New market semi-solid energy storage

Is a semi-solid battery a viable choice for EVs and stationary storage?

Inside 24M’s semi-solid battery play 24M, a US company developing novel lithium battery technology based on semi-solid materials, argues that the remaining runway for lithium batteries – the time during which the technology will continue its rollout as the mainstream choice for both EVs and stationary storage – is plentiful.

What is a solid-state battery (SSB)?

The solid-state battery (SSB) is a novel technology that has a higher specific energy density than conventional batteries. This is possible by replacing the conventional liquid electrolyte inside batteries with a solid electrolyte to bring more benefits and safety.

Is 24m a 'breakthrough' for advanced lithium batteries?

While admitting that commercialisation remains an estimated two to three years away, 24M, spun out of an MIT laboratory by founder Yet Ming Chiang to investigate solid state and now semi-solid lithium battery materials, claims its latest ‘breakthrough’, Dual Electrolyte Technology, heralds a new era to come for advanced lithium batteries.

How much will SSB batteries cost in 2028?

The results demonstrate that in the best-case scenario, SSBs will be mass-produced and will hit 140 USD per kWh by 2028, whilst the worst-case scenario presumes that the mass production of this type of batteries will face obstacles and will cost 175 USD per kWh between 2032 and 2033.