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Greentown Labs Member Milestones — April 2024 

Greentown Labs

Funding American Battery Technology Company —a startup with technologies for lithium-ion battery recycling, battery-metal extraction, and primary mineral resource development—was awarded $60M in tax credits to accelerate the construction of its next-generation battery recycling facility.

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New crystal battery boasts triple energy density

Smart Energy International

Global lithium-sulphur cathode technology manufacturer Theion has launched its crystal battery for all mobile applications. The new battery boasts triple energy density and 90% less production energy requirements. Crystal battery benefits. Its wide abundance around the world is crucial to the material cost.

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24M says its new separator tech eliminates dendrites in Li-ion batteries

Charged

Battery manufacturing technology provider 24M has unveiled a new battery separator tech called 24M Impervio, which the company says can make EV batteries substantially safer by inhibiting the growth of dendrites (rootlike metal growths that can build up on the anode surface, potentially causing a short-circuit that can lead to a fire).

Batteries 119
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Hyundai and LG to build battery plant in Indonesia

Charged

Hyundai Motor Group and LG Energy Solution have announced a Memorandum of Understanding with the Government of Indonesia to manufacture battery cells for EVs. billion to build a jointly-owned battery cell plant in Karawang, Indonesia. The new factory will be built on a 330,000-square-meter parcel of land.

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WoodMac: Global Energy Storage Installations to Hit 15GW by 2024

GreenTechMedia

The global energy storage market quadrupled last year to 4 gigawatts of new installations and will surge to a 15-gigawatt annual market in 2024, even as system price declines slow down, according to Wood Mackenzie. where developers are increasingly pairing large-scale solar arrays with batteries.

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6K secures $102 million in Series D funding to accelerate battery material production and recycling

Charged

6K, a producer of engineered materials for lithium-ion batteries, has raised $102 million in the first of two Series D funding tranches. The round was led by Koch Strategic Platforms, an investment arm of fossil fuel giant Koch Industries, with participation by investors Energy Impact Partners, Albemarle, HG Ventures and others.

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Technology Trending: Energy harvesting, Fike Blue, quantum-space collaboration

Smart Energy International

Energy harvesting brings carbon benefits, Fike Blue to quench battery thermal runaways and a quantum-space collaboration are on the week’s technology radar. Currently, EnOcean’s wireless building-automation devices manage 221 million m2 of floorspace or the equivalent of around 74,000 football fields, the company boasts.