24m: a breakthrough in lithium-ion battery technology?

This morning, Cambridge, Massachusetts. -
Battery Company based in 24 m in 4-and-a-
With the support of technology improvement and investors and strategic partners, the company has been established for half a year.
The 24 m semi-solid lithium-ion battery brings two new things: cheaper, more environment-friendly technology itself (solvent-
Free, easier to recycle);
And is expected to significantly reshape the economy of lithium-ion battery manufacturing.
In a conversation today, Throop Wilder, Co-
Founder and CEO, PhDYet-Jiang Ming, Co-
The founder and chief scientist gave me the details and why it was important.
Jiang observed that lithium-ion batteries have been commercialized for the first time in 1991 for some time, and although there have been significant improvements along the way, the manufacturing process has not fundamentally changed.
The current method is to start with the wet ink of the active material, apply it to thin metal foil, dry, and then under extreme pressure.
These parts are then cut and assembled and then liquid electrolyte is added.
The high speed drying process occurs on the reel-to-
There may be several hundred feet of reel production line.
This means you need a very large and expensive factory.
There are many advantages in lithium ion chemistry, and lithium itself is not expensive, Jiang said.
The high cost of batteries today has more to do with the design and manufacturing of batteries.
What 24 m does is by using half
Solid lithium ion with a consistency Jiang compared to peanut butter, so a thicker electrode can be used to achieve similar properties. The result?
The cost per unit is much lower.
The design of the 24 m also completely avoids drying, which reduces the size required by the factory because people do not need these lengthy reelsto-
Reel dry space.
This process reduces the time by about 80%, which in turn completely changes the economy of manufacturing.
It allows for more modular, less capital
Intensive methods.
Jiang claimed that not only will the 24-meter approach reduce Li
When the ion battery is fully deployed, it costs 50% of today\'s costs, but it may also fundamentally change the cost structure of the entire industry.
Jiang suggested that people can build a smaller modular factory instead of a minimum investment of one billion dollars (
Lower output, of course)
Tens of millions of dollars, perhaps as low as $12 million.
If you design and develop a modular mini perfectly
You can scale up your production quickly.
CEO Wilder said the 24 m has raised $50 million in round A and round B private investments from the portfolio of venture capital firm Charles River venture capital and Northbridge Venture Partners, and a number of large strategic industry partners.
Among them is an unnamed global manufacturer who is designing small-
IHI Plans to deploy a 24 M manufacturing plant
A Japanese industrial manufacturing company that builds and owns power plants, as well as a former Thai government PPT
It owns oil and gas companies.
The latter company invested because \"they started building power plants that they wanted to integrate with storage . . . . . . So we have good manufacturing and customer replenishment in our strategic partners.
Wilder pointed out that the company is also carrying out round C financing.
The company has 8 \"extensive\" patents, including \"75 in Flight\" and nearly 10,000 batteries built so far in Cambridge.
A clear goal is to maintain a technological advantage, even if design changes and innovations occur in the industry.
According to Wilder, continuous development is inevitable, and the company\'s platform is designed to adapt to future changes.
In other words, a large amount of lithium-ion chemicals can be converted into half
Solid materials used in the manufacturing process.
So with all the innovation coming, is Tesla putting its shares on the ground too early?
Billions of dollars in factories that invest in manufacturing processes that may one day be out of date?
Jiang\'s diplomatic answer.
In the end, Jiang observed that much of the lithium-ion battery industry was largely subject to its past and needed to be reinvented.
Obviously, there is a good distance between the current incarnation and an entity that completely changes the industry.
But the company has reliable investors and serious partners.
In the years to come, 24 m will be worthy of attention.