X-BATT announces joint venture to revolutionize battery technology with coal.
X-BATT, a pioneer in advanced battery materials, announce that it has partnered with CONSOL Innovations, a subsidiary of CONSOL Energy Inc., to accelerate the development of its coal-based anode technology.
The work will be performed by C-BATT Innovations LLC, a newly formed joint venture between the companies, which is focused on advancing domestic battery materials derived from coal toward ultimate commercialization.
Since 2020, in partnership with the Department of Energy, X-BATT has been at the forefront of this innovation, integrating coal with its proprietary, low-cost, resin-based technology to produce high performance, domestically sourced anode materials.
Bill Easter, founder and CEO of X-BATT, expressed his excitement:
Collaborating with a forward-looking energy leader like CONSOL propels our technology to the next level.
“The ability to supplant graphite with an abundant, domestically sourced coal presents an eco-friendly solution for the growing demand for lithium-ion batteries.”
Dan Connell, Senior Vice President of CONSOL Innovations said:
We continue to invest in the coal-to-products sector.
“This opportunity is focused on coupling abundant domestic raw materials with cutting-edge technology to unlock new sustainable uses for coal, and we are excited to team with X-BATT to pursue it further.”
This joint venture stands as a testament to the converging forces of innovation and sustainability and is poised to reshape the landscape of energy storage and battery technology.
About X-BATT®
Established in 2019, X-BATT® focuses on leveraging its patented technology for high-capacity, low-cost, scalable lithium-ion battery components and provides customized, cutting-edge solutions that will allow the renewable energy future to be fully realized.
www.x-battinc.com
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X-BATT Announces Joint Venture to Revolutionize Battery Technology with Coal, OVIEDO, Fla., October 9, 2023
