Enevate and NantG Power partner to manufacture and launch next generation ultra-high performance battery
Enevate and NantG Power, two battery innovation companies enabling high-speed charge and energy density battery technologies for electric vehicles (EVs) and other markets, announced a strategic alliance to combine their proprietary cathode and anode innovations to commercialize and scale up a breakthrough silicon-dominant battery technology in the transportation, mobility, and other markets.
Based in El Segundo, California, NantG Power, a member of the NantWorks ecosystem of companies, develops ultra-high-performance lithium-ion battery cell technology with a focus on energy density and fast charge capability. With its new approach to designing and manufacturing batteries focusing on improved performance, cost, and sustainability using AI and Multiphysics computer models to create application-specific cells, NantG Power aims to double the current battery performance.
To achieve this goal, NantG Power is focusing on novel anode/cathode nano-materials, advanced 3D ionically and electronically conductive scaffolds enabling higher active material loadings, next-generation electrolytes, engineered interphases, improved manufacturing methods, and enhanced analytics.
To scale the next-generation battery development and electric micromobility, NantG Power and Enevate plan to manufacture these batteries at multiple GWh capacity and integrate them into products that are affiliated with NANT such as heavy lift drones, electric scooters and rapid charge storage systems.
The production license agreement with NantG Power is a significant milestone in accelerating Enevate’s technology towards commercialization. Enevate’s silicon-dominant battery technology delivers up to 10 times faster charging than conventional lithium-ion batteries. It enables high energy densities and various other benefits, including improved safety, low-temperature operation for cold climates, and carbon footprint.
Enevate’s technology is compatible with state-of-the-art battery manufacturing equipment and does not require capital-intensive new production processes. With its high-speed charge capability, Enevate’s technology allows a battery to charge in as fast as five minutes while delivering industry-leading energy density and performance.
Enevate’s investors include Renault-Nissan- Mitsubishi (Alliance Ventures), LG Chem, Samsung Venture Investment Corp, Fidelity Management & Research Company, Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures – a Sumitomo Corporation company, Lenovo, CEC Capital, and Bangchak.