Enevate Corporation, developer of a silicon-dominant composite anode material and high energy density batteries (earlier post), announced that LG Chem has participated in Enevate’s recent funding.
Introduced in November 2017, Enevate’s HD-Energy Technology for EVs enables Lithium-ion (Li-ion) cells with up to 50% higher capacity than conventional graphite cells. The cells can be charged to 75% capacity in five minutes. They can also safely charge and discharge down to -40°C and capture more energy during regenerative braking, extending their range in cold climates.
Enevate’s HD-Energy Technology is a self-standing, silicon-dominant composite anode with more than 70% silicon. The conductive, silicon-dominant composite film anode is essentially 100% active material that can store lithium and has a high electrical conductivity.
This anode technology enables Enevate and its licensees to deliver ultrafast charging, high energy density, excellent low temperature performance, and safety benefits.
The composite uses carbon as a conductive matrix, silicon as the main active material, and silicon-carbide as a silicon-surface protecting nanometer-scale layer. The anodes are bonded with a proprietary process to the current collector.
The strategic investment from LG Chem indicates the significance of our technology because it could directly address consumer concerns with EVs, such as charge time and range anxiety, cost, and safety. We look forward to our strategic partnerships with companies such as LG Chem to commercialize advanced batteries that will accelerate the adoption of EVs worldwide.
—,Robert A. Rango, Enevate’s President and CEO
Enevate offers a complete HD-Energy Technology and licensing package to enable global EV automotive and EV battery manufacturers to achieve production volume quickly and to drive adoption of next-generation features that take EVs to the next level.
Enevate investors include Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures – a Sumitomo Corporation company, CEC Capital, Samsung, Lenovo, and LG Chem.