Image Credit: Vaulta
Brisbane based sustainable battery manufacturer Vaulta announced this week that it has signed a partnership with American company eFinery Energy to deploy Vaulta’s battery systems overseas and set up a licensed assembly facility in the United States.
Vaulta, which was founded in 2020 and develops advanced lithium energy storage solutions, won its first international investor back in 2023 when a Turkish-based company called Niocycle participated in a second tranche of funding.
The company makes proprietary battery products that feature rapid assembly, cost efficiencies, and – maybe most importantly – advanced repair, reuse, and recycling features that Vaulta hopes will set the company apart from other companies.
eFinery Energy is a leading US-based sustainable energy innovator that is involved in a range of micro-grid solutions and emissions-free fuels, including biofuel and hydrogen.
The MoU serves as the foundation for the two companies to collaborate on scaling Vaulta’s battery technology in the United States, with up to 5 GW worth of energy storage capacity expected to be deployed as a result of the partnership.
Specifically, eFinery will integrate Vaulta’s battery solutions into its existing portfolio of sustainable solutions which include micro-grids, last-mile energy systems, and behind-the-metre applications.
“Partnering with Vaulta allows eFinery to access state-of-the-art battery technology, enabling us to deliver reliable, scalable, and sustainable energy solutions,” said Michael Gurin, CEO of eFinery Energy.
“This alliance solidifies our commitment to transforming energy markets and creating lasting value for customers and communities.”
In the same year that Vaulta attracted its first international investor, the company was also selected to participate in the Supercharge Australia Innovation Challenge, run by EnergyLab and New Energy Nexus.
Selected by an expert panel from CSIRO, Boundless, New Energy Nexus and EnergyLab, Vaulta was one of eleven start-ups selected as part of the Challenge, which intended to drive local lithium battery innovation with “hyper-accelerated” business support from
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