Talga Group (ASX: TLG) has lodged an “Industrial Leap” application for a 1.1 billion Swedish krona (SEK) grant under Sweden’s Industriklivet 2 program to advance its commercial-scale anode production.
The grant would support construction of a 5,000-tonnes-per-annum anode facility at Luleå as part of Talga’s integrated Vittangi project, and follows Talga being awarded the ‘Industriklivet 1’ program grant in October 2025.
Talga submitted the Industriklivet 2 application as part of a 3.1 billion SEK project to build its first commercial-scale line producing Talnode-C and Talnode-R anode products.
Managing director Mark Thompson said the grant represents a pivotal step in scaling from the existing Electric Vehicle Anode demonstration plant to full commercial production.
Non-Dilutive Funding
If granted, Talga anticipates the funding – approximately A$180 million – to be confirmed in the first quarter of CY2026.
It would complement the €150 million European Investment Bank loan and €70 million EU Innovation Fund grant the company has already secured for Vittangi.
Talga is negotiating refinements to these packages with completion targeted for the second quarter of calendar year 2026 to align with the final engineering and design work under Industriklivet 1.
The company said this non-dilutive funding stack significantly de-risks development and provides a clear pathway toward establishing the initial 5,000tpa commercial line.
Extensive Customer Validation
Talga has secured extensive customer validation across battery energy storage, defence, high-powered EVs, robotics, and consumer electronics, believing that successful qualification programs and pricing discussions confirm strong market readiness, with expressions of interest now covering more than 80% of its initial 2028 capacity.
The company will supply anode material from the Electric Vehicle Anode plant in 2026, ahead of the commercial plant coming online.
Talga’s modular design strategy enables a staged ramp-up from the initial 5,000 tpa line to a total of 24,500tpa through its full Stage 1 refinery design.
The first stage includes site preparation, major utilities, heating, ventilation and air-conditioning infrastructure, and installation of the initial purification and coating line.
Talga said the staged approach reduces upfront equity requirements, mitigates execution risk, and positions the company as Europe’s only integrated supplier of natural and recycled anode products.
