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24M

24M hails semi-solid technology ‘milestone’

Mon, 03/04/2019 - 00:00 -- John Shepherd

US-based 24M has reached a “significant milestone” towards scaling up development of its novel semi-solid lithium-ion technology.

The Massachusetts company said it has developed and delivered “commercially viable, high energy density lithium-ion cells with energy densities exceeding 250 watt-hours per kilogram (Wh/kg)”.

The development of the high energy density nickel manganese cobalt (NMC) cells is part of a US$7 million three-year contract awarded to 24M in 2016 by the United States Advanced Battery Consortium (USABC), in cooperation with the US Department of Energy. 

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24M funding boost for semi-solid tech

Wed, 12/19/2018 - 00:00 -- John Shepherd
Photo: 24M

Semi-solid lithium-ion cells company 24M is to pump more than $20 million into speeding up deployment of the technology for the electric vehicle market.

US-based 24M said it had raised a total of $21.8m in series D financing to boost development of its “simple, capital-efficient, low-cost manufacturing process and the development of differentiated, high energy density lithium-ion cells”.

The financing was led by Japan-based ceramics manufacturer Kyocera and Japanese trading house Itochu. Previous investors also taking part in the round included North Bridge Venture Partners.

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