Wilton-based Cadenza Innovation, the pioneering provider of energy storage solutions for license to lithium-ion (Li-ion) battery pack manufacturers, and Syrah Resources, Limited (ASX code: SYR), a leading industrial minerals and technology company, announced an exclusive, long-term research and development agreement to fuel advancements in graphite anode technology for use in lithium-ion-based energy storage.
Based in Australia, Syrah has the only major, fully funded, natural graphite development project in construction globally. The company is now preparing for the commencement of production. By 2020, Syrah is projected to be the world’s largest individual graphite producer with approximately 40% market share from its Balama operation in Mozambique. Notably, Syrah has a downstream processing facility in development in Louisiana, which will be integral to the company agreement with Cadenza Innovation.