABB. The system has a 12-year design lifetime.
Australian mining company Pilbara Minerals has secured funding from two of its key customers, in order to expand its Pilganoora lithium ore deposit.
The funding is comprised of a US$25 million offtake pre-payment facility provided by Chinese automotive manufacturer, Great Wall Motor Company, a $50m equity placement to Ganfeng Lithium, and a proposed new $50m Nordic bond to be implemented in the current quarter, with bondholder consent.
The funding package will be combined with Pilbara’s existing cash reserves and future cash flow from stage 1 operations of the Pilganoora resource to fully fund the second stage of operations. Pilbara is targeting commissioning of stage 2 from the March quarter 2020.