Licensing agreement and a Li-ion battery facility in Aus
Cadenza Innovation, a US-based provider of low-cost, high-performance lithium-ion (Li-ion) energy storage solutions to battery manufacturers, has announced a licensing agreement with Australian Li-ion battery manufacturer Energy Renaissance. The agreement pairs Cadenza Innovation’s patented technology, design and global battery industry expertise with Energy Renaissance’s advanced manufacturing and sales capability, along with its commitment to employ Australian resources.
Initially targeting the utility/grid, electric vehicle (EV) and industrial markets, Cadenza Innovation’s patented supercell serves as the cornerstone of its novel architecture. Providing simplification in battery pack design, it is said to reduce production and manufacturing costs, overcome safety issues and improve energy density.
In addition to its battery technology platform, Energy Renaissance will leverage the Cadenza Innovation team’s multidecade experience in designing facilities, sourcing and qualifying materials, planning and deploying production lines, and defining optimal supply chains and workflows for battery manufacturing sites. This will complement Energy Renaissance investors’ prowess in engineering, construction, mining and mineral operations, and power industry infrastructure.
The agreement coincides with Energy Renaissance’s development of the 1.3 GWh Renaissance One facility — a utility-scale battery manufacturing facility dedicated to providing commercial-scale, high-value, reliable and safe energy storage systems specifically designed for hot and humid climates. Given such conditions, the batteries used in those systems have different and demanding requirements that far exceed the capabilities of typical Li-ion batteries.
“Australia is gaining global attention as a nation with all the resources needed to capitalise on the unprecedented demand for batteries, energy storage systems and renewables,” said Energy Renaissance Chair Su McCluskey. “With rapidly expanding end markets ranging from utilities, transportation and industrials to standalone solutions for remote areas, the time is now for our country and our company to step up to this massive, immediate opportunity.”
“Today, there is an insatiable need for reliable batteries to facilitate renewable energy from solar, wind and hydro as well as for enabling better efficiency for traditional energy sources,” added Cadenza Innovation’s founder and CEO, Dr Christina Lampe-Onnerud. “Energy Renaissance is moving aggressively to address those requirements in a country that is proving itself a global leader in this transition. We’re excited to play a key role in those efforts.”
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