US Invests in Battery Startups to Develop Better Technologies Than Global Rivals

More countries across the globe are implementing low-carbon policies and technologies that will help meet their electricity needs in the green economy as the fight against climate change continues. The United States has been lagging behind in this race for energy supremacy, which is why it is investing in next-generation battery companies such as Ion Storage Systems. This battery company, which was created in the chemistry lab at the University of Maryland, was recently furnished with a federal grant worth more than half a million dollars.

Ion Storage is one of the first companies in the United States to develop a new kind of longer-lasting, faster-charging battery in its new factory, which is located in the outskirts of Washington, DC. Private investors as well as the federal government have been injecting funds into battery startups, with the hope of catching up to South Korean, Japanese and Chinese companies, which currently dominate the battery manufacturing industry.

America’s objective is to surpass its rivals through the introduction of better technology. This comes as the need increases for battery manufacturers in the country to get their products to market as huge clients, including auto manufacturers, enter into long-term contracts with suppliers. The lack of options for long-term suppliers in the United States will prompt big customers to go abroad, which may negatively impact the domestic industry in the U.S.

Ion Storage is one of the few startups that is focused on producing solid-state li-ion batteries. Unlike most of the lithium-ion batteries produced currently, these batteries require less lithium. They are also different from standard batteries because the electrolytes that conduct a charge between the anode and cathode is solid, instead of being a flammable liquid. This solid allows for longer battery life, less risk of fire and faster charging.

The company’s batteries also don’t catch fire, which eliminates the issue of combustibility that has plagued industry batteries for some time now. Researchers at Ion Storage demonstrate the durability of its batteries by putting the batteries before open flames or cutting the batteries open using scissors.

Eric Wachsman’s data on alternative energy is the technology behind the company’s batteries. Wachsman is the current director of the University of Maryland’s Energy Innovation Institute.

However, the company still faces stiff competition both abroad as well as around the country. Other companies in the U.S. include Factorial Energy, Solid Power Inc. and QuantumScape Corp, which launched its IPO in 2020. Further competition is likely to come from entities such as StorEn Technologies Inc., which is focused on commercializing and popularizing vanadium redox flow batteries as an alternative to Li-ion batteries.

NOTE TO INVESTORS: The latest news and updates relating to StorEn Technologies Inc. are available in the company’s newsroom at https://ibn.fm/StorEn

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