Business
Electrovaya Is Optimistic Its Solid-State Battery Has What It Takes to Reach Commercialization Soon In Increasingly Competitive Solid-State Tech Space
(NewsDirect) As energy capacity needs grow, lithium-ion batteries — the best battery t...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Is Optimistic Its Solid-State Battery Has What It Takes to Reach Commercialization Soon In Increasingly Competitive Solid-State Tech Space\n \n \n (NewsDirect)\n \n \n As energy capacity\nneeds grow, lithium-ion batteries — the best battery technology\ncurrently available — are rapidly approaching their limits.\n \n \n Manufacturers are\nstruggling to increase energy capacity without increasing the weight\nor cost of the battery. That’s why the race is on to develop the\nmarket’s first solid-state battery — one that uses a solid\nelectrolyte in place of the liquid or gel found in lithium-ion\nbatteries.\n \n \n With\nmultiple companies at the forefront of this emerging technology, the\nkey challenges have been developing a design that’s easy to\nmanufacture at scale and functional in the larger format batteries\nneeded for vehicles and storage systems.\n \n Electrovaya Inc.\n \n (OTCQB: EFLVF), already one of the industry’s leaders with its\nsafe, long-lasting lithium-ion battery, is optimistic that its\ninnovative hybrid solid-state battery prototype is moving closer to\ncommercialization. Here’s how it compares to some of the other\nleading solid-state platforms in development.\n \n \n Electrovaya’s Solid State Battery Features\nUnique Attributes Already Used in Its Commercial Lithium-Ion\nBattery\n \n \n Electrovaya’s hybrid lithium metal battery features a lithium\nmetal anode with a ceramic separator and a solid composite\nelectrolyte. In the\n \n \n latest\nstudy results\n \n \n of the proprietary hybrid battery, coin cell\nsamples reached 300 cycles with 94% capacity retention. Those\npreliminary results are a promising sign that the technology can meet\nthe 800 cycles with 80% capacity retention target for a battery to be\nused in an electric vehicle.\n \n \n The Company’s proprietary woven ceramic separator\ntechnology\n \n \n improves\nflexibility\n \n \n , one of the key drawbacks of using ceramic, while\nstill boasting high heat resistance and longevity. r Electrovaya has\nalso demonstrated its ability to implement ceramic separators at scale\nas to it has already been used in thousands of the company’s\n \n \n infinity\nbatteries\n \n \n , high-powered lithium-ion batteries with one of the\nlongest-lasting designs in the ...