Ilika plc Goliath Scale-up Update (1690K)
04 May 2022 - 4:00PM
UK Regulatory
TIDMIKA
RNS Number : 1690K
Ilika plc
04 May 2022
Ilika plc
("Ilika" or the "Company")
Goliath Scale-up Update
Scale-up plans validated - highlighting cost-saving benefits at
higher volume production levels
Ilika (AIM: IKA), a pioneer in solid-state battery technology,
announces the successful conclusion of its scale-up study,
SOLSTICE, with partner Comau, part of Stellantis, and a world
leader in the industrial automation field. The study reviewed
Ilika's existing Goliath pre pilot line and delivered a plant
design for a Goliath manufacturing line at a mega-scale facility
(the "Project"). As reported by the company on 6th April 2021, the
12-month Project was supported by the Advanced Propulsion Centre
(APC) and Ilika received a GBP276,000 grant towards costs related
to the Project.
The Project had two objectives, firstly a review and subsequent
validation of Ilika's internal plan to scale up its facility from a
production capacity of 50kWh per year to 2MWh per year. Following
on from the review, Ilika has a detailed facility and equipment
plan and has entered into discussions with equipment vendors, with
the first long lead time equipment orders expected to be placed in
Q2 2022. Ilika's 2MWh scale up will deliver and commission a fully
operational facility by Q4 2023. In the meantime, the development
of Ilika's Goliath solid-state battery technology continues in
accordance with the Company's technology roadmap.
The second objective of the Project was an initial review of
Ilika's defined manufacturing process to assess its suitability for
megawatt scale up. The Project concluded there were no cost or
technical barriers to scale up, and indeed important manufacturing
benefits were identified, such as an accelerated formation stage
relative to traditional lithium-ion, which has the potential to
significantly reduce formation times. Comau has produced a
high-level costed plant design for the megawatt scale solid-state
manufacturing line which will be further refined in future planned
collaborations.
Automotive Transformation Director at the APC, Julian
Hetherington said: "The UK has a long legacy of automotive
manufacturing success and the industry now needs to scale up, at
pace, to net-zero emission technologies. We are delighted that the
funding awarded to Ilika and Comau through the Automotive
Transformation Fund has successfully supported collaborative
product and manufacturing process development that can unlock
routes to subsequent investment in scaled- up facilities."
John Coombes, managing Director of Comau UK stated: "This
project represented an integral part of the Comau Journey in
Electrification, developed with the contribution of the internal
Battery Cells Global Competence Center. We are proud of the
collaboration we have had with Ilika and the APC, and also the
ability to demonstrate the value our capabilities can contribute in
this field. "
Graeme Purdy, Ilika CEO, stated: "This project has successfully
validated Ilika's scale-up plans for its Goliath technology,
highlighting some important cost-saving benefits at higher volume
production levels which pave the way to gigawatt scale
manufacturing. Working with Comau, one of the world's leading
designers of innovative engineering solutions, has delivered a
robust plan to scale-up Ilika's manufacturing capability for
Goliath solid-state batteries to the next level."
For more information contact:
Ilika plc
Graeme Purdy, Chief Executive
Steve Boydell, Finance Director +44 (0)23 8011 1400
Liberum Capital Limited
Andrew Godber, Cameron Duncan,
William Hall, Nikhil Varghese +44 (0) 20 3100 2000
Berenberg (Joint Broker)
Emily Morris, Detlir Elezi,
Milo Bonser, Mara Grasso +44 (0) 20 3207 8700
Walbrook PR Ltd +44 (0)20 7933 8780 or ilika@walbrookpr.com
Lianne Applegarth Mob: +44 (0)7584 391 303
Nick Rome Mob: +44 (0)7748 325 236
Tom Cooper Mob: +44 (0)7971 221 972
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