New water-based battery is safer than lithium for half the price

A Boston-area startup called Alsym Energy has introduced a rechargeable battery that could potentially match the performance of lithium-ion batteries at a fraction of the price.

According to a first report by fast business.

This means that it avoids some of the major drawbacks of current batteries, such as the fire potential of lithium-ion batteries and the negative impact of mining on the environment. And thanks to the use of non-toxic materials, the new battery design is easier to recycle, which is always a bonus.

Meet expectations at a lower cost

Electric vehicles are becoming increasingly important as nations around the world step up efforts to decarbonize the grid. Indeed, they can help decarbonize both transport and electricity supply by reducing tailpipe emissions and providing flexibility. Naturally, many automakers are tapping into the market by producing luxury electric vehicles; however, the high price tag remains an issue to this day. The costs are partly due to the lithium-ion batteries used in electric vehicles, which are too expensive to make electric vehicles capable of competing on price with cars running on fossil fuels.

This is where Alsym Energy comes in, which recently emerged from stealth and secured $32 million from investors. Its first partner being an automaker in India, the startup wants to enable manufacturers to produce cheaper electric vehicles, according to a press report. Release.

“Our motivation was to make it affordable, so it could be widely deployed as opposed to niche,” said Mukesh Chatter, CEO and co-founder of the startup. fast business.

Alsym Energy’s batteries are cheap enough to be used in developing countries to store off-grid solar energy. This is especially crucial for people who currently do not have access to energy.

What makes the new battery so special?

The water-based battery uses other affordable and readily available components like manganese and metal oxide. Importantly, it does not contain cobalt, an expensive critical component of lithium batteries that also contributes to health and environmental issues in the supply chain. It also does not use lithium, which presents additional mining difficulties. This is extremely important as the price of lithium has recently increased and is expected to drive up the price of other batteries.

According to the team behind Alsym Energy, the new design has “lithium-like performance”. But unlike the latter, Alsym Energy batteries are not flammable. This saves money because it does not require special protection to prevent fires and gives the batteries additional applications, such as use in ships, where industry is particularly concerned about the risk of fire.

If all goes as planned, Alsym Energy will begin beta testing with its first customers in early 2023, with high-volume production starting as early as 2025. The new battery design is sure to make waves around the world; however, the company’s priority is to make it affordable in low-income areas first.

Irene B. Bowles