USABC Awards $2.6 Million Lithium Electrode-Based Cell Development Contract to Farasis Energy USA
Hayward (California), June 22, 2023 – The United States Advanced Battery Consortium LLC (USABC) earlier this year announced a $2.6 million contract to Farasis Energy USA in Hayward (California) to develop beyond lithium-ion battery technologies. The program goal is to develop a lithium metal-based anode with nickel-rich cathode and liquid electrolyte battery technology for EV application.
The contract award, which includes a 50 percent cost share, funds a 24-month project. It is part of a larger effort to develop advanced battery technologies that can meet the growing demand for electric vehicles.
The program goal is to develop a lithium metal-based anode with nickel-rich cathode and liquid electrolyte battery technology for EV application; this is a possible alternative to lithium-ion technology. This is USABC’s fourth contract with Farasis Energy.
“This contract supports our company to develop the next generation of battery technologies and bring them to market faster”, says Dr. Keith Kepler, CTO and co-founder of Farasis Energy. “Lithium-ion battery technology will reach its limits in the next years when it comes to increasing energy density. This also means that ranges and fast charging capabilities will reach their limits, hence we are researching various chemistries to be able to go beyond these to achieve greater performance whilst maintaining highest safety standards and longevity.”
USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR). Enabled by a cooperative agreement with the U.S. Department of Energy (DOE), USABC’s mission is to develop electrochemical energy storage technologies that advance commercialization of next generation electrified vehicle applications. In support of its mission, USABC has developed mid- and long-term goals to guide its projects and measure its progress.
“The lithium electrode-based cell development contract award with Farasis Energy is part of USABC’s broad battery technology research and development program,” said Lyle Raines, USCAR Director of Operations. “Programs like these are critical to advancing the technology needed to meet both near- and long-term goals that will enable broader scale vehicle electrification.”
USCAR is the collaborative automotive technology company for Ford Motor Company, General Motors and Stellantis. The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development. For more information, visit www.uscar.org.
All USCAR Member companies have joined in becoming signatories of the Responsible Raw Materials Initiative (RRMI, now part of the Responsible Minerals Initiative, RMI) Declaration of Support.
About Farasis Energy
Farasis Energy is a leading developer and manufacturer of high-performance lithium-ion battery technology and pouch cells for electric mobility and other sustainable power storage solutions. Founded in 2002 by Dr. Keith Kepler and Dr. Yu Wang in California, the company now operates research and development centers in China, Germany, and the United States. There are currently two production facilities in Ganzhou and Zhenjiang (China), with further production facilities being built by 2025, thereby increasing total planned capacity to 180 GWh/a. A new battery plant is also being built in Gemlik (Turkey) with the establishment of the Siro joint venture between Turkish electric car manufacturer Togg and Farasis Energy. With more than twenty years of experience in research and development and with over 150 patents, Farasis Energy is shaping the future of electric mobility as a pioneer. In addition to Togg, its major strategic partners also include companies such as Mercedes-Benz and Geely.
For further information please visit www.farasis-energy.com.