Differentiated EV battery solution delivers solid value for
ultra-fast charging, high energy density, and increased safety
SANTA CLARA, Calif.,
April 15, 2021 /PRNewswire/
-- Based on its recent analysis of the global electric vehicle
(EV) lithium-ion (Li-ion) battery market, Frost & Sullivan
recognizes Enevate Corporation with the 2021 Global Customer
Value Leadership Award. Its patented next-generation silicon
technology is transforming the EV battery market. The
groundbreaking technology enables a significant leap in performance
while maximizing the use of existing cell production
capabilities.
"Enevate's innovative roll form of silicon anode is compatible
with today's cell manufacturers' high-speed production lines," said
Kiran Unni, Vice President, Frost
& Sullivan. "The company's continuous roll-to-roll anode
process can be manufactured at over 80 meters per minute.
This production rate is an important differentiator, as
silicon technology has traditionally been challenged
by high-speed volume production."
Existing market solutions only use silicon as an additive to a
graphite electrode, which significantly limits the benefits of
silicon in the anode. Enevate's technology, by comparison,
leverages a silicon dominant approach that is compatible with a
variety of next-generation cathode materials and solid-state
battery architectures, as well. Compared to traditional Li-ion
batteries, Enevate technology improves EV range by 30%, in addition
to enabling ultrafast charging. In 2020, it announced the fourth
generation of its XFC-Energy™ -- extreme fast charging --
technology, capable of a five-minute charge to 75% capacity, energy
densities of 800 watt-hours (Wh) per liter, and 340 Wh per kilogram
in large-format EV cells.
Additionally, Enevate silicon technology is resistant to lithium
plating, circumventing issues such as accelerated performance
degradation and hazardous outcomes that are associated with
traditional Li-ion technology. The company also tests cells quickly
due to its fast charge. Competing solutions often require up to six
months to test their batteries, while Enevate's solution reduces
this time to one or two months.
"Combining advanced technology with a strong patent portfolio,
Enevate will have several opportunities to license its technology
in the EV industry as the market grows," noted Samantha Fisher, Best Practices Research
Analyst, Frost & Sullivan. "Most of the demand for Li-ion
batteries in the United States is
generated from the automotive and power utility sectors, which
positions Enevate ideally to leverage its expertise in these areas
and thrive in the future."
Each year, Frost & Sullivan presents this award to the
company that has demonstrated excellence in implementing strategies
that proactively create value for its customers, focusing on
improving the return on the investment that customers make in its
services or products. The award recognizes the company's unique
focus on augmenting its customers' value beyond simply good
customer service, leading to improved customer retention and
customer base expansion.
Frost & Sullivan Best Practices awards recognize companies
in a variety of regional and global markets for demonstrating
outstanding achievement and superior performance in areas such as
leadership, technological innovation, customer service, and
strategic product development. Industry analysts compare market
participants and measure performance through in-depth interviews,
analyses, and extensive secondary research to identify the
industry's best practices.
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Contact:
Kristen Moore
P: 210.247.3823
E: kristen.moore@frost.com