- Li-S Energy (LIS) is selected as a cornerstone partner with Deakin University in its Recycling and Renewable Energy Commercialisation Hub (REACH) as part of the Federal Government’s Trailblazer University program
- As partner, Li-S will receive up to $5 million in co-investment over the next four years, further strengthening the commercialisation of its technology
- The co-investment will support the program’s cutting-edge research and development, which builds on the significant work already undertaken and funded to date
- The Trailblazer program is designed to focus Australia’s considerable research power on Australia’s National Manufacturing Priorities, says Prime Minister Scott Morrison
- LIS shares are up 1.75 per cent, trading at 58 cents
Li-S Energy (LIS) has been selected as a cornerstone partner with Deakin University in its Recycling and Renewable Energy Commercialisation Hub (REACH) as part of the Federal Government’s Trailblazer University program.
As partner, Li-S will receive up to $5 million in co-investment over the next four years, further strengthening the commercialisation of its technology.
The co-investment will support the program’s cutting-edge research and development, which builds on the significant work already undertaken and funded to date.
In particular, the funds will contribute to ongoing work to scale up the company’s lithium sulphur and lithium metal batteries, and commission a two megawatt-hour battery production facility in Geelong.
“This additional funding will support us in our mission to scale-up the development and production of our environmentally friendly, lightweight lithium sulphur batteries, targeting massive growth in electric aviation, drones and EVs,” CEO Dr Lee Finniear said.
“Being a cornerstone partner of the Deakin $380 million Trailblazer program with 20 other partners that are commercialising research within the end-to-end supply chain of clean energy and recycling will provide increased opportunities and synergies for the rapid adoption of our cutting-edge technology.”
Established with the mission to provide universities with additional funding and capacity to focus on the problems that matter most to Australians, the Trailblazer program endeavours to remove barriers to collaboration and commercialisation and encourage the conversion of research into marketable solutions.
Prime Minister Scott Morrison said Deakin University is the fourth Trailblazer to receive funding through the Trailblazer program, which is designed to focus Australia’s considerable research power on Australia’s National Manufacturing Priorities.
The budgeted government funding will be matched with support from industry and university partners for a total value of $380 million.
LIS shares were up 1.75 per cent, trading at 58 cents as of 12:48 pm AEST.