2023 Outlook Improving With the Recent Approval As batteries continue to rise in price due to the supply challenges associated with the rapidly increasing demand, we need new technology to help mitigate both the rising prices and harmful resource extraction processes. That’s where graphene batteries come in. Rather than Lithium Ion, they utilize graphene aluminum technology to not only deliver a better battery but also is far less harmful to the environment from the raw material extraction to the battery disposal stage.
https://graphenemg.com/energy-storage-solutions/aluminum-ion-battery/
$GMG.V is a company developing graphene batteries and a number of graphene-enhanced products that have just got regulatory approval to begin commercial production and sales. One thing that is especially interesting is how they’re able to create their own high-grade graphene.
- They’re approved to produce 10 tonnes per year of graphene.
- They do this by cleanly converting natural gas into graphene which is then used in their products.
- This eliminates a huge amount of supply chain/price issues while also improving their vertical integration and cost structure for when they pursue full-scale manufacturing.
- Their batteries have already been calculated to be able to fully charge a phone in just 3 minutes (70x faster) while having a competitive energy density to current battery technology.
Now with their regulatory approval, we should be able to see revenues start to come in at an accelerating pace. The stock seems to have found a new support level at $2.7 after having a huge push over the past few days, definitely a lot to look out for here as they continue to transition out of the developmental stage.