Australia’s Federal Minister for Industry and Science Opens Li-S Energy Battery Plant and Announces $AUD1.7M Industry Growth Program Grant
August 12 2024 - 8:00AM
Business Wire
Australian battery technology company Li-S Energy (ASX:LIS) has
officially launched its new 2MWh lithium sulfur and lithium metal
battery production facility at Geelong, Victoria, Australia. Li-S
Energy will also start producing lithium foils and laminates at the
facility after receiving a government grant.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240812342742/en/
Australia's Federal Minister for Industry
and Science Ed Husic officially opens the Li-S Energy Phase 3
Facility - Australia’s largest pouch cell production line - (L to
R) Li-S Energy CEO Dr Lee Finniear, Hon. Ed Husic MP, Hon. Libby
Coker MP. The new state-of-the-art Li-S Energy pouch cell
production facility in Geelong, Victoria that was officially opened
by Minister Husic is the largest of its kind in Australia,
installed inside Australia’s largest battery dry room. Built at a
cost of over $10 million, the facility spans the entire production
process from creating and coating cathode powders to final cell
fabrication and testing. (Photo: Business Wire)
The official opening was hosted by Li-S Energy CEO Dr Lee
Finniear, Australia’s Federal Minister for Industry and Science,
the Hon. Ed Husic MP, and Federal MP for Corangamite, the Hon.
Libby Coker.
During the event, the Minister announced that Li-S Energy had
been awarded an Industry Growth Program (IGP) Commercialisation and
Growth Grant of $AUD1.7 million to develop Australia’s first
lithium foil production facility.
A short video of the visit can be found online.
Li-S Energy is an Australian company, commercialising unique
Australian IP from Deakin University for lithium sulfur and lithium
metal batteries, which are far lighter than the comparable
lithium-ion batteries.
The batteries offer key performance advantages where weight is
critical, such as in drones, electric aviation and defence
applications.
The new state-of-the-art Li-S Energy pouch cell production
facility is the largest in Australia and is installed inside
Australia’s largest battery dry room. Built at a cost of over
$AUD10 million, the facility spans the entire production process
from creating and coating cathode powders to final cell fabrication
and testing.
With the support of the Grant, Li-S Energy plans to extend
beyond its cell manufacturing capability to produce high-quality
lithium foils and laminates from lithium metal ingots.
Lithium metal foil is used as the anode for both lithium sulfur
and lithium metal batteries, but the current imported supply has
limited quality and is not optimised for Li-S cells.
Beyond using the lithium foil in its batteries, the Company
intends to export the foils internationally as an additional
revenue stream to capitalise on this growing market.
Dr Lee Finniear, CEO of Li-S Energy, said Australia currently
produced 52% of the world’s lithium ore, yet much of this is
exported without adding additional value.
“With global demand for lithium metal foil forecast to reach
US$51 billion by 2032, Australia has a unique opportunity to
capitalise on this emerging market to produce lithium foils here,
adding value here before exporting this high-value product to
global markets,” he said.
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Media enquiries to ben@rgcmm.com.au.
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