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Lithium Australia welcomes VSPC’s move to join R&D for next-gen lithium batteries

Image Source: LIT website

Highlights

  • Lithium Australia’s wholly owned subsidiary VSPC is set to contribute to the research & development (R&D) for next generation of lithium batteries.
  • VSPC will provide industry support funding to R&D under the ARC Grant, focusing on key innovations for solid-state lithium metal batteries.
  • The specific energy values offered by an all-solid-state lithium-sulphur battery are potentially 2-3 times higher than that of LIBs.
  • The soil geochemistry program conducted at LIT’s 30%-owned Bynoe Project has returned encouraging results.

Staying ahead of the curve to add new wrinkles to battery technology, VSPC Ltd has reached an agreement to join the research & development (R&D) for solid-state lithium metal batteries.

VSPC is a wholly owned subsidiary of Lithium Australia NL (ASX:LIT), which is committed to vertically integrating lithium extraction, processing, and recycling by uniting innovation and resources.

ALSO READ: Lithium Australia’s (ASX:LIT) batteries subsidiary VSPC appoints new lead scientist

VSPC understands the significance of R&D for driving improvements to battery components and performance. As a result, it has agreed to provide industry support funding of up to AU$250,000 over three years for ARC Grant LP200200926 entitled Solid-State Lithium Batteries Using Phase-Stabilised Electrolytes. The funding support includes an initial investment of AU$30,000.

The R&D will be conducted by the University of Technology, Sydney (Centre for Clean Energy Technologies) under the Australian Research Council Grant with focus on key innovations for solid-state lithium metal batteries.

ALSO READ: Lithium Australia (ASX:LIT) bolsters VSPC Board, aims to expand LFP market reach

R&D to leverage the potential of solid-state lithium metal batteries

The industry recognises all-solid-state lithium metal batteries as the next generation of lithium batteries.

The specific energy values offered by an all-solid-state, lithium-sulphur (Li-S) battery are potentially 2-3 times higher than that of a lithium-ion battery. Moreover, these batteries also target major improvements in the chemical stability and toxicity of electrolytes, operating life and overall safety.

ALSO READ: VSPC Ltd’s patent application accepted for grant, Lithium Australia (ASX:LIT) shares zoom up 9%

VSPC has committed to fund the research program, which aims to develop key innovations around battery design components to be used along with lithium metal anodes.

R&D will focus on three areas:

  • Performance characteristics of batteries using three of the most prospective solid-state electrolytes identified so far
  • Two cathode types
  • The use of electrode interface controls that protect electrolytes with the aim of significantly improving cell cycle life.

LIT shares were trading at AU$0.130 on 28 October 2021 (AEDT 10:32 AM).


 


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