Join our daily newsletter At The Bell to receive exclusive market insights
- Li-S Energy (LIS) signs a collaboration agreement with Janus Electric to develop and test a new range of lithium-sulphur and/or lithium metal battery packs
- The packs will be used in exchangeable batteries for trucks that have been converted from diesel to electric energy
- Should testing be successful, Li-S Energy is expected to continue supplying battery packs to Janus as the vehicle maker phases out lithium-ion batteries
- Shares in Li-S Energy are up 4.06 per cent to $2.05 as of 11:36 am AEDT
Li-S Energy (LIS) has signed a collaboration agreement with Janus Electric to develop and test a new range of lithium sulphur and/or lithium metal battery packs.
Based in New South Wales, Janus has developed a system to convert diesel-powered trucks to electric power. It uses a proprietary exchangeable battery that eliminates the need for lengthy recharging times by allowing the old battery to be swapped for a new one in a matter of minutes.
Each exchangeable battery pack currently uses conventional lithium-ion cells and has an energy capacity of 600-kilowatt hours — roughly equivalent to six long-range electric cars.
Under today’s agreement, Li-S Energy and Janus will develop the new lithium-sulphur and/or lithium metal battery packs using BNNT and Li-nanomesh technology, with the overall aim of extending the vehicle range further and reducing the weight of the battery.
“Janus Electric is excited to work with Li-S to develop an Australian solution for its quick-change battery packs,” Lex Forsyth, General Manager at Janus said.
“Using Australian technology in our products will further support Australian manufacturers and development of zero emission transport solutions making them more accessible to heavy vehicle fleet operators large and small globally.”
Should testing be successful, it’s anticipated that Li-S Energy will continue to supply the battery cells to Janus as the vehicle maker phases out lithium-ion cells. Li-S Energy says the projected volume will be 495,000 cells by the end of 2023, with additional growth in demand expected.
“It’s great to have Australian companies working together on such important technology which can accelerate the pathway to a zero carbon Australian transportation system,” Dr Lee Finniear, CEO of Li-S Energy said.
“We thank Janus Electric for its demonstrated confidence in our collaboration with its intention to purchase Li-S Energy battery cells and its forward volume projections.”
Shares in Li-S Energy are up 4.06 per cent to $2.05 as of 11:36 am AEDT.
