Could Platinum Group Metals' Lion Battery Be Hitting Roadblocks?

2 min read | October 21, 2024 03:39 PM EDT | By Team Kalkine Media

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Could Platinum Group Metals' Lion Battery Be Hitting Roadblocks? — Image source: Shutterstock

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Highlights

Platinum Group Metals is advancing its lithium-sulfur battery technology through its subsidiary Lion Battery.

Lion Battery focuses on next-generation batteries with platinum and palladium components, collaborating with Florida International University.

The Battery Innovation Center in Indiana is helping commercialize Lion Battery's developments.

Platinum Group Metals (TSX:PTM) is actively involved in the lithium-sulfur battery sector through its subsidiary, Lion Battery. This move comes amid growing interest in alternative battery technologies that offer potential advancements over traditional lithium-ion batteries. The lithium-sulfur approach could bring benefits in terms of cost efficiency and sustainability, offering potential to meet increasing global energy demands.

Lion Battery's Formation and Purpose

Lion Battery was established in 2019 as a joint venture between Platinum Group Metals and Anglo American Platinum. The company's primary focus is the development of advanced battery technology utilizing platinum and palladium. This partnership aims to drive innovation in battery performance, particularly through proprietary lithium-sulfur technology. By focusing on enhancing current lithium-ion chemistries, Lion Battery aims to support the future of energy storage solutions.

Collaborations with Florida International University

A key aspect of Lion Battery's strategy involves collaboration with Florida International University (FIU). Through a sponsored research agreement, Lion Battery holds exclusive rights to all intellectual property stemming from this partnership. FIU's research has already led to the granting of several patents by the U.S. Patent and Trademark Office. These patents underscore Lion Battery's commitment to advancing its lithium-sulfur technology, positioning itself as a leader in next-generation battery solutions.

Commercialization Efforts Through The Battery Innovation Center

To move its developments towards commercial use, Lion Battery has partnered with The Battery Innovation Center (BIC) located in Newberry, Indiana. BIC plays a critical role in helping Lion Battery transition its platinum and palladium-based battery chemistries from research to market-ready products. This collaboration is a significant step toward scaling up production and integrating new battery technologies into the broader energy storage market.

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