Patent pool created for leading battery makers

Patent pool created for leading battery makers

Business news |
By Nick Flaherty

Tulip Innovation in Hungary has been set up to run a patent licensing programme for LG Energy Solution and Panasonic Energy Lithium-Ion Battery Technologies

Tulip has over 5000 patents from LG Energy and Panasonic covering lithium-ion battery technology and aims to license these to battery manufacturers globally. It has been funded as an independent company to establish and manage the lithium-ion battery licensing program and is based in Hungary, the hub of European battery manufacturing,.  

This is the largest aggregation of patents offered for license in the battery industry to date. LG and Panasonic have many of the most widely deployed battery technologies in the world and the patens cover a broad spectrum of materials and processes related to cathode, anode, electrolyte, separator, and electrode, as well as structures and processes related to cells, modules, and packs.

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“By providing a fair patent license opportunity to industry latecomers, Tulip will contribute to upholding fair and competitive market condition in the battery industry,” said  Jay Kim, Chief Technology Officer of LG Energy Solution

As the license administrator, Tulip says the programme offers battery manufacturers a new efficient and alternative way of accessing this wide range of patented technologies from the two companies through a single license.

 “With standardized agreements, streamlined administration, and a single point of contact, Tulip offers considerable advantages for manufacturers who are ready to obtain the IP licenses necessary to cover their lithium-ion battery operations under the LG Energy Solution and Panasonic Energy patent portfolios,” said Giustino de Sanctis, CEO of Tulip and CEO and founder of London-based IP consultancy Aliante.

“The Tulip programme is an excellent opportunity for companies active in lithium-ion battery manufacturing to obtain broad licenses on major technology areas that could serve as bedrocks for their businesses,” said Kim at LG.

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“Creating a fair competitive environment through this programme will foster innovation in green technology, thereby contributing to achieving a more sustainable society,” said Shoichiro Watanabe, Chief Technology Officer of Panasonic Energy.

“Tulip’s ability to provide licensees with tailored solutions, combined with a deep understanding of the technologies and industry standards, along with simplified reporting and administrative procedures, will significantly benefit all stakeholders involved.”

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