Thank you for Subscribing to Utilities Tech Outlook Weekly Brief
Batteries with Higher Energy Density and Reduced Costs
By Utilities Tech Outlook | Monday, April 22, 2019
The world is now moving toward increased electricity transport and the use of renewable energy sources for grid power. The advanced technologies for the storage of electrical energy are becoming increasingly important. The introduction of electric vehicles has led to a global race to develop and manufacture new types of batteries that are lighter and cheaper than the existing technologies.
24M Technologies responds to the world's need for affordable storage of energy. It provides a new, cost-effective version of the lithium-ion battery powered by lithium-ion semi-solid technology.
The SemiSolid method, which uses electrolyte as a processing moderator, reduces exhaustive steps such as drying, solvent recovery, and filling of electrolytes in capital and energy. The electrodes formed are four to five times thicker using different materials. They quickly pair these anodes and cathodes in a cell. The method through differentiated cell design is utilized. So that it reduces the need for significant inactive material such as copper, aluminum, and separator. These both lead to the advantage of a structural bill of materials and a cost-effective manufacturing process.
In addition, the incorporation of electrolyte during the binderless slurry mixing method carries out unique approaches to cell patterns of high energy density that have been difficult to explore previously. The 24 M battery lab version has an energy density of 280 and 300 watt-hours per kilogram (Wh/kg). This exceeds approximately 250 Wh/kg of most top-end batteries on the market now.
The batteries' initial target market is electric vehicles. The company has also highlighted the potential of its technology to improve the storage of grid energy. Many other companies and researchers are moving aggressively towards higher energy density, including alternative electrode chemicals and solid electrolytes.
From smartphones to electric vehicles, lithium-ion batteries power everything. They are suitable for work because they are smaller and lighter, charging faster, and last longer than other batteries. However, they are also complex and therefore costly to produce, which has prevented the mass adoption of electric transport and large-scale storage of energy.