A new battery brand has hit the Australian market this week, with the first commercial shipment of China-made Soluna lithium-ion energy storage products arriving in Victoria.
The energy storage systems – which are already being sold in Europe and the US – will be sold locally by Soluna Australia, a joint venture between an ASX-listed lithium recycling, extraction and processing outfit Lithium Australia and DLG Group, one of China’s 10-largest producers of lithium-ion cells.
Lithium Australia said on Monday it had completed the formalities for joint battery marketing operations with DLG – a 50:50 partnership first flagged in May as part of a broader plan to boost battery uptake, and potentially also manufacturing, in Australia.
“A detailed investigation of the Australian energy-storage industry identified serious supply-chain constraints in the delivery of LIBs to Australian customers,” a statement said.
“Soluna Australia intends to provide a new and reliable supply source for renewable energy solutions to power users in Australia.”
The companies said Soluna Australia’s plans included a focus on creating innovative energy storage solutions for remote-site and mining applications. Although the company will provide grid-connected and residential battery solutions, too.
They would also evaluate the feasibility of manufacturing battery packs in Australia, while offering battery recycling solutions through Lithium Australia’s already established business.
To read the full story on RenewEconomy sister site One Step Off The Grid, click here…
Transmission remains the fundamental building block to decarbonising the grid. But the LNP is making…
Snowy blames bad weather for yet more delays to controversial Hunter gas project, now expected…
In 2024, Renew Economy's traffic jumped 50 per cent to more than 24 million page…
In our final episode for the year, SunWiz's Warwick Johnston on the highs and the…
CEFC winds up 2024 with record investment in two huge transmission projects, as Marinus reveals…
Regulator says big energy players are manipulating prices to their benefit. It's not illegal, but…