Technology Overview
Lithium-ion batteries is a US$40.5B dollar industry that has seen massive growth in recent years due to increasing demand for energy storage devices. However, one of the main issues with lithium-ion batteries is safety, with emphasis on chemical fires that is the result of short circuits caused by lithium dendrites built-up and growth. To date, this is still an existing problem with no viable solution offered yet.This technology offer is a proprietary anti-short circuit layer that can prevent chemical fires by stopping further lithium dendritic growth once these dendrites encounter the anti-short circuit layer. It has shown to be able to eliminate the risk of short-circuits completely for the entire life cycle of the battery. The application of the layer had no impact on the performance of the battery and is viable for almost all different compositions of lithium-ion batteries. Furthermore, addition of this layer only adds less than 5% (can be further reduced) to the total production cost with no changes to the manufacturing line.
Potential Applications
The uses of this technology are for industries that have heavy reliance on lithium-ion batteries.Potential applications include (but are not limited to): Mobile devices (handphones, tablets, portable chargers) Electric vehicles (EVs, PMDs) Drones Battery charging stationsThe technology owner is keen to out-license this technology to lithium-ion battery developers and manufacturers, or developers and manufacturers of lithium-ion battery separators.
Market Trends and Opportunities
The lithium-ion battery market is expected to grow at a CAGR of 12.3% to be worth US$116.6B by 2030. This technology could potentially eliminate a long-standing safety issue that has been plaguing this market since conception.
Customer Benefits
Cost effective (less than 5% cost addition) Easy adaptation to lithium-ion battery manufacturing line No additional materials required (sourced directly from the production line)
