Paraclete Energy, a producer of silicon-based anode materials for the EV and battery markets, has reached a cost of $35/kWh for its SILO Silicon anode materials—below the typical cost of $53/kWh for lithium iron phosphate (LFP) batteries using graphite anodes.

Paraclete Energy’s silicon anode materials offer specific energy of over 520 Wh/kg, exceeding traditional graphite anodes, according to the company. This allows batteries to deliver more energy for longer periods of time.

Paraclete Energy’s distributed manufacturing model enables the production of anode materials near or at customers’ sites, increasing their production efficiency and reducing costs.

“The recent decline in LFP battery prices underscores the industry’s commitment to affordability and sustainability,” said Jeff Norris, CEO of Paraclete Energy. “Our SILO Silicon anode technology serves as a proxy for cost-effective and high-performance energy storage for the rapid adoption of electric vehicles and renewable energy solutions.”

Source: Paraclete Energy