![]() "If you want to electrify vehicles, a solid-state battery is the way to go," said Li. ![]() The startup aims to scale the battery up to a palm-sized pouch cell, and then upward toward a full-scale vehicle battery in the next three to five years. The license and the venture funding will enable the startup to scale Harvard's laboratory prototype toward commercial deployment of a solid-state lithium-metal battery that may provide reliable and fast charging for future EVs to help bring them into the mass market. Harvard's Office of Technology Development has now granted an exclusive technology license to Adden Energy.Īdden Energy has closed a seed round with $5.15 million in funding led by Primavera Capital Group, with participation by Rhapsody Venture Partners and MassVentures. The battery also offers high energy density and a level of material stability that overcomes the safety challenges posed by some other lithium batteries, according to results published in Nature and other journals. Paulson School of Engineering and Applied Sciences (SEAS). That could be a game changer," said Xin Li, associate professor of materials science at Harvard John A. "We have achieved in the lab 5,000 to 10,000 charge cycles in a battery's lifetime, compared with 2,000 to 3,000 charging cycles for even the best in class now, and we don't see any fundamental limit to scaling up our battery technology. ![]() The startup has now been granted technology license from Harvard University to scale innovative lithium-metal battery technology for commercial deployment. This reaffirms Musk's prediction for 2017.New York, Sep 3 (IANS): US-based startup Adden Energy has achieved solid-state battery charge rates as fast as three minutes with over 10,000 cycles in a lifetime in lab settings. "Adden Energy's mission is to develop cutting-edge battery technologies, thereby enabling mass adoption of electric vehicles and contributing to a greener and more sustainable global economy," said Fred Hu, who is also part of the Global Board of the Nature Conservancy.Īccording to Business Wire, Adden co-founder Li stated that if we are to progress toward a clean energy future, "electric vehicles cannot remain a luxury fashion." Li also emphasized that literally the 'one percent' of vehicles on the road, and the United States will not have a used-car market if EV batteries last only 3 to 5 years. The team intends to start with a working battery the size of a human palm before progressing to a full-sized battery that can be installed in EVs. Adden Energy Secures $5.15 Million FundingĪs per Electrive, the Harvard startup has now received a technology license and closed a seed funding round worth $5.15 million USD. The advancement of batteries, such as the solid-state battery, will reduce the environmental impact of maintaining EVs. Metals found in lithium-ion batteries, such as cobalt, nickel, and manganese, are hazardous and can contaminate waterways and ecosystems if they leach out of landfills. ![]() The battery is also said to be significantly more stable and durable, allowing for a much longer lifespan. To put this into perspective, most modern batteries, like lithium-ion batteries, only have a lifespan of more than 2000 cycles.Īccording to a Mashable report, the battery is designed and built from high-density solid-state materials, which eliminates the dangers and potential risks usually associated with lithium-ion batteries. Read Also: Tesla EVs: Elon Musk Says Driver Can Charge Batteries to 100% Without Strain or Damages-Why?Īccording to Adden Energy, the solid-state battery prototype, which is barely the size of a small coin, can be fully charged in three minutes and it boasts the durability of 10,000 cycles. The Harvard team hailing their startup Adden Energy is composed of Xin Li, William Fithugh, Luhan Ye, and Fred Hu. Harvard Researchers Develop a Solid-State BatteryĪ team of Harvard researchers takes on the challenge of creating more durable batteries with their introduction of a new type of battery called the solid-state battery. Additionally, these new batteries will be more eco-friendly. Electric vehicles will soon use new battery technologies that offer greater range, quicker charging, lower sticker prices, and less range degradation. With the transport industry shifting to EVs, more research is geared toward addressing the rising demand for high-powered and durable batteries. He predicts that not only will half of the cars made in the US in ten years be electric, but that nearly all of them will be autonomous as well. According to a Futurism report, Elon Musk made a daring prediction about the future of passenger transport in a 2017 speech to the National Governors Association. Tesla magnate Elon Musk believes that electric vehicles (EVs) are the future of transportation. ![]()
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