trending Market Intelligence /marketintelligence/en/news-insights/trending/Of2HRe-7bQj18dCKwgZf3w2 content esgSubNav
In This List

Lithium Australia enters energy storage JV with Chinese battery maker

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Lithium Australia enters energy storage JV with Chinese battery maker

Lithium Australia NL formally established Soluna Australia Pty. Ltd., a 50/50 joint venture with DLG Power Battery (Shanghai) Co. Ltd., after receiving the first commercial shipment of Soluna energy products in Australia.

The consortium signed a letter of intent to form the joint venture, which aims to fill the growing demand for lithium-ion battery products in the energy storage industry, in May.

On top of the joint venture to sell lithium-ion batteries and energy storage products in Australia, the Australia-listed lithium producer's VSPC Ltd. unit and DLG agreed to form a technology alliance to fast-track the commercialization of the former's proprietary cathode powders for use in the latter's batteries.

Further, the deal also includes a provision of new battery materials and recycling solutions for the energy storage industry.