UK-based battery tech company Eqonic Group has revealed new energy storage technology that tackles the industry’s toughest challenges: cost, safety and sustainability.
Following years of R&D, the Eqonic’s next-gen battery system achieves material costs just 30% of those in traditional lithium metal batteries. With materials comprising roughly 60% of total production costs, this innovation targets a manufactured cost of £50/kWh – nearly half the current industry average.
Unlike conventional lithium-based systems, Eqonic’s proprietary composite materials are non-flammable, eliminating fire risks in both residential and commercial applications. The design also sidesteps supply chain vulnerabilities by avoiding lithium, sodium and rare earth metals – an increasingly critical move amid global tensions and export restrictions.
Eqonic’s energy density roadmap aims to outperform sodium batteries by 2026, LFP by 2027, and rival NMC levels by 2029. Built for full recyclability, the technology supports a circular economy model from inception.
“The energy storage industry is stuck in a compromise, choosing between cost, safety, or sustainability. We’ve eliminated that trade-off entirely,” said Jas Kandola, founder and CEO. “The result is technology that costs 70% less (at material level) than traditional lithium batteries while being completely safe and sustainable.”
Rather than constructing a gigafactory, Eqonic will license its technology and collaborate with partners, reducing capital risk and enabling broad deployment across markets.
The company also operates a commercial arm offering LFP-based energy storage systems for B2B clients, spanning residential and industrial applications.
