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Electra Battery Materials Corp. V.ELBM

Alternate Symbol(s):  ELBM

Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park, which will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, to become a reliable supplier to both North American and global EV and battery supply chains.


TSXV:ELBM - Post by User

Post by Waterfall89on May 03, 2019 7:37am
126 Views
Post# 29705151

1000km battery 3-5 years away

1000km battery 3-5 years away
APR 4TH, 2019

Innolith AG, the world leader in rechargeable Inorganic Battery Technology, today announces that it is developing world’s first 1000 Wh/kg rechargeable battery. Under development in the company’s German laboratory, the new Innolith Energy Battery would be capable of powering an Electric Vehicle (EV) for over 1000km on a single charge. The Innolith Energy Battery would also radically reduce costs due to the avoidance of exotic and expensive materials combined with the very high energy density of the system.

In addition to its range and cost advantages, the Innolith Energy Battery will be the first non-flammable lithium-based battery for use in EVs.  The Innolith battery uses a non-flammable inorganic electrolyte, unlike conventional EV batteries that use a flammable organic electrolyte. The switch to non-flammable batteries removes the primary cause of battery fires that have beset the manufacturers of EVs.  

“The EV revolution is currently stymied by the limitations of available batteries,” explains Sergey Buchin, CEO of Innolith AG.  “Consumers want an adequate range on a single charge in an affordable EV, and confidence that it is not going to catch fire.  The Innolith Energy Battery is the breakthrough technology that potentially can meet all these needs.”

Innolith will be bringing the Energy Battery to market via an initial pilot production in Germany, followed by licensing partnerships with major battery and automotive companies. Development and commercialisation of the Innolith Energy Battery is anticipated to take between three and five years

Does anyone know if these new batteries will need cobalt?
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