VSPC, a wholly owned subsidiary of Lithium Australia, signed a Memorandum of Undestanding (MoU) with Beijing Saideli Technology Incorporated Company (SDL) to commercialise VSPC cathode material. With patented processes for the production of lithium-ion battery (LIB) cathode materials, VSPC has a strong focus on the application of LFP in energy-storage and transport applications.
The MoU signed by VSPC and SDL will see the parties collaborate on a staged plan for VSPC to commercialise production of its LFP cathode material. This includes the establishment of a supply chain for VSPC customers in China, as well as a joint feasibility study for LFP production and supply outside China using VSPC proprietary process technology.
Lithium Australia Managing Director, Adrian Griffin, said the company saw the partnership as a great opportunity.
“SDL has a demonstrated track record in process development and high-tech process plant,” said Mr Griffin.
“VSPC’s MoU with SDL provides Lithium Australia with a low-capital pathway to the commercialisation of VSPC cathode powders, in order to meet targets set by our other partners in China.”
SDL has considerable expertise in the design and manufacture of process equipment and extensive experience in the construction, commissioning and operation of chemical process plants, including those for the production of LIB cathode powders.
The market for LFP cathode material is forecast to grow strongly over the next decade. In addition to core applications for ebus and stationary storage, significant demand is expected through substitution (existing) and displacement (expanding) in applications traditionally the domain of lead acid batteries, including but not limited to 12V and 48V applications for micro and mild hybrid powertrains, LSEV (low speed electric vehicles), datacentre UPS and 5G tower backup. Attributes of LFP that make it the ideal LIB chemistry for energy-storage applications include the following.