INDUSTRY X . 0
“ The future is going to be powered by lithium and batteries , but we ' re not prepared to supply oncoming demand with the current methods of manufacturing ”
TEAGUE EGAN FOUNDER AND CEO , ENERGYX
extraction … So , we need to introduce new technology to be able to produce lithium and other battery materials in a more efficient and cost-effective way . That ’ s our focus at EnergyX .” That focus is being backed by a recent funding round that saw the company secure a further $ 20mn of investment to develop its technology .
Energy Storage The market for zero-emission , hybrid and fully electric vehicles is estimated to be
worth $ 912bn by 2026 . IEA predicts there could be 130 million EV ’ s on the road by 2030 . However , there are significant issues to be addressed , and battery costs need to be further reduced while performing more efficiently with longer lifespans . EnergyX is working on solid-state battery electrolyte technology using its core LiTAS nanotechnology to solve some of these problems . “ Solid-state batteries are the Holy Grail of energy storage ,” notes Egan . “ During our preliminary research , we have seen that lithium ions transport through metalorganic framework ( MOF ) nanoparticles at unprecedented rates . These results translate to extraordinary levels of conductivity and possible application as a solid-state separator inside the battery .”
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