Johnson Matthey and Lithium Werks sign long-term LFP battery materials supply agreement
Johnson Matthey (JM), a global provider in science that makes the world cleaner and healthier, has entered into a long-term battery materials supply agreement with energy storage and battery company Lithium Werks.
Under the agreement, which will start April 1, 2019 and run for five years, JM will supply its lithium iron phosphate (LFP) battery cathode 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.
Through incorporating JM’s advanced LFP technology into Lithium Werks’ batteries, both companies are excited to work together to support the growing demand from industry and consumers for higher performing energy storage technologies.
Commenting on the agreement, Alan Nelson, Chief Technology Officer and Chief Executive of JM’s Battery Materials business said: “We are pleased to enter into this agreement with Lithium Werks to supply our LFP. We look forward to developing our relationship further as JM continues to execute its strategy of break out growth in battery materials.”
Commenting on the agreement, T. Joseph Fisher III, Chief Executive Officer, Lithium Werks said: “Having a secure long-term supply of cathode material from a solid supplier such as Johnson Matthey will provide additional certainty to our customers, and enable the transition to clean and sustainable renewable energy.”