Canadian battery materials innovator, NEO Battery Materials, has dispatched its latest optimized batch of proprietary silicon anode materials, NBMSiDE, to key battery manufacturers and electric vehicle (EV) automakers for meticulous performance evaluation.
NEO Battery Materials, a notable player in the Canadian battery technology sector, has taken a significant stride towards advancing electric vehicle technology. The company's latest dispatch of refined silicon anode materials, known as NBMSiDE, to prominent battery manufacturers and EV automakers is raising expectations within the industry. The upgraded formulations, boasting uniform coatings and novel additives, have led to a remarkable over 70% increase in cycle life compared to the previous batch that underwent evaluation.
This latest development is part of NEO Battery's ongoing efforts to forge collaborations with various stakeholders in the EV battery supply chain. Impressively, the company has engaged in more than 20 active material evaluations thus far, as it endeavors to position its advanced technology at the forefront of the rapidly evolving electric vehicle landscape. The most recent dispatch marks the fourth occasion on which NEO has provided samples to a major global battery manufacturer. Initial trials are set to be conducted alongside North American-based Lithium Iron Phosphate (LFP) battery manufacturers.
Of particular note is NEO Battery's assertion that their NBMSiDE silicon anode material, which begins with an initial energy density of 2,200 mAh/g, has the potential to achieve an energy density of approximately 510 mAh/g when combined with commercial-grade graphite. This technological leap hints at the possibility of extending the range of an average EV by a significant 20%.
Promoting its low-cost silicon anode materials as the key to realizing “longer-running, rapid-charging lithium-ion batteries,” NEO Battery has taken additional steps to refine its design. The incorporation of uniform coatings and innovative additives has contributed to the remarkable cycle life enhancement of over 70% compared to the previous batch.
Dr. Basudev Swain, NEO's Chief Science Officer, expressed confidence in the company's ability to tailor the NBMSiDE's performance to the exact specifications sought by EV and battery cell manufacturers, even within a constrained evaluation timeline. Dr. Swain stated, “Testing parties continue to comment that NEO's technology is the most promising solution for the industry to adopt silicon anodes in all EV makes and models, and we are diligently working to ink advanced, milestone agreements.”
NEO Battery has also shared that it has successfully established six non-disclosure agreements (NDAs) with a range of high-profile entities. These entities include a distinguished European-based premium automotive original equipment manufacturer (OEM), a globally recognized Asian-based battery manufacturer, and a North American-based battery manufacturer, graphite company, and government organization. While details of the agreements remain confidential, it is not uncommon for automotive manufacturers to maintain discretion about their supply partnerships. Given the experimental nature of this pivotal delivery, it's unsurprising that NEO Battery has refrained from disclosing the precise entities that will be engaging in the technology's testing phase.