Trojan Battery Co., a manufacturer of deep-cycle batteries, and Palladium Energy, a manufacturer of custom lithium-based battery packs, have formed a strategic alliance to develop renewable energy battery products.
The companies plan to explore the development of lithium-based battery packs for use in Trojan's key market segments, including solar energy. The partnership enables Trojan to expand its portfolio of battery offerings to meet evolving customer demands for applications requiring lithium-based technology.
The market demand for lithium-based battery solutions continues to grow as emerging market segments, such as renewable energy, take hold, the companies note. Advances in lithium-based battery packs now enable the use of smaller, lightweight footprints with increased energy density in a broad range of applications that require primary or back-up battery power.
