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AMTE Power plc, a developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, announced a joint venture agreement with InfraNomics Technologies Pty Ltd and advanced plans to build a 200,000 cell micro production line in Australia’s Lithium Valley.

The 50:50 joint venture will operate through Bardan Cells Ltd and be based in Kwinana, Western Australia. InfraNomics, which focuses on energy technologies and services, is responsible for capital fund raising, providing local expertise, establishing local sovereign supply chains and supporting the development of Bardan. AMTE Power will provide Bardan with the licenced technology and manufacturing expertise to build cells for use in energy storage systems.

In 2018, AMTE and InfraNomics, recognised the commercial opportunity to become a leader in Australia’s battery cell manufacturing sector and began a collaboration which has resulted in the formalisation of the joint venture being announced today. The joint venture marks the transition from feasibility study and detailed business plan to the construction of a micro production line. “The more our cells are in production, whether that be in the UK or Australia, all adds to the commercial appeal of our portfolio of cells. Bardan is attractive as a stand alone investment proposition for us, given the anticipated demand in Australia for energy storage solutions, but at the same time, Bardan is attractive as a further test platform for our technologies and will be particularly useful additional experience and proof to investors and customers of our capabilities as we pursue the development of our UK based Gigafactory,” said Kevin Brundish, Chief Executive Officer of AMTE Power.

www.amtepower.com



 
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