InoBat and Green Lithium agree on strategic partnership

InoBat, supplier of batteries for electric vehicles and Green Lithium, an innovative mineral processing company agreed a strategic partnership to build and operate the first large-scale commercial lithium refinery in the UK.

The two companies will work together to accelerate the development of a ‘cradle-to-cradle’ UK battery value chain, from the provision of low-carbon lithium chemicals to the recycling of batteries.

The partnership will see Green Lithium supply InoBat with battery-grade lithium chemicals and the two companies collaborate, bringing together InoBat’s expertise in innovative battery technology with Green Lithium’s ability to increase, diversify and secure the European supply of low-carbon battery-grade lithium chemicals – a key raw material in the production of electric vehicle batteries.

InoBat and Green Lithium will also be working with the relevant government authorities in the UK and the EU to achieve their strategic business goals, including InoBat’s ambition to develop a network of gigafactories across western Europe during 2024.

Speaking on the partnership, Marian Bocek, co-founder and CEO of InoBat Auto said, “In partnership with Green Lithium, we will accelerate the global rollout of green battery technology using low-carbon, battery-grade lithium hydroxide to create, what we believe, to be the most innovative and advanced batteries on the market.”

Sean Sargent, CEO of Green Lithium added that, “In InoBat, we have found an organisation with whom we will not only have a commercial supplier relationship, but one with whom we can work together as part of a wider partnership to create a sustainable battery supply chain and further our shared sustainability ambitions.”