Romeo Power Signs Memorandum of Understanding With Ecellix to Improve Cell Technology
February 19 2021 - 7:00AM
Business Wire
Romeo Power, Inc. (“Romeo Power”) (NYSE: RMO), an energy
technology leader delivering large-scale electrification solutions
for complex commercial applications, and Ecellix Inc., developer of
eCell™ micro-porous silicon anode battery materials intended to
replace graphite in lithium-ion batteries, announced today they
have entered into a Memorandum of Understanding (MOU) to cooperate
in the development, validation and launch of next-generation
battery technology.
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The strategic partnership will combine Ecellix’s groundbreaking,
ultra-high capacity eCell technology with Romeo Power’s proven
battery packs, modules and battery management system to create
advanced electrification solutions for the commercial vehicle
industry. The parties are collaborating in order to jointly develop
battery technology with market-leading range, faster charge times,
maximized uptime and increased profit per mile.
The combination of Ecellix’s high energy density materials, and
Romeo Power’s advanced truck battery architecture, has the
opportunity to reduce the weight of a 1 MWh battery pack by up to
9,900 pounds. This is equivalent to reducing the weight of a
battery-electric Class 8 truck by up to 25%, therefore exceeding
660 miles of range on a single charge.
“We are thrilled to collaborate with Ecellix. Their battery
material technology is impressive, adding up to 50% more energy to
current generation lithium-ion batteries,” said Lionel Selwood,
Jr., CEO of Romeo Power. “Together, we can accelerate the clean
energy movement and offer tiered products to meet and exceed our
customers’ requirements at every level.”
“Romeo Power is a proven market leader representing more than
half of North America’s Class 8 market,” said Jerry Schwartz,
Ecellix’s CEO. “We look forward to working together to develop and
implement our best-of-class silicon anode materials technologies to
innovate electrification solutions for the industrial
transportation sector and beyond.”
Romeo Power and Ecellix will collaborate on eCell technology
qualification, value chain partnership development and implementing
eCell into Romeo Power’s battery packs and modules. The companies
will determine eCell performance based on application requirements,
design reliability and using life cycle maximization. Once
validated, Romeo Power customers could directly benefit from
performance enhancements, such as extended range, lower total cost
of ownership and extended battery life.
To learn more about Ecellix and eCell technology, click
here.
About Romeo Power, Inc. Founded in 2016 and headquartered
in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy
technology leader delivering large-scale electrification solutions
for complex commercial applications. The company’s suite of
advanced hardware, combined with its innovative battery management
system, delivers the safety, performance, reliability and
configurability its customers need to succeed. Romeo Power's
113,000 square-foot manufacturing facility brings its flexible
design and development process inhouse to pack the most energy
dense modules on the market. To keep up with everything Romeo
Power, please follow the company on social @romeopowerinc or visit
www.romeopower.com.
About Ecellix Inc. Ecellix is the developer of
proprietary swell-tolerant micro-porous silicon carbon anode
materials produced with commodity precursor materials at favorable
production costs. eCell materials are intended to replace graphite
in lithium-ion batteries, enabling a 30-50% increase in overall
Li-ion battery energy capacity and significant benefits in reduced
weight and volume, enabling battery manufacturers to produce
batteries with higher retention capacity and energy density while
lowering manufacturing costs on shorter production times.
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Romeo Power
For Investors ICR, Inc. RomeoPowerIR@icrinc.com
For Media ICR, Inc. RomeoPowerPR@icrinc.com
Ecellix
Jason Schwartz, CSO Jason.Schwartz@ecellix.com
Romeo Power (NYSE:RMO)
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