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BioSolar is developing breakthrough technologies to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries for electric vehicles. The need for such breakthroughs is critical to meet the expected demand of the rapidly growing global electric vehicle battery market, which is forecast to exceed $90 billion by 2025. A lithium-ion battery contains two major parts, a lithium-filled cathode and a lithium-receiving anode, that function together as the positive and negative sides of the battery. BioSolar is developing innovative technologies that will enable the use of inexpensive silicon as the anode material to create next generation high energy and high-power lithium-ion batteries for electric vehicles. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based backsheet for use in solar panels.
Ferroglobe Signs a Joint Development Agreement with BioSolar, a leading developer of breakthrough energy storage technologies
Joint efforts with BioSolar will focus on developing and joint marketing of silicon anode materials for high power, high energy lithium ion batteries
LONDON, June 19, 2018 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe” or the “Company”), the global leader in the supply of silicon metal, through its subsidiary Silicio Ferrosolar SLU, announced that the Company has executed a joint development agreement with BioSolar, Inc. (OTCQB:BSRC), a leading developer of breakthrough energy storage technology and materials.
Race to Market with Silicon Battery Anode
Quite beguiling in performance, but unruly in behavior, silicon requires a fix. BioSolar engineers think they have found a good mechanical fix with a carbon matrix ‘housing’ for the silicon. Now they are off with an application for protection of their technology from the U.S. patent office.