Enevate secures funding from LG Chem to develop fast charging battery technology

Enevate

Enevate Corporation, a California battery tech firm that’s done some pioneering work on silicon-dominant anodes and cells, has received funding from South Korea battery giant LG Chem.

Enevate says its HD-Energy technology allows Li-ion batteries to be charged to 75 percent capacity in 5 minutes, while also providing higher energy density than batteries currently on the market. Enevate’s batteries can safely charge and discharge at temperatures as low as -40° C, and are designed to capture more energy during regenerative braking, extending range in cold climates.

“The strategic investment from LG Chem indicates the significance of our technology because it could directly address consumer concerns with EVs, such as charge time and range anxiety, cost, and safety,” says Enevate CEO Robert A. Rango. “We look forward to our strategic partnerships with companies such as LG Chem to commercialize advanced batteries that will accelerate the adoption of EVs worldwide.”

 

Source: Enevate Corporation

  • freedomev

    Only the charge temp is an advance as 5 minute charging in EVs won’t happen because the charger would be too big and power cost huge.
    6 yr old LG/Volt cells will already do 5 minute/12C charging , are 16C, and still does that, so no advance there.
    And why they are favored for EV racecars at 300kw/16kwh pack.