KUALA LUMPUR, Feb 28 (Bernama) -- Johnson Matthey (JM), a global leader in science that enables a healthier world, will supply lithium iron phosphate (LFP) battery cathode material to energy storage and battery company, Lithium Werks.
This follows a long-term battery material supply agreement between both companies, spanning five years, beginning April 1.
Through incorporating JM’s advanced LFP technology into Lithium Werks batteries, both companies are energised to work together to support the growing demand from the industry and consumers for higher performing energy storage technologies.
JM will supply its LFP material manufactured at its facility in Changzhou, China.
The cathode material is a key component in battery cells produced by Lithium Werks, for a range of applications, including material handling, large motive, maritime and energy storage.
Lithium Werks chief executive officer, T. Joseph Fisher III said a secure long-term supply of cathode material from a solid supplier like Johnson Matthey would provide additional certainty to its customers and enable the transition to clean and sustain renewable energy.
Meanwhile, JM’s Battery Materials business chief technology officer and chief executive, Alan Nelson said the company was pleased to enter into this agreement with Lithium Werks to supply the LFP.
Lithium Werks is a fast-growing global lithium-ion battery company, headquartered in Hengelo, Netherlands. The company provides cells, modules and energy management systems.
-- BERNAMA
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