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