The oil-killing solid-state EV battery of the future will put the squeeze on oil for transportation, but the petrochemicals problem persists.
This has not been a good week for fossil energy stakeholders. On Monday, OPEC warned of a forthcoming investment gap in oil production. As if on cue, the US startup Factorial Energy has just clapped back with news that its oil-killing solid-state EV battery has passed yet another milestone on the way to commercial production.
IEA reported that, “the use of oil for transport fuels is set to go into decline after 2026 as the expansion of electric vehicles, the growth of biofuels and improving fuel economy reduce consumption.” “In batteries, charged particles flow through materials known as electrolytes. Most are liquids, like in the lithium-ion batteries found in electric cars — butalso are being developed. These conductors are typically made from glass or ceramic and could offer advantages such as enhanced safety and strength,” the US Department of Energy explains.
“A crucial step towards serial production, the 100+Ah lithium-metal battery cells are automotive-sized to meet key performance requirements. This makes this the first global shipment of 100+Ah lithium-metal cells to pass UN 38.3 safety tests,” Factorial notes.
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