Enovix and Group14 Announce Collaboration to Develop Best-in-Class Silicon Batteries
January 08 2024 - 7:30AM
Enovix Corporation (“Enovix”) (Nasdaq: ENVX), an advanced silicon
battery company, and Group14 Technologies, a leading manufacturer
and supplier of active silicon battery material, today announced
their collaboration to develop a silicon battery using Group14’s
silicon-carbon composite SCC55® for 100% of the anode material
within Enovix’s battery architecture. Enovix and Group14 will
additionally explore new ways to advance the performance and
efficiency of lithium-ion silicon batteries, in line with their
commitments to innovation, renewable energy and customer
satisfaction.
“The lithium-ion battery has not significantly improved in
nearly three decades and we’re excited about the possibilities of
collaborating with Group14 on the development of a battery that
marries breakthrough technology from both companies to usher in a
much-needed leap forward in the industry,” said Dr. Raj Talluri,
President and CEO of Enovix. “We’ve tested Group14’s material and
are impressed with the results so far. It has performed well within
our architecture.”
“We’ve entered the era of silicon batteries, answering an
unprecedented call across all industries for higher performing,
fast-charging capabilities,” said Rick Luebbe, CEO of Group14
Technologies. “We look forward to a productive collaboration with
Enovix, as Group14 continues to provide drop-in solutions to the
world's leading silicon battery manufacturers.”
Enovix is currently focused on manufacturing and commercializing
its batteries for a variety of consumer electronics, including
smartphones and IoT devices. The demand for more energy density,
capacity, and fast charge continues to accelerate as devices become
more personal and power intensive.
“We’re at a tipping point where smartphone batteries cannot get
any larger so breakthroughs in materials science and mechanical
design are crucial since traditional graphite batteries have not
kept pace with the technological advances in consumer electronics,”
added Talluri. “Our cell architecture is material agnostic, and by
adopting the most advanced materials we can extend our performance
leadership and reduce costs. We believe our collaborative efforts
will provide a step-change increase in energy density, forging a
new path in battery innovation.”
Enovix’s 100% active silicon batteries provide an increase in
capacity of up to 50% compared to devices on the market today, with
improvements on its technology roadmap intended to widen the gap.
For more information about Enovix and its silicon-anode,
lithium-ion battery technology, please visit www.enovix.com.
About EnovixEnovix is on a mission to power the
technologies of the future. Everything from IoT, mobile and
computing devices, to the vehicle you drive, needs a better
battery. The company’s disruptive architecture enables a battery
with high energy density and capacity without compromising safety.
Enovix is scaling its silicon-anode, lithium-ion battery
manufacturing capabilities to meet customer demand. For more
information visit www.enovix.com and follow us on
LinkedIn.
About Group14Founded to enable the
electrification of everything, Group14 is the world’s leading
commercial manufacturer and supplier of silicon battery technology.
Today, Group14 is working with more than 80 customers globally,
which represent 95% of worldwide battery production. Group14
operates a commercial-scale Battery Active Materials factory,
BAM-1, in Woodinville, WA, and recently launched a joint venture
factory with SK in South Korea. A second U.S. factory, BAM-2, in
Moses Lake, WA, is expected to be completed in 2024. To date,
Group14 has raised over $650 million in financing from investors
and customers such as Porsche AG, Microsoft Climate Innovation
Fund, OMERS, Lightrock Climate Impact Fund, Decarbonization
Partners, Amperex Technology Limited (ATL), BASF, Resonac and SK
Inc. Visit us at www.group14.technology.
For investor inquiries, please contact:
Enovix CorporationCharles AndersonPhone: +1 (612) 229-9729Email:
canderson@enovix.com
For media inquiries, please contact:
Enovix CorporationKristin AtkinsPhone: +1 (650) 815-6934Email:
katkins@enovix.com
Mission Control for Group14 Technologies:
Email: group14@missionc2.com
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