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Source: Lithium Australia
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  • Lithium Australia (LIT) and DLG Energy’s joint venture, Soluna Australia, has received the tick of approval from the Clean Energy Council (CEC)
  • CEC required that all clean-energy product sold in Australia need to meet the highest international standard, in which case Soluna’s products did
  • Soluna’s Power Bank system is available for installation around the country, with additional stock expected in early July
  • Managing Director Adrian Griffin is pleased with the approval and said this is an important step for Soluna
  • Lithium Australia is up 3.92 per cent on the market this afternoon, trading for 5.3 cents per share

Lithium Australia (LIT) and DLG Energy’s joint venture, Soluna Australia, has received the tick of approval from the Clean Energy Council.

The Clean Energy Council (CEC) is Australia’s peak body for clean energy and has approved Soluna’s battery energy storage systems. The CEC has required that all clean energy product sold in Australia need to meet the highest international standards.

Soluna was created to supply energy storage solutions within Australia. It’s Power Bank systems are for residential applications, which includes lithium-ion battery storage, a hybrid inverter and advanced battery management.

With this new approval, the products will be available for installation around the country. The company has ordered additional stock, which will be expected in early July.

All-in-one Soluna Power Bank S4 and S12 domestic systems

Lithium Australia’s Managing Director Adrian Griffin said gaining approval for all of the products is a great achievement for Soluna.

“Lithium Australia’s investment in Soluna complements its other business units; together, these comprise a practical circular economy for battery products, ranging from a reduction of waste in the mining phase through more efficient
battery production to battery sales via Soluna and, ultimately, the recycling of spent batteries through Envirostream Australia,” he said.

“Soluna, then, is an integral part of the circular economy, for which Lithium Australia is providing ethical and sustainable solutions,” he added.

Lithium Australia is up 3.92 per cent on the market this afternoon, trading for 5.3 cents per share at 3:34 pm AEST.

LIT by the numbers
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