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Dragonfly Energy Announces Breakthrough in Lithium Battery Production: Eliminating Harmful “Forever Chemicals”
Concerned about “Forever Chemicals,” also known as PFAS (per- and polyfluoroalkyl substances), due to their environmental persistence and potential health
About this update from Dragonfly Energy Holdings Corp
[{"type":"text","content":"Concerned about “Forever Chemicals,” also known as PFAS (per- and polyfluoroalkyl substances), due to their environmental persistence and potential health risks, the European Union (EU) and US Environmental Protection Agency (EPA) are proposing restrictions on their use. This will greatly impact the lithium battery industry, as PFAS are commonly used in electrode production.Using their proprietary dry electrode battery manufacturing process, Dragonfly Energy has successfully produced lithium battery cells with PFAS-free electrodes. This positions the Company well to capitalize on market shifts towards sustainable alternatives, as regulations potentially come into effect.Dragonfly Energy's scalable cell manufacturing process is available for global licensing and joint development opportunities, positioning them for international partnerships. RENO, Nev., May 09, 2024 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in green energy storage, has made a significant breakthrough in battery manufacturing with the successful production of PFAS-free electrodes in lithium battery cells. As concerns mount over PFAS (per- and polyfluoroalkyl substances), also known as 'forever chemicals,' Europe is poised to enact restrictions on its use. This could negatively impact many battery suppliers, as PFAS are a common chemical in lithium-ion battery production which have been linked to environmental and health risks. The US Environmental Protection Agency (EPA) has also been taking steps to address these mounting PFAS concerns. PFAS pose a growing challenge for the lithium-ion battery industry. These substances are widely used in battery components, from electrolytes to electrode binders, but can be released into the environment during production, disposal, and recycling. Dragonfly Energy recognized this as an opportunity for differentiation and used the Company’s proprietary dry electrode battery manufacturing process to successfully produce a working lithium cell using PFAS-free electrodes. \"At Dragonfly Energy, we are deeply committed to the dual imperatives of environmental sustainability and technological advancement,\" said Denis Phares, Chief Executive Officer of Dragonfly Energy. \"This breakthrough by our team exemplifies this commitment. By successfully demonst...