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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

24M Delivers First Commercial Scale, High Energy Density SemiSolid Lithium-ion Batteries

February 26, 2019

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb 26, 2019--24M announced today it has developed and delivered commercially viable, high energy density lithium-ion cells. Using its novel SemiSolid lithium-ion battery design in its pilot facility, 24M achieved energy densities exceeding 250 watt-hours per kilogram (Wh/kg), the current state-of-the-art industry benchmark for EV applications. These deliveries represent a significant milestone in the 24M mission to scale its unique, capital-efficient, low-cost approach to advanced lithium-ion battery manufacturing.

The development of the high energy density nickel manganese cobalt (NMC) cells is part of a $7M three-year contract awarded to 24M in 2016 by the United States Advanced Battery Consortium LLC in cooperation with the U.S. Department of Energy. The program is chartered with developing electrochemical energy storage technologies that support the commercialization of hybrid, plug-in hybrid, electric and fuel cell vehicles. To achieve the final USABC 2020 density target of 350 Wh/kg by the end of 2019, 24M has developed a multi-faceted, lab-proven approach that includes a novel use of silicon for high energy density anodes.

24M also delivered similar NMC cells with energy densities above 280 Wh/kg to an industrial partner. With these cells, the higher energy densities were achieved by optimizing 24M’s SemiSolid electrode technology, which eliminates the use of a pore-clogging binder, enabling higher active material densities than can be achieved with conventional electrodes. The demonstration of this technology is a major milestone on the 24M roadmap to achieving even higher energy densities (>400 Wh/kg) using its capital-efficient manufacturing process.

“It’s very gratifying to see science translated from the lab into innovative new products as 24M has done by developing and delivering these high energy density cells,” said Naoki Ota, CTO of 24M. “Moreover, we were able to leverage our novel electrode, cell and manufacturing approach to exceed 280 Wh/kg, a significant step towards delivering low-cost lithium-ion cells with industry-leading performance to the EV market.”

About 24M
24M answers the world’s need for affordable energy storage by enabling a new, more cost-effective solution–SemiSolid lithium-ion technology. By re-inventing the design of the battery cell as well as the manufacturing method, 24M solves the critical, decades- old challenge associated with the world’s preferred energy storage chemistry: reducing its high cost while improving its performance. Founded and led by some of the battery industry’s foremost inventors, scientists and entrepreneurs, 24M is headquartered in Cambridge, Mass. For more information, please visit www.24-m.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190226005154/en/

CONTACT: Stephanie Malkus for 24M

smalkus@tieronepr.com

314-920-6125

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING AUTOMOTIVE MANUFACTURING

SOURCE: 24M

Copyright Business Wire 2019.

PUB: 02/26/2019 08:30 AM/DISC: 02/26/2019 08:30 AM

http://www.businesswire.com/news/home/20190226005154/en