James Morris writes in Forbes on an innovative EV battery startup.
- Theion’s battery technology is primarily composed of sulfur, the 10th most common element on Earth.
- The startup’s battery also does not require rare earth metals such as nickel and cobalt, which is especially important as rare earth supply chains are heavily reliant on China.
- Theion also claims that its batteries are bigger and weigh less than what is currently on the market, which could meaningfully extend EV range.
- Free market innovation is accelerating a clean future.
“Another important aspect is of course price, and Theion is promising amazing reductions here too. ‘Our price target is €30 per kilowatt hour in comparison to €90 per kilowatt hour today,’ says Ehmes. This is because the materials Theion uses are cheaper, and so is the energy consumption. ‘Production energy is 90% less.’ With batteries making up around a third of current EV costs, this reduction would easily push total car prices well below that of internal combustion vehicles.”
Read the full article here.
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