Li-ion battery cathode performance and cost improvements are targeted by forge nano and Sylvatex in a new collaboration.
Sylvatex (SVX) Inc., Alameda, CA, USA, and Forge Nano Inc., Thornton, Colorado, USA, have signed a memorandum of understanding (“MOU”) for the use of Forge Nano’s proprietary Atomic Layer Deposition (“ALD”) coating technology on Sylvatex proprietary Cathode Active Materials (“CAMs”).
Batteries using ALD-stabilized CAMs consistently demonstrate improved performance for every application, including over 40,000 cycles in aerospace, faster charging electric vehicles, and long calendar-life grid-scale energy storage.
The collaboration facilitates the delivery of next-generation Li-ion battery CAM at a commercial scale in North America.
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Forge Nano is a global leader in surface engineering and precision nano-coating technology using Atomic Layer Deposition (ALD). ALD coatings on CAMs prevent unwanted chemical reactions, unlocking higher capacity, longer life, improved safety, faster charging, and a reduced cost over incumbent coating technologies.
ALD also requires significantly less energy than incumbent technologies, and the combination with Sylvatex’s capability to produce cathode active materials with reduced cost, capital, and carbon intensity will enable the production of cost- and climate-friendly high-performance materials for battery production.
Mel Luetkens, SVX’s Chief Technology Officer, said:
Sylvatex is pleased to be collaborating with Forge Nano to bring the technology needed to enable the next generation of batteries in North America.
“Combining the improved performance enabled by ALD coatings with SVX’s waterless cathode technology that produces CAMs at a 25% reduction in CAM cost and a 40% reduction in plant capital requirements over conventional processing. Using less energy and water will overcome the problems of cathode manufacturing that limit battery manufacturers and OEMs today.”
James Trevey, Forge Nano’s Chief Technology Officer, adds:
We are excited to be working with Sylvatex to develop high-performance CAMs to make lithium-ion batteries in North America.
“I believe that ALD is well positioned to enable the next generation of CAMs to be made in North America, leapfrogging outdated processes and improving supply chain security for Lithium-ion batteries. This collaboration adds to our growing set of partnerships across the battery supply chain to enable better batteries and fulfill our vision of using advanced materials to reduce the climate impacts of manufacturing.”
About Forge Nano
Forge Nano is a global leader in surface engineering and precision nano-coating technology using Atomic Layer Deposition (ALD). The Company’s proprietary technology and manufacturing processes make angstrom-thick coatings fast, affordable, and commercially viable for various materials, applications, and industries.
Forge Nano’s suite of ALD and Particle ALD (PALD) equipment and services covers the entire spectrum from lab-scale tools to commercial-scale manufacturing. Over the past few years, Forge Nano has received major support and signed meaningful partnerships with Volkswagen, LG Technology Ventures, Mitsui Kinzoku, Air Liquide, and Sumitomo Corporation of Americas.
About Sylvatex (SVX)
Sylvatex (SVX) is transitioning the world’s energy systems through foundational manufacturing improvements impacting our zero-emission electric future and grid storage. The Company has developed and is commercializing a lithium-ion battery cathode production technology that uses a sustainable, waterless manufacturing process.
By unlocking greater cost-efficiency in battery production, SVX is enabling EV automakers and the battery supply chain to meet the rising demand for lithium-ion batteries while accelerating the widespread adoption of electrified mobility. For more information, visit https://sylvatex.com.
Atomic Armor can improve performance in hydrogen fuel cells, electrolyzers and storage
Since 2019, Forge Nano has collaborated with the U.S Department of Energy’s National Renewable Energy Laboratory, University of Connecticut, Colorado School of Mines and Fraunhofer Institute of Solar Energy Systems in Germany to accelerate the development of more efficient component parts for hydrogen fuel cells, electrolyzers and hydrogen storage technology.
In the hydrogen value chain, Forge Nano’s Atomic Armor can transition fuel cells away from low-scale, costly electrode fabrications while increasing durability and limiting the use of platinum group metals. This reduces both the cost of the fuel cell as well as the technology’s dependence on expensive metals.
Mr David Wu, President of Ascent Funds said:
At Ascent, we look for transformational technology that can have an immediate and profound impact on the energy transition, especially in the hydrogen ecosystem.
“With over a decade’s experience in enhancing lithium-ion batteries and other materials, Forge Nano is the only commercially large-scale ALD player that can offer a real step-change in productivity, performance and cost for hydrogen companies.”
“For example, instead of using expensive platinum or titanium catalysts, fuel cells could use low cost metal catalysts coated with atomic armor. Until now, atomic armor for hydrogen technology was a theoretical ambition because it couldn’t be scaled – today, atomic armor is a reality’.
Mr. Paul Lichty, CEO of Forge Nano, said:
We are excited to have Ascent join us as investors and advisors.
“They have a strong track record in identifying game changing technologies and helping those companies to scale and commercialize. In addition, Ascent’s knowledge and experience across the global hydrogen industry will be paramount as our technology becomes an accelerant in the energy transition, particularly for mobility, be it BEV or FCEV.”
Ascent joins existing shareholders Volkswagens, LG Chem, Air-Liquide, Mitsui Kinzoku, Sumitomo and SCG from Thailand.
About Ascent Funds
Ascent Funds is a US-based energy technology company that seeks champions across the energy value-chain. Ascent is co-founded by Mark Gordon, veteran energy investor with senior positions at Goldman Sachs, Soros Fund Management, Paulson & Co and Janus Henderson, and IPO expert David Wu, a former Rothschild banker and ex-Chairman of Capital Markets for Fosun International..
Find out more at www.ascent-funds.com
About Forge Nano LLC
Forge Nano is changing the way that materials are made. With our proprietary Atomic Armor using Atomic Layer Deposition (ALD) technology we allow manufacturers to engineer their materials, down to the individual atom, in a way that is scalable and cost saving.
The superior coatings produced by our ALD process allow us to unlock a material’s performance at the atomic level, optimizing characteristics like conductivity, thermostability, and corrosion resistance, to name a few.
Our team of scientists have worked with an impressive portfolio of commercial partners to develop custom ALD solutions to meet any need at any scale, from small-scale R&D and laboratory work to large-scale high-volume production lines.
Our technology is being made available to a wide range of applications, from consumer electronics and lithium-ion batteries to medical devices and raw materials used in manufacturing. For more information, visit www.ForgeNano.com
Find out more at www.forgenano.com
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Li-Ion Battery Cathode Performance and Cost Improvements Are Targeted by Forge Nano and Sylvatex in a New Collaboration, DENVER, October 13, 2022
