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Canadian Energy Storage Companies Join Forces to Develop Next-Generation Batteries

Stockhouse Editorial
1 Comment| March 1, 2022

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A leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, announced this week that it had signed a joint development and commercialization agreement with the largest producer of solid-state lithium metal batteries.

Li-Metal Corp. (CSE: LIM, Forum) signed the agreement with Blue Solutions to advance the development of its high-performance low-cost lithium metal anode technologies. Blue Solutions' solid-state batteries will also be used in passenger electric vehicles (EVs).

This agreement marks a strategic milestone for Li-Metal as it moves toward product testing and qualification, ensuring the adoption of its anode technologies in next-generation batteries.

Li-Metal co-founder and CEO, Maciej Jastrzebski said in a media release on this news that Blue Solutions is the only manufacturer in the market today producing and selling an all-solid-state lithium metal battery for real-life applications running on every continent, and this agreement will further enable Li-Metal to pioneer lithium metal anode technologies in next-generation batteries for the EV industry.

“The partnership combines Li-Metal's high-performance low-cost sustainable lithium anode technologies with the know-how of a proven solid-state battery producer, and together, we will develop next-generation battery anodes that are more cost-effective, have increased performance and are more environmentally sustainable.”

Blue Solutions Canada General Manager, Alain Vallé added that his team is backed by decades of experience with manufacturing and use of a metallic lithium anode in our unique Lithium-Metal-Polymer (LMP) battery, still today and for over 20 years, the only All-Solid-State-Battery (ASSB) technology commercialized in the world.

“We have the greatest confidence in the talent for innovation that the Li-Metal team will bring to this common development that will contribute in solidifying our position as the world leader in lithium metal anode design and production. We plan to qualify this upcoming optimized ultra-thin lithium metal anode to improve our current battery production as well as our next generation batteries in development for passenger EVs.”

Both companies will oversee construction and operation of a full-scale anode plant, initially capable of producing between 100-300 MWh of anode materials per year in 2023.



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