NYSERDA Awards $650,000 to Primet Precision Materials to further work on energy-efficient battery materials process, lithium titanate anode
The New York State Energy Research and Development Authority (NYSERDA) has awarded $650,000 to Primet Precision Materials of Ithaca to further the company’s work on developing a more energy-efficient process to manufacture high-end battery materials. The NYSERDA funding will leverage an additional $1.5 million in matching funds and in-kind services from Primet.
The funding will also be used for the firm to develop an improved lithium titanate anode material that could improve battery safety and make more efficient rechargeable batteries for a variety of uses, including modular utility electric systems for use at wind and solar generating sites.
The NYSERDA funding has two facets:
$400,000 under NYSERDA’s Innovation in the Manufacturing of Clean Energy Technologies Program, for the company to scale up production of its NanoScission process, a novel particle-processing technology used to produce performance-enhancing battery materials. The funding, which is meant to help commercialize technology in the clean energy sector, will allow Primet to grow its process from lab-scale to a continuous NanoScission manufacturing process that can produce tons of materials. The NanoScission process is estimated to require a fourth of the energy used in conventional battery material production, at a third of the cost.
$250,000, in conjunction with the New York Battery Energy Storage Technology (NY-BEST) Consortium, for Primet to continue seeking new markets for its anode materials, a lower-priced alternative to many products on the market today. Primet’s product also has the advantage of being produced with a much more energy-efficient process. Primet is a member of NY-BEST.
Primet, a 32-employee company, has launched NanoScission, a novel low-cost particle processing technology that can be used to produce high-performance battery materials. Using the NanoScission process, the company is producing electrode materials for the battery industry that can improve performance and lower the cost of lithium-ion batteries.