Lithium Werks was established in 2017, to enable the energy transition from fossil fuels to clean renewables, such as solar and wind power. Founded by battery veteran Joseph T. Fisher II and entrepreneur Christian F. P. Ringvold, the goal was to create a sustainable, modern life by providing safe, reliable and mobile energy solutions. Realizing the growth potential in the lithium iron phosphate (LFP) market, due to its outstanding performance, safety, and cycle life; the pair set out to bring industry expertise and the right technology together. By the end of 2017, Fisher and Ringvold had not only built a powerful team of experts but also secured investment, readying it for a year of rapid expansion. In February 2018, Lithium Werks acquired Valence Technology, followed by the acquisition of the industrial division of A123 in March. The deals ensured a stable supply of battery cells from a 100% owned factory in China, for its module production facilities in the US and China, as well as ownership and licenses to more than 400 patents covering both existing lithium iron phosphate (LFP) battery, as well as high voltage battery materials for potential future battery breakthroughs.