Lithium Werks, a global leader in lithium ion solutions for energy storage
Lithium Werks was founded in 2017 by battery veteran T. Joseph Fisher III and entrepreneur Christian F. P. Ringvold.
From the start, Fisher and Ringvold wanted to build an organization that would have real-world impact as a facilitator of the transition from fossil fuels to clean renewables such as solar and wind power.
At the energy generation level, it is obviously essential to find ways to store electricity for when the sun is not shining and there is no wind, and batteries will play an increasingly important role here. In addition, as digitization is expanding across both industry and society, batteries provide much-needed back-up capacity that will keep the lights on and the data safe in the event of a black-out.
Moreover, as the transition to renewables continues to suppress fossil fuel use, batteries are emerging as the solution to a host of energy requirements in industries as diverse as maritime (ships, ferries and boats), medical equipment (operational in the field and throughout black-outs), transport (off-highway vehicles in mines and at airports, trains, trucks, buses, cars, mobility pods, e-bikes and EV charging stations), data centers (back-up systems), manufacturing (mobile power in wireless connected systems), and consumer goods (from smart phones to gardening tools).
By the end of 2017, Fisher and Ringvold had not only built a powerful team of experts, but also secured investment, readying it for a year of rapid expansion. In February 2018, Lithium Werks acquired Valence Technology, followed by the acquisition of the industrial division of A123 in March. The deals ensured a stable supply of battery cells from a 100% owned factory in China, for its module production facilities in the US and China, as well as ownership and licenses to more than 400 patents covering both existing lithium iron phosphate (LFP) battery, as well as high voltage battery materials for potential future battery breakthroughs.
Armed with substantial intellectual property and trademarks, Lithium Werks proceeded with ever closer integration of Dutch battery module producer Super-B, which had been a long-standing customer of A123. Super-B was a Lithium Werks subsidiary from September 2018 to January 2019, before being divested so it could focus on specific areas in the energy storage market. The two companies, which are both headquartered in Hengelo in The Netherlands, retain a close relationship.
In September 2018, Lithium Werks entered into a research and development partnership with the University of Twente in The Netherlands, with a view to jointly research future energy storage solutions and build a centre of excellence in the region, an initiative that is supported by Oost NL, a regional development agency.
By the autumn of 2018, Lithium Werks had established offices in The Netherlands, The United Kingdom, Norway, the USA and China. Lithium Werks provides cells, modules and energy management systems to markets such as industrial, transportation, marine and clean energy.
Developed close relationships in China, culminating in the signing of a framework agreement to build a 60 hectares Gigafactory, with an initial annual production capacity of 8 GWh, in Jiashan near Shanghai.
The agreement, which represents investment of 1.6 billion euros, was signed December 2018 in The Hague, Netherlands, in the presence of the Chinese Premier Li Keqiang and Dutch Prime Minister Mark Rutte.
Construction of the factory and related facilities in the Yangtze River Delta, one of the most developed regions in China, is set to start in 2019, in partnership with the Jiashan Economic and Technological Development Zone, a national-level development zone.
By the end of 2018, Lithium Werks was supplying more than 200 customers in 50 countries, having delivered more than 200 million battery cells to date. Creating a foundation for rapid expansion backed by further strategic alliances, acquisitions and organic growth.