Solid-State Li-Ion Startup Finds New Investor

Ford Invests in Solid-State Li-Ion Battery Startup

Increasingly, the world relies on lithium-ion batteries. However, the battery’s underlying tech has room for improvement. Evidently, major automakers know where that improvement will come from. As a result, Ford has invested in a solid-state Li-Ion battery startup.

READ: MIT Lithium Battery Breakthrough Boosts Capacity

Solid-State Li-Ion batteries aren’t expected for a decade. Nevertheless, some aren’t willing to wait.

Currently, electric vehicles and most consumer electronics are powered by liquid-state batteries. These batteries power increasingly sophisticated Smartphones. However, solid-state models will more than double battery life and performance.

Solid-State on the Horizon

Solid-state Li-IonColorado-based startup “Solid Power” thinks it can develop the technology. Moreover, it thinks it can make a cost-effective model for EV producers quicker than the competition.

As a result, big-name investors have come forward. Ford, Hyundai, and BMW all have a stake.

The company incorporates a high-capacity lithium metal anode. Ultimately, the solid-state cell has 2-3 times more energy capacity than liquid-state batteries.

Global Attention Paid to Li-Ion Tech

Additionally, solid-state Li-Ion batteries offer several other benefits. Firstly, they’re much safer. Solid-state batteries don’t include flammable liquid electrolytes. The lack of safety features allows for greater storage capacity.

Solid-State Li-IonAdditionally, they are highly compatible with modern EVs. The batteries can be molded, fitting any chassis.

The world welcomes such innovation. Currently, most of the world’s automakers are eco-conscious. Furthermore, Smartphone and grid storage applications would benefit greatly.

Perhaps “Solid Power” will accelerate global EV adoption rates.

 

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Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).