Fastmarkets analysts Muthu Krishna and Phoebe O’Hara look at the potential of solid-state and sodium-ion batteries to scale up and ease the pressure on lithium-ion NMC and LFP battery chemistries, which currently dominate the EV and ESS markets.

ASX-listed Altech Chemicals and research institute Fraunhofer-Gesellschaft have progressed plans for a 100MWh plant in Germany to produce the latter’s energy storage-focused sodium solid state battery technology.

Lithium-ion battery pack manufacturer Dragonfly Energy expects revenues to increase 47% this year, during which it will complete a Nasdaq listing through a SPAC merger, before doubling in 2023.

Ion Storage Systems (ION), a company that has developed a solid state lithium-ion battery technology, has raised a US$30 million Series A to expand its production facility and accelerate its entry into the stationary storage sector.

A newly-announced battery gigafactory in the US from startup SPARKZ will make batteries suitable for grid storage and will be built in the heart of Appalachian coal county in West Virginia. 

Fluence has entered a collaboration with solid-state lithium-metal battery startup QuantumScape, with the pair working together to develop stationary energy storage solutions using the new technology.  

LG Energy Solution will use proceeds from its initial public offering (IPO) this month to feed into growing the company’s manufacturing capacity significantly in Europe, the Americas and Asia.

24M, spun out of an MIT laboratory, claims its latest semi-solid battery ‘breakthrough’, Dual Electrolyte technology, heralds a new era to come for advanced lithium batteries. Andy Colthorpe spoke to some of the company’s leadership team to find out more.

24M, a start-up angling to disrupt the already-disruptive lithium-ion battery industry with the design and production of semi-solid lithium cells, has raised US$21.8 million in a Series D funding round.