September 19, 2024
Lithium-ion batteries have become the gold standard across numerous industries around the globe due to their high energy density and long-lasting battery life. However, the demand for batteries with better capacity, durability, and charging speed has been soaring in recent years. A key driver for this demand is the automobile industry; as electric vehicles gain popularity, there is a higher need for batteries with very high energy density to allow electric vehicles to go for longer without charging.
In addition to the growing demand for high-performance battery materials, there is an urgent need for more sustainable alternatives to traditional battery materials. The manufacturing of these materials currently requires mining rare metals such as lithium and cobalt, causing devastating environmental damage across the world including deforestation and drought.