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 clean energy battery solutions for a broad range of industries. Together, the companies will explore the development of lithium-based battery packs for use in Trojan’s key market segments, which include renewable energy, golf, transportation, floor machine, aerial work platform, marine and recreational vehicles.
Trojan says the strategic partnership enables it to expand its portfolio of battery offerings to meet evolving customer demands for applications requiring lithium-based technology.
“Broadening Trojan’s product portfolio to include lithium-based solutions also better enables the company to expand Trojan’s reach into new and evolving industry segments worldwide,” says Mat Segal, senior vice president of global business development at Trojan Battery.
According to the companies, the market demand for lithium-based battery solutions continues to grow as emerging market segments, such as renewable energy, take hold. Traditionally used in portable consumer electronic devices, 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.
“By partnering with an industry leader such as Trojan, Palladium can produce battery packs for a wider variety of market segments,” says Art Salyer, president and chief executive officer for Palladium Energy. “The world’s leading original equipment manufacturers and contract manufacturers already trust Palladium’s power solutions, but this partnership will catapult our company into new and emerging verticals and medium and large format applications, allowing us to have an even larger role in powering the world with green technology.”