Talga Group signs multi-year offtake deal with Nyobolt for Talnode-C graphite anode

Sustainable battery materials developer Talga Group (ASX: TLG) has signed a binding offtake agreement with UK-based Nyobolt for a multi-year supply of the company’s unique Talnode-C graphite anode.

Talga will supply Nyobolt, a global leader in ultra-fast battery charging technologies, from its Vittangi anode project in Sweden.

Under the offtake agreement, Nyobolt has committed to purchasing approximately 3,000 tonnes of Talnode-C for an initial term of four years commencing from 13 May 2025.

Validation of Talnode-C

Talga Group chief executive officer Martin Phillips said the deal validated Talnode-C as a feedstock for its proprietary fast-charging battery technology in the wake of the European Commission designating Talga’s natural graphite mine and anode refinery operations as “strategic projects”.

“This agreement marks a significant milestone in Talga’s mission to deliver sustainable, high-power anode materials to the global battery market,” Mr Phillips said.

“[It] also underpins the start of commercial sales and follows extensive qualification and validation in exciting high-power applications that are subject to high-growth market demand.”

High-grade natural graphite

Talnode-C is made from Talga’s unique Swedish high-grade natural graphite and proprietary coating processes to offer an industry-leading, low-emission active anode material made using renewable energy.

Talga’s electric vehicle anode demonstration plant in Luleå will provide the initial supply to Nyobolt and the company will supply the balance from the commercial plant it plans to start building in Luleå from 2026, subject to final investment decision.

Talga is currently engaging with a number of other targeted high-value customers to secure purchase commitments for remaining Talnode-C production capacity to support the development of the Vittangi anode project.

Range of applications

Nyobolt deploys its systems in a growing range of applications including high-performance and heavy-duty vehicles, AI warehouses and data centres.

Chief executive officer Dr Sai Shivareddy said the partnership with Talga is a strategic pillar in his company’s globally diversified sourcing approach.

“Nyobolt is evolving rapidly as more customers seek high performance and maximum uptime for a growing range of power-intensive applications.”