We are excited with this opportunity to now expand production capacity for our lithium sulphur batteries with the new space being adjacent to both the current production and research labs on the campus.
Over the coming months we plan to install a large dry room and significant commercial equipment in the facility to enable our production capacity to scale from its current limited capacity to over a thousand cells per week, which translates to more than 2 Megawatt hours of production capacity each year. The new facility also has several adjoining research labs to ensure close and ongoing cooperation between our research and production teams.
Completion of the new facility will be a critical step in commercialisation, allowing the company to produce consistent high quality, commercial-grade cells and packs for testing and utilising by our partners. This state-of-the-art facility will demonstrate the scalability of our industry leading IP on lithium sulphur and lithium metal battery technology.