Australian clean-tech company Graphene Manufacturing Group (GMG) has announced that its graphene aluminium-ion batteries (“G+AI Batteries”) pilot production and testing plant is now operational.
In a media release, the company revealed that the first G+AI Batteries in coin cell type have been made.
GMG intends to build an initial commercial coin cell G+AI Battery manufacturing plant, followed by first production and sales of G+AI Batteries.
The location of this manufacturing plant is yet to be determined, however it will most likely be in Australia, where GMG’s headquarters and current operations are.
GMG and Robert Bosch Australia Pty Ltd signed a non-binding Letter of Intent on October 25, 2021, with the goal of agreeing on the terms of binding agreements for BOSCH to design and deliver this manufacturing plant.
“The commissioning of our Battery Pilot Plant is an important milestone for GMG. Not only will it allow us to develop, manufacture and test our own G+AI Battery coin cell and subsequently pouch packs in-house, it will also enable the Company to accelerate the commercial development of our G+AI Batteries, work with future customers and further build on our internal expertise,” said GMG’s Managing Director and CEO, Craig Nicol.
“We also expect the Battery Pilot Plant to accelerate optimisation of our G+AI Battery prototypes, building on the encouraging results we have already achieved which are generating so much interest from prospective customers.
“Having our own manufacturing and testing capability also supports collaboration efforts with industry partners that continue to express strong interest in the initial performance results and future potential of G+AI Batteries. The lessons we learn from this process will be highly valuable as we work towards commercialisation of this technology.”
GMG’s cash balance is currently over A$15.6 million, indicating that the company is well-funded for the next stage of its expansion goals.
