Quantum Graphite inks JV agreement to manufacture graphite-based thermal storage media

294

Quantum Graphite Limited, formerly known as Valence Industries, has entered into a joint venture with The Sunlands Company to manufacture the graphite based thermal storage media for Sunland’s thermal energy storage (TES) battery cells.

The company will source material from its flagship Uley Graphite Project located south-west of Port Lincoln, South Australia.

Under the joint venture agreement, Sunlands will contribute technology comprising certain advanced processing technologies and the specifications of the flake required to produce the final thermal storage media.

Quantum Graphite Director David Trimboli said the joint venture’s manufacturing process will deliver a significant value add to the Company’s flake products.

“The JV positions Quantum as a potentially significant player in the grid connected energy storage sector,” Mr Trimboli said.

“This is a global market and our participation in the manufacture of the most critical component of Sunlands Co.’s TES cells transforms our business from a local supplier and processor of critical minerals to a participant in this global energy markets.”

Image credit: http://quantumgraphite.com/ourbusiness