24M announced today that it has been awarded $3.2 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) as part of the EVs4ALL program. The program aims to develop more affordable, convenient, efficient, and resilient electric vehicle (EV) batteries.
“We are pleased to be chosen for this initiative and help strengthen the domestic supply chain for advanced batteries that power electric vehicles,” said Naoki Ota, president and CEO of 24M. “The demand for lower-cost, higher-capacity batteries is greater than ever before. The current processes to manufacture lithium-ion batteries are approaching performance and cost limits and require an innovative manufacturing platform that improves performance while reducing costs.”
In partnership with the Massachusetts Institute of Technology (MIT) and Carnegie Mellon University (CMU), 24M will use its versatile SemiSolid manufacturing platform to develop low-cost, fast-charging sodium metal batteries with good low-temperature performance for EVs.
“As the U.S. Department of Energy looks to expand domestic adoption of electric vehicles, sodium metal batteries can play an important role in ensuring low costs for all consumers,” said Dr. JunZheng Chen, director of advanced R&D at 24M. “This funding will help us develop, manufacture and deliver these batteries at scale.”
The 24M cell design will incorporate an ultra-thick SemiSolid cathode made of advanced cobalt-free, nickel-free sodium cathode active material, an advanced wide-temperature, fast-charging electrolyte developed using machine learning and automated high-throughput screening technology, and a sodium super ionic conductor.
#24M has received $3.2 million in funding from @ENERGY for @ARPAE’s EVs4ALL program. As part of the new initiative, we will use the versatile SemiSolid manufacturing platform to develop low-cost, fast-charging sodium metal batteries. https://t.co/MvtmPJHvDU pic.twitter.com/IHYoTc1A5W
— 24M Technologies (@24M_Tech) January 23, 2023
