We take a look at six start-ups creating energy storage technology for a variety of purposes and with the support of a large range of investors.
This week, Tesla’s highly anticipated Battery Day event took place, signalling what the future of mainstream electric vehicle (EV) batteries could look like.
While Tesla is one of the most prominent players in the energy storage sector, there’s an abundance of start-ups out there trying to build the next best technologies for a variety of different applications, from heating homes to powering EVs.
This week, we shine a light on just a small selection of the numerous start-ups developing interesting energy storage solutions.
Advano
Founded in 2014, Advano is a New Orleans-based energy storage start-up that focuses on combining nanotechnology with chemical engineering principles. Since launching six years ago, the company has attracted investment from Y Combinator, DCVC, Future Shape and the Mitsui Kinzoku-SBI Material Innovation Fund.
The firm was co-founded by Alexander Girau and Shiva Adireddy, with the goal of increasing the energy density of lithium-ion batteries by 30-40pc without sacrificing battery life or increasing the cost of batteries. The company’s batteries are designed for use in IoT devices, consumer electronics and EVs.
Advano recognises that EVs have not yet been able to overcome the burden of cost versus range limitations. The start-up believes that a step-up change in performance will be possible thanks to one of the most abundant resources on earth, silicon. With silicon, Advano aims to make batteries with thinner electrodes for higher energy density, in place of graphite.
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