American lithium extraction firm EnergyX claims to have achieved a major breakthrough with its SoLiS™ battery development that will apparently pave the way for the 500,000-mile electric car of the future.
According to the press release, the innovative solid-state batteries offer multiple advantages in terms of safety, affordability, and life cycle.
About the EnergyX SoLiS
It must be noted that the ground-breaking solid-state battery of EnergyX is still in the development phase.
Nonetheless, EnergyX claimed that the SoLiS™ battery has a lifespan of more than 600 cycles. It further plans to increase that figure to surpass 1,000 cycles in the future. It is also capable of 15-minute fast charging.
“While still in the development cycle, batteries constructed with these materials have exceeded 600 cycles. These solid electrolytes have extraordinary properties, including high conductivity.”
EnergyX
EnergyX strongly emphasized the battery technology’s capability to enable around 500,000 miles and 600+ miles of driving range for electric vehicles.
“The company is confident that a solid-state, lithium metal battery derived from EnergyX’s discovery could power an electric vehicle for about 500,000 miles and 600+ miles per charge. Batteries with these capabilities will make EVs more affordable, and accelerate the green energy transition.”
EnergyX
Benefits
The new solid-state batteries have a higher driving range, improved charging capability, and extended lifecycle than traditional batteries that employ liquid electrolytes.
Moreover, the materials needed for the development of the SoLiS™ battery are also more affordable and easier.
EnergyX claims that these innovative batteries will revolutionize the electric vehicle industry by providing an effective alternative to expensive li-ion batteries.
“We all know the shortcomings of lithium-ion batteries. They don’t hold a charge for long enough, have short lives, are relatively expensive to produce, and – under the wrong conditions – can be highly unstable. EnergyX SoLiS™ batteries have shown great promise mitigating these concerns. Soon we will look to power the electric vehicle industry.”
EnergyX VP of Battery Technology Dr. Nicholas Grundish
Government funding and investors
CleanTechnica reported that the US Department of Energy granted EnergyX $5 million in funding for the “Simplified High Purity Direct Lithium Hydroxide Production from Salton Sea Brines” project last July. It is apparently focused on lithium extraction from geothermal brine to support the electric vehicle market.
Moreover, it also gained an investment of $50 million from major South Korean conglomerate Posco Holdings through the Elohim Partners and IMM Investment Global in October.
“POSCO will provide financial and strategic benefits to EnergyX to help the company accelerate its transition towards full commercialization.”
EnergyX
EnergyX’s SoLiS™ batteries undoubtedly have the potential to accelerate the widespread shift to electric vehicles, considering their capability to combat range anxiety. It can also enable electric automakers to produce lower-cost models as these batteries are cheaper to produce than li-ion batteries.
