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Search resuls for: "Sila Nanotechnologies"


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July 24 (Reuters) - UK battery startup Nexeon will supply high-energy silicon anode material to Panasonic’s (6752.T) newest U.S. plant starting in 2025, the companies said on Monday. The use of silicon-rich anodes will enable Panasonic battery cells to store more energy and charge more quickly, the companies said. The greater energy density also gives Panasonic the option of making smaller, lighter packs with similar range to current battery cells. Abingdon-based Nexeon will supply the material to Panasonic Energy Co’s $4 billion De Soto, Kansas plant, which is slated to open in early 2025. Founded in 2006, Nexeon has raised more than $260 million and was most recently valued at $350 million, according to investor website PitchBook.com.
Persons: Sila Nanotechnologies, Nexeon, Group14, Sila, Mercedes, Paul Lienert, Jonathan Oatis Organizations: Panasonic, Panasonic Energy, De, Korea’s SK Group, Porsche, SK, BASF, Mercedes, Benz, Siemens, Samsung, Thomson Locations: U.S, Abingdon, De Soto , Kansas, Woodinville , Washington, Alameda , California, Detroit
Batteries made with silicon instead of graphite — the commonly used material in battery anodes today — have been shown to enable significantly higher energy density and faster charging. Amprius is already working with Airbus , the U.S. Army, AeroVironment and BAE Systems on early iterations of its silicon-anode batteries. Sila Nanotechnologies, which was started by a group of ex-Tesla battery engineers, is also working on silicon-anode technology. Porsche also plans to use silicon-anode technology in its vehicles, and has invested in Washington state-based Group14 Technologies. Watch the video to learn more about silicon-anode batteries and why the auto industry is betting on them.
Two startup companies, Group14 Technologies and Sila Nanotechnologies, are focused on new applications for silicon, an abundant element that is being developed as a supplement or replacement for graphite in battery anodes. Seven-year-old Group14 said on Tuesday that it has begun constructing a commercial-grade facility in Moses Lake for its SCC55 silicon-carbon powder. Group14’s joint-venture plant in Korea with battery maker SK is scheduled to open this year, according to Rick Luebbe, CEO and co-founder. Sila has raised more than $900 million, with Mercedes, ATL and Siemens (SIEGn.DE) among its corporate investors. Strong demand for silicon-rich anodes means “we’re under pressure to go faster and bigger,” Luebbe said.
Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Baird also trimmed its price target on shares to $252 from $316 a share. AMC Entertainment – AMC Entertainment shares dipped about 3% a day after CEO Adam Aron tweeted that he asked the company's board to freeze his 2023 pay and urged other executives to forgo salary bumps. Maxeon — Shares slid 8% after the solar company announced Bill Mulligan would be the new CEO. The firm gave the stock a price target of $29, which presents an upside of 75.4% over where it closed Tuesday.
The EV battery space will need to fill 10 million jobs globally by 2030. Firms like Redwood Materials, QuantumScape, and more, are searching for hundreds of workers. Battery companies are desperate for talent to meet the demand they're seeing from electric vehicle automakers — and some are paying big bucks to attract workers. Battery companies are racing to get critical materials like lithium and nickel. This need means that firms innovating all aspects of the battery value chain — including battery chemistry, materials, battery health, repurposing and more — are competing with one another to fill what the World Economic Forum expects will be 10 million jobs globally by 2030.
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OneD is a battery startup racing to improve EVs' battery range, cost, and charging speed. Check out the 28-page pitch deck it used to raise a $25 million Series C round. Founded in 2013, OneD Battery Sciences is laser-focused on that. OneD also plans to license this tech to automakers and their battery manufacturers and has a small-scale pilot line going. Pluvinage shared the pitch deck OneD used to pitch its vision.
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