Privately held battery metal technology company Pure Lithium announced Tuesday the acquisition of all the assets of Dimien Inc., a private US vanadium cathode materials company.
The Boston-based company says it has invented a unique lithium metal battery that swaps nickel and cobalt for vanadium – enabling it to make lithium batteries from scratch going from “from brine to battery” in less than 48 hours. Meanwhile, Dimien developed a class of vanadium-based cathode material known as zeta vanadium oxide .
Dr. Brian Schultz, founder and CEO of Dimien, will join Pure Lithium in the role of vice president of business development and technology.
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