Australian advanced lead battery maker Ecoult says this month’s expansion into India is the first step in creating a global manufacturing network.
Chief executive John Wood told GTM he expects his Sydney-based company to sign licensing deals with manufacturers in most major energy storage markets by 2019.
At the same time, the company is hoping to “significantly improve performance” and halve the cost of deploying its products for an unspecified number of applications, Wood said. “I’m looking to be a cost leader,” he commented.
Ecoult is stepping up its international ambitions on the back of five years of field experience with its UltraBattery technology, which is billed as a hybrid between a lead battery and a supercapacitor.