Issued on behalf of Battery X Metals Inc.
VANCOUVER – USA News GroupNews Commentary – According to the Carnegie Endowment for International Peace, the USA needs to embrace innovation and catch up to the Chinese companies currently dominate the production of tech essential for a clean energy transition. A total of 25 battery tech startups have received a portion of the US Department of Energy’s (DOE) more than $3 billion in funding earmarked to back battery materials extraction and processing, battery production, and recycling in a bid to boost the domestic production of advanced batteries and battery materials. Even the European Commission has acknowledged a €19 billion ($21.17 billion) deficit in the lithium-ion battery sector within its State of the Energy Union 2024 report. Beyond just green energy, energy storage and battery technology advancement is becoming even more important in the road ahead, with several promising developments from companies including: Battery X Metals, Inc. (CSE: BATX) (OTCQB: BATXF), EnerSys (NYSE: ENS), Solid Power, Inc. (NASDAQ: SLDP), QuantumScape Corporation (NYSE: QS), and KULR Technology Group, Inc. (NYSE-American: KULR).
The article continued: According to analysts at SNS Insider,the Battery Energy Storage System Market is set to cross US$54 billion growing at a 26.61% CAGR by 2032, driven by more renewable energy adoption. Meanwhile in South Korea, carmakers and battery manufacturers recently made a commitment to cooperate with new government measures aimed at preventing spontaneous fires in EVs through an EV battery certification system.
Battery X Metals’ Portfolio Company LIBRT Engages Leading Patent Law Firm to File Patents for Innovative EV Battery Diagnostic and Rebalancing Software and Hardware
Battery X Metals, Inc. (CSE: BATX) (OTCQB: BATXF), a clean energy technology and exploration company, focused on developing proprietary technologies to extend the lifespan of electric vehicle (EV) batteries, recover battery-grade materials from end-of-life lithium-ion batteries, and exploring battery and critical metal resources, announced today that its portfolio company Lithium-ion Battery Renewable Technologies (LIBRT) has engaged a leading Canadian patent law firm to assist with filing patents for its innovative EV battery state of health (SOH) diagnostic and rebalancing software and hardware.
Future Patent Filings for Lithium-ion and EV Battery Health Diagnostics and Rebalancing Innovations
With the support of the Leading Patent Law Firm, LIBRT plans to file patents for three key innovations, which encompass both software and hardware components designed to enhance LIBRT’s lithium-ion and EV battery diagnostic and rebalancing machine capabilities. These innovations are the Software, Hardware, and Process Concept, covering their proprietary advanced algorithms to assess the state of health (SOH) and to optimize the lifespan of EV batteries; proprietary equipment for rebalancing processes that ensure optimal battery cell performance; and a comprehensive system that integrates both the software and hardware to provide a complete solution for battery diagnostics and rebalancing.
Further to BATX’snews release dated September 27, 2024, LIBRT’s next phase of product development is Prototype 2.0 with Beijing Pengneng Science & Technology Ltd. (BJPN), which will integrate the future patent-pending software and hardware advancements described herein. Prototype 2.0 represents the culmination of several years of research and development and builds on the company’s successfully developed initial prototype. It is designed to revolutionize the management of lithium-ion and EV batteries by providing advanced SOH diagnostic accuracy and rebalancing capabilities to assess capacity and extend the lifespan of electric vehicle (EV) batteries.
The BJPN announcement also came just days after Battery X Metals announced an amended agreement with a Global Top 20 Ranked University to accelerate its eco-friendly battery-grade material recovery technology. The agreement focuses on optimizing Battery X Metals' proprietary froth flotation process, a sustainable and energy-efficient method for recovering critical battery-grade materials such as graphite, lithium, nickel, and cobalt from black mass. This technology aims to enhance battery-grade material recovery while reducing environmental impact and energy consumption.
CONTINUED… Read this and more news for Battery X Metals athttps://usanewsgroup.com/2024/09/26/profitable-solutions-in-ev-battery-recycling-and-lifespan-extension-technology/
Other recent industry developments and happenings in the market include:
EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, recently announced it had been selected to enter into award negotiations for $199 million from the DOE’s Office of Manufacturing and Energy Supply Chains, to support the development of EnerSys’s lithium-ion cell production facility in Greenville, SC.
This DOE funding is part of a larger federal $62 billion Bipartisan Infrastructure Law (BIL) Battery Materials Processing and Battery Manufacturing Grants program, focused on ensuring the US has a viable battery materials processing industry with the objective of expanding domestic battery manufacturing capabilities and enhancing processing capacity.
"We are pleased to be selected for DOE funding to support this important domestic manufacturing investment," said David M. Shaffer, President and CEO of EnerSys. "We are excited to advance this project to production as quickly as possible."
Solid Power, Inc. (NASDAQ: SLDP), a leading developer of solid-state battery technology, also recently announced being selected by the DOE for the same grant program, this time for up to a $50 million award negotiation for continuous production of sulfide-based solid electrolyte materials for advanced all-solid-state batteries. With this project, Solid Power intends to install the first globally known continuous manufacturing process of sulfide-based solid electrolyte materials for advanced all-solid-state batteries (ASSBs) and expand its electrolyte production capabilities at its Thornton, CO facility.
“We view our selection for funding by the U.S. Department of Energy as validation of the promise sulfide-based all-solid-state batteries hold,” said John Van Scoter, President and CEO of Solid Power. “By adopting a continuous manufacturing process for our electrolyte, we expect to be able to meet anticipated near-term demand and set Solid Power up to become the leading global producer of sulfide-based solid electrolyte.”
QuantumScape Corporation (NYSE: QS), a revolutionary energy storage developer with its own next-generation solid-state lithium-metal battery technology, announced in the summer a groundbreaking agreement with Volkswagen Group’s battery company PowerCo to industrialize QuantumScape’s next-generation solid-state lithium-metal battery technology. Upon satisfactory technical progress and certain royalty payments, QuantumScape will grant PowerCo the license to mass produce battery cells based on QuantumScape’s technology platform.
"This agreement is a major step in our long-term global scale-up strategy to bring QuantumScape’s solid-state lithium-metal battery technology to market," said Dr. Siva Sivaram, CEO and President of QuantumScape. "Combining our cutting-edge technology with PowerCo’s expertise in manufacturing and industrialization, this deal establishes a blueprint for a capital-light business approach and positions us at the forefront of energy storage innovation. Working closely with PowerCo as our first customer will help us accelerate commercialization and adoption of these game-changing batteries together."
KULR Technology Group, Inc. (NYSE-American: KULR), a global leader in sustainable energy management, recently announced it’s on track to successfully complete its initial engagement with the United States Army by Q3 2024. Building on the momentum of this ongoing partnership, the Army will expand its battery contract with KULR to $2.4M.
“This expanded contract is a crucial step in our collaboration with the U.S. Army,” said Michael Mo, CEO of KULR Technology Group. “By pushing the boundaries of energy density while maintaining the highest safety and reliability standards, we are laying the foundation for future adoption across the Army's technological infrastructure. Our focus remains on delivering innovative solutions that meet the operational demands of our armed forces in the harshest environments.”
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