Australia

Lithium Australia wins government grant for battery development research

Lithium Australia NL (ASX:LIT) will participate in a $5 million federal government research project to develop fast-charge lithium-ion batteries for use in new generation trams.

LITs subsidiary VSPC will develop advanced cathode materials and work alongside the CSIRO, The University of Queensland and Soluna Australia.

VSPC will partner with battery researchers at CSIROs Clayton site in Victoria to design, manufacture and test fast-charge lithium-ion battery prototypes.

Opportunity to work with leading researchers

LITs managing director Adrian Griffin said: “This is an unparalleled opportunity to combine VSPCs battery-materials technology with some of the worlds leading research.

“The aim is to deliver an Australian product that puts this country at the forefront of battery development … and theres more to it than trams; successful application of what is currently at our fingertips will lead to myriad other fast-charge applications, many of them not yet thought of.”

VSPC executive director Mike Vaisey added: “This project is a tremendous opportunity to bring together Australias technological capabilities – including VSPCs advanced cathode materials, CSIROs battery expertise and UQs analytical abilities – to develop new battery systems using VSPC cathode material.

“Light rail is experiencing a resurgence worldwide as cities modernise, and fast-charge batteries are critical to avoiding the poles and wires Read More – Source