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Quantum Graphite Ltd ( (AU:QGL) ) just unveiled an update.
Quantum Graphite Ltd, in partnership with Sunlands Energy Co., has announced that Sunlands has been granted an Australian patent for its thermal battery technology. This development follows similar patent grants in the USA and South Africa and bolsters the joint venture’s position in the rapidly growing global energy storage market. The patented technology, which utilizes Quantum Graphite’s Uley 2 coarse graphite, is pivotal in enabling emissions-free electricity generation, offering significant potential for retrofitting coal-fired generators. This positions the company strategically within the energy storage sector, which is anticipated to expand substantially, driven by international policy mandates and incentives.
More about Quantum Graphite Ltd
Quantum Graphite Ltd is involved in the mining and development of the Uley flake graphite mineral deposits located in South Australia. Uley 2 project is a key development stage for one of the largest high-grade natural flake deposits globally. The company is engaged in a joint venture with Sunlands Energy Co. to produce TES Graphite Cells, essential for long-duration energy storage technologies.
Average Trading Volume: 75,557
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$172.5M
Learn more about QGL stock on TipRanks’ Stock Analysis page.
