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Norwegian gigafactory firm signs lithium-ion battery technology deal

Thu, 01/14/2021 - 15:25 -- Paul Crompton

Norwegian gigafactory firm Freyr has signed a definitive license and services agreement to use 24M’s SemiSolid lithium-ion battery platform technology at its planned facilities in Mo i Rana, Norway.

24M has drastically reduced the number of steps required to manufacture traditional battery cells, while still using conventional lithium-ion raw materials. 

Freyr expects this will reduce the capital expenditures and enable ‘substantial operational cost saving’ while increasing production throughput through a highly flexible production platform that works across all chemistries and can be re-tooled for various sized batteries and cathode and anode chemistries.

Tom Jensen, the CEO of Freyr, said: “24M has fundamentally redesigned the traditional lithium-ion cell technology and production platform, delivering higher energy density per battery while enabling substantial reduction in capex, operating costs, CO2 emissions and physical footprint of the manufacturing facility as compared to conventional solutions.”

In June 2019, Japan firm Kyocera began pilot production of 24M’s SemiSolid battery technology to validate its use in residential energy storage systems in the Japanese market.

Freyr is targeting the development of more than 40GWh of scalable, modular battery cell production capacity via a phased development approach using deep partnership-based strategies, including in-licensing of next generation technologies. 

In December, Freyr signed a memorandum of understanding (MoU) with mining company Glencore International for the potential supply of ethically sourced and traceable raw materials.  



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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