- Li-S Energy (LIS) joins the Future Battery Industries Cooperative Research Centre (FBICRC), to assist its development of batteries and time to market
- The FBICRC is a partnership of industry, government, and researchers on battery technologies
- The centre has 70 participants over 15 research projects, with a goal to ensure Australia plays a principal role in battery evolution
- The company said this will help it leverage co-funded research and development on advanced electrolytes for further growth on its batteries
- Shares are trading 6.9 per cent higher at 62 cents each
Lithium-sulphur battery company, Li-S Energy (LIS) has joined the Future Battery Industries Cooperative Research Centre (FBICRC), to assist its development of batteries and time to market.
The FBICRC is a partnership of industry, government, and researchers on battery technologies. The centre has 70 participants over 15 research projects, with a goal to ensure Australia plays a principal role in battery evolution.
The company said this will help it leverage co-funded research and development on advanced electrolytes for further growth on its batteries.
Chief Executive Officer Lee Finniear said this will assist the company in its goal of achieving lithium sulphur and lithium metal batteries with unprecedented performance and cycle life.
“These batteries are the “holy grail” of EV, drone and electric aviation markets,
combining high energy storage and low weight,” he said.
“Our collaboration with FBICRC accelerates our time to market by enabling us to access advanced electrolytes developed specifically for these high energy cells, further magnifying the benefits over lithium-ion.”
“We are proud to be supporting the Australian battery ecosystem through our joint investment and contribution to the FBICRC, and to be playing our part in projecting Australia onto the global stage as an innovative player in the drive to deliver the global Carbon Zero economy,” Dr Finniear said.
Shares were trading 6.9 per cent higher at 62 cents each at 12:06 pm AEST.