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Lyten secures 4 million grant department energy
Lyten secures $4 Million grant from Department of Energy
Lyten has announced it has secured a $4 million grant from the U.S. Department of Energy (DoE) to accelerate the manufacturing of its advanced lithium-sulfur battery technology. This grant (awarded by the DoE’s Energy Efficiency and Renewable Energy / Vehicle Technologies Office) specifically targets lithium-sulfur technologies that can alleviate offshore supply chain risk for EV batteries and increase EV driving range.Lithium-sulfur is a chemistry known for decades to potentially hold 2 to 3 times the energy density of lithium-ion but was not envisioned to come into the market until the 2030s due to material science challenges. Lyten set out to accelerate this timeline by using its 3D Graphene material to develop a sulfur-graphene composite cathode. In June 2023, Lyten opened a semi-automated lithium-sulfur pilot line producing pouch and cylindrical cells on its 145,000-square-foot campus in Silicon Valley and will begin to deliver non-EV cells commercially in 2024. Tapping into abundantly available and low-cost sulfur, the lithium-sulfur chemistry has the potential to deliver greater than twice the energy density of lithium-ion NMC (nickel, manganese, cobalt) chemistries. Also, the chemistry does not require critical minerals such as nickel and cobalt in the cathode or graphite in the anode, enabling a locally sourced, locally manufactured EV battery.The DoE award supports private industry and university research as part of this round of funding for lithium sulfur. For this grant, Lyten is working with Stanford University, the University of Texas-Austin, and industrial partner Arcadium Lithium (formed via a merger of Livent and Allkem). Lyten is also separately a subrecipient on a DoE grant awarded to Purdue University to improve modeling capabilities for lithium-sulfur cells.In Q3 of 2023, Lyten announced it had raised $200 million through a Series B round, bringing total investment up to $410 million to scale 3D Graphene applications and lithium-sulfur battery manufacturing. Lyten investors include a broad range of industry leaders, including Stellantis (third-largest auto manufacturer in the world), FedEx, Honeywell, and Walbridge.Dan Cook, CEO and co-founder of Lyten: “We are encouraged by both the Department of Defense and Department of Energy’s support for alternative battery technologies, in particular breakthrough technologies like lithium-sulfur that are critical to establishing energy security and supply chain independence. The U.S. has an opportunity to gain the lead in technological breakthroughs necessary to overcome barriers holding back mass scale electrification.”
Source:
pulse2.com
Tags:
Graphene batteries
Graphene investing and financials
Posted: Feb 01,2024 by Roni Peleg
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