Stryten Energy LLC, a U.S.-based energy storage solutions provider, has announced a strategic partnership with Dragonfly Energy Holdings Corp. (Nasdaq: DFLI), a leader in green energy storage. The agreement, valued at over $30 million, grants Stryten exclusive global licensing rights to market and distribute Dragonfly’s Battle Born Batteries brand of lithium-ion batteries. This deal also includes domestic contract manufacturing of these products.
Mike Judd, CEO of Stryten Energy, stated, “Adding Dragonfly’s Battle Born Batteries to our portfolio enhances our ability to offer high-quality lithium batteries across multiple industries. This partnership aligns with our goal of providing a domestic supply chain and supporting a circular economy for lithium batteries.”
The collaboration aims to meet rising consumer demand for durable batteries, particularly in marine, golf cart, and power sports sectors. Stryten will distribute existing Battle Born Batteries and co-develop new models tailored to their markets.
Dr. Denis Phares, CEO of Dragonfly Energy, expressed enthusiasm for the brand’s expansion, noting, “We’re excited to see Battle Born Batteries reach new markets. Partnering with Stryten, known for its innovation and extensive reach, will enhance our growth and make our products more accessible nationwide.”
This partnership will also establish a U.S.-based supply chain and end-of-life battery recycling program, ensuring responsible disposal of consumer lithium batteries. Stryten will integrate its recycling services, based on its sustainable lead battery model, to prevent batteries from ending up in landfills.
Judd added, “We’re committed to investing in domestic lithium battery assembly, supporting future production, and advancing our country’s energy independence. Production is set to begin in early 2025, initially focusing on military and industrial applications.”
Stryten will leverage the Advanced Manufacturing Production Credits under Section 45X of the Internal Revenue Code to boost its domestic lithium battery assembly capabilities and aim to source 100% of its lithium cells domestically as supply chains mature.
