Inventions & Innovators powering the Energy Transition – Next Generation Batteries
In this, the first of a series to put a lens on the invention and innovation being made in critical technologies powering the energy transition, we take a look at next generation batteries exploring three specific alternatives to lithium-ion:
- Solid-state batteries: this is the one to watch and closest to making inroads on lithium-ion. Japan has the early mover advantage led by the likes of Toyota and Panasonic but keep an eye on pure plays like the VW-backed, NYSE listed Quantum Scape.
- Lithium-sulfur batteries: great potential and lower cost given the use of a sulfur cathode, primary challenge is extending the cycle life. Leading innovators include LG Chem, Bosch and Hyundai.
- Lithium-oxygen batteries: also known as lithium-air, has the potential to solve the range anxiety challenge. With the oxygen supplied from the air, the energy density is multiples that of a lithium-ion type battery. Companies leading research & development in the space include Samsung Electronics, Hyundai, Toyota and Honda.
Who owns these technologies?
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