Lithium Australia’s (ASX: LIT) 50%-owned Soluna Australia has received endorsement from the Clean Energy Council after it gave accreditation to Soluna’s battery energy storage systems.
The Clean Energy Council is Australia’s peak body for clean energy and requires clean energy products sold within Australia meet the highest international standards.
Accreditation from the council flags to Australian power grid operators that Soluna’s products meet national and international standards.
Only products on the Clean Energy Council’s approved lists are eligible for the small-scale technology certificates under the Government’s Small-Scale Renewable Energy Scheme and other government incentive programs.
“Gaining Clean Energy Council approval for all the products it markets is a great achievement for Soluna and opens the door for sales of its high-quality, flexible product range to those wishing to save on their energy bills,” Lithium Australia’s managing director Adrian Griffin explained.
“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 to more efficient battery production to battery sales via Soluna, and, ultimately, the recycling of spent batteries through Envirostream Australia,” Mr Griffin added.
Soluna is a joint venture established between Lithium Australia (50%) and Chinese battery manufacturer DLG Energy (Shanghai).
The company was incorporated in July last year to sell energy storage solutions within Australia and beyond.
Soluna has products for both residential and industrial markets across the country.
Residential products comprise lithium-ion battery storage, a hybrid invert and an advanced battery management system.
These items have all received Clean Energy Council approval.
Soluna has ordered additional stock with a delivery expected next month.
Meanwhile, in the mining space Soluna will develop a renewable energy and battery storage facility for rare earth developer Northern Minerals (ASX: NTU) at its Browns Range mining camp about 1,900km north-east of Perth in WA.
Lithium Australia anticipates in the post-COVID-19 awakening of Australia and China’s economy, Soluna will be able to supply new products across Oceania in July.