Silicon Valley next gen battery tech startup bought: NorthVolt an swedish battery cells and systems supplier has announced the acquisition of the Silicon Valley technology firm Cuberg.
A next-generation battery technology has been developed by the company based on a liquid electrolyte combined with a lithium mental anode.
It is claimed that the lithium-metal offering will increase the energy density of batteries, compared to lithium-ion alternatives.
The aim is to develop battery cells for electric vehicles with a better performance, lower cost and increased safety.
The US deparment of Energy and the California Energy Commission have already supported its work and Boeing is among Cuberg’s Customers.
“Combining Cuberg’s strengths with the capabilities and technology of Northvolt allows us to make significant improvements in both performance and safety while driving down cost even further for next-generation battery cells.” said Peter Carlsson, Chief Executive Officer and Co-Founder of Northvolt.
Silicon Valley next gen battery tech startup bought