Germany-based Lehmann Marine, a leading provider of maritime lithium ferrophosphate (LFP) battery systems, has announced a strategic partnership with the Greek Sunlight Group, a member of the Olympia Group with over 30 years of experience in battery production. As part of the agreement, Sunlight will acquire a majority stake of 51% in Lehmann Marine.

Managing Director of Lehmann Marine, Alexander Lehmann, expressed enthusiasm about the partnership, stating, “This collaboration marks a significant milestone for both companies. Teaming up with Sunlight will enable us to ramp up our production capabilities and cater to the growing demand for safe and efficient energy storage solutions in the maritime industry.”

Labros Bisalas, CEO of Sunlight Group, also shared his thoughts on the strategic investment, saying, “Our decision to invest in Lehmann Marine underscores Sunlight’s dedication to seizing lucrative opportunities in the energy storage sector. By uniting our strengths with Lehmann Marine, we are well-positioned to lead the way in the burgeoning maritime battery market, which is poised for substantial expansion in the years ahead.”

The global maritime battery market is forecasted to experience significant growth by 2030, fueled by the rising adoption of electric and hybrid propulsion systems aimed at curbing emissions and meeting international sustainability goals.