Li-S Energy opens 2-MWh battery cell production facility
- Li-S Energy's new lithium sulfur and lithium metal battery facility in Geelong is set to revolutionize the industry with lighter, high-quality batteries for drones, electric aviation, and defense.
Australia's Li-S Energy has opened a 2-MWh lithium sulfur and lithium metal battery production facility in Geelong, Victoria. The company is commercializing technology from Deakin University for lighter batteries, advantageous for drones, electric aviation, and defense. The AUD-10-million facility covers the entire production process, from creating cathode powders to final cell fabrication and testing. The Federal Minister for Industry and Science announced a AUD-1.7-million grant to support the production of high-quality lithium foils and laminates for export.
Australia, a major producer of lithium ore, aims to add value to its exports by producing lithium foils domestically. Li-S Energy CEO Lee Finniear sees an opportunity to capitalize on the growing demand for lithium metal foil, which is projected to reach USD 51 billion by 2032. By producing high-value lithium foils locally, Australia can enhance its position in the global market.
How is Australia's Li-S Energy capitalizing on the growing demand for lithium foils?
- Australia's Li-S Energy is leveraging its proximity to lithium ore resources to produce high-quality lithium foils domestically.
- The company's production facility in Geelong, Victoria covers the entire battery production process, from creating cathode powders to final cell fabrication and testing.
- Li-S Energy is commercializing technology from Deakin University to develop lighter batteries, which are ideal for applications such as drones, electric aviation, and defense.
- The AUD-1.7-million grant from the Federal Minister for Industry and Science will support the production of high-quality lithium foils and laminates for export.
- CEO Lee Finniear sees a significant opportunity to capitalize on the growing demand for lithium metal foil, which is projected to reach USD 51 billion by 2032.
- By producing high-value lithium foils locally, Australia can enhance its position in the global market and add value to its lithium exports.