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Tag Archives: Factorial Energy
Solid State Batteries: Factorial Energy Parade Adds Stellantis
The agreement also includes a strategic investment from Stellantis. Mercedes-Benz also has invested in Factorial in what were in effect concurrent announcements. Stellantis announced in July 2021 its target of having the first competitive solid state battery technology introduced by 2026. Solid-state batteries exist as automotive vaporware currently so all the usual caveats about Forward Looking Statements apply. Continue reading
Solid State Batteries Lure Mercedes-Benz to Factorial Energy
Solid-state batteries exist as vaporware currently. They are enticing because of the difference in the use of an electrolyte that is made of solid material instead of the commonly used liquid electrolyte. The electrolyte, of course, is needed to transport ions back and forth between the electrodes when charging and discharging the battery. Solid electrolytes promise optimization of battery safety, as well as the use of new types of anodes, such as lithium-metal anodes. These can provide an almost doubled energy density compared to today’s Li-ion battery cells. As a result, they promise an increase in range, while at the same time ensuring shorter charging times. Continue reading
Stellantis – Notable Progress in Solid State Batteries
Stellantis N.V. (NYSE: STLA) and Factorial Energy today announced the successful validation of Factorial’s automotive-sized FEST® (Factorial Electrolyte System Technology) solid-state battery cells. This feat claims to be a significant step forward on the path to bringing next-generation electric vehicle (EV) batteries to market.
“Reaching this level of performance reflects the strengths of our collaboration with Factorial,” said Ned Curic, Stellantis Chief Engineering and Technology Officer. “This breakthrough puts us at the forefront of the solid-state revolution, but we are not stopping there. We continue working together to push the boundaries and deliver even more advanced solutions, bringing us closer to lighter, more efficient batteries that reduce costs for our customers.” Continue reading →