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Shareholder Call Series – Part 7
Lithium-ion batteries are expected to experience tremendous market growth over the next few years, reaching $41.5B by 2027. This is a huge market driving significant demand, however, current generation lithium-ion battery technology has reached a performance plateau and the market needs new designs for improved performance and capability. Coretec` CHS is a low temperature amorphous silicon technology that is an enabling material technology for Gen 2.0 Li Ion batteries by drastically improving the anode.
With CHS, manufacturers will be able to produce Gen 2.0 batteries that are longer-lasting and more efficient and scalable – a benefit to both the EV and grid storage market. In EVs for example, CHS can help produce batteries that are half the weight and go twice as far, allowing cars that go 300 miles on a thousand-pound battery to be able to travel 600 miles on a 500-pound battery. Furthermore, your lithium ion battery in your phone, or your laptop, or your computer’s electronics, would last two or three times longer than the standard lithium-ion battery, giving it far more usefulness, a greater lifespan, and making the investment worthwhile.
Gen 2.0 CHS enabled Li Ion batteries also mean green energy can be integrated into the grid. One of the megatrends we see is demand for solar and wind power being a larger percentage of electricity generation. Battery technology can improve renewable energy efficiency by as much as 70% and Gen 2.0 Batteries enable higher percentages of wind and solar energy generated to be utilized within the grid. Additionally, Gen 2.0 batteries have a longer lifespan and minimal degradation which makes them more suitable for the intermittent nature of these renewable energy sources.
CHS is able to provide this unique value to batteries due to its silicon microstructure, which manages anode expansion and contraction during charge/discharge cycles. This low temperature silicon precursor exists as a liquid at room temperature, allowing for a unique and cost effective manufacturing process with nano silicon coated carbon nanomaterials, electrospun composites, and core shell nanostructures.
Next generation battery technologies will continue to focus on silicon-anode lithium ion innovations. CHS is a way for the industry to keep pace with these demands for capacity and longer cycle life in EV and grid-grade batteries.
To learn more about Coretec’s team, please see pages five and six of the July 2020 shareholder call transcript.
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