And it has 'lithium-like performance'.
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.
In addition to using inexpensive, easily accessible materials like manganese and metal oxide, the novel battery is based on water, according toThis means it avoids some of the main drawbacks of current batteries, such as the potential for lithium-ion battery fires and the negative impact of mining on the environment. And thanks to the use of non-toxic materials, the novel battery design is simpler to recycle, which is always a bonus.
This is where Alsym Energy, which recently emerged from stealth and secured $32 million from investors, comes in.
. This is incredibly important as lithium has seen a price increase recently and is anticipated 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's batteries are not flammable.
If all goes to plan, Alsym Energy will start beta testing with its first customers in early 2023, with high-volume production beginning as early as 2025. TheAdvertisementStay ahead with the latest science, technology and innovation news, for free:
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