Enevate has unveiled a new production licence agreement with EnerTech International to commercialise Enevate’s silicon-dominant, XFC-Energy battery technology in the transportation, mobility and reserve power markets.
South Korea-based EnerTech International delivers lithium-ion cells using manufacturing facilities for large format batteries.
The production licence agreement with EnerTech is the next milestone in Enevate’s technology roadmap that leads to commercialisation scheduled for 2022. Pre-production batteries have been built and tested using EnerTech’s existing lithium-ion battery manufacturing equipment. With the agreement, Enevate will deliver enabling technology to accelerate EnerTech’s expansion and triple its manufacturing capacity output.
Enevate maintains its next-gen lithium-ion battery technology delivers up to ten times faster charging than conventional lithium-ion batteries with high energy densities along with other benefits, including improved safety and low-temperature operation for cold climates. With its Extreme Fast Charge capability, Enevate technology allows a battery to charge in five minutes.
“Combining EnerTech’s manufacturing base with Enevate’s technology will enable our growth plans across multiple segments as we match development pace with our customers’ ever-increasing battery specification requirements, now and into the future,” said EnerTech International CEO, Duke Oh.
Enevate’s battery technology is compatible with lithium-ion cathode chemistries plus solid-state electrolytes and is manufacturable using existing production lines and capital equipment.