BioSolar Expands Market Opportunities with Performance Boosting Additive for Silicon Anodes in Lithium-ion Batteries
SANTA CLARITA, Calif., Aug. 08, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC) (“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced successful internal tests of a proprietary additive that can improve the performance of silicon anodes in general.
Silicon (Si) is one of the most promising anode materials being considered for next generation, high energy and high power lithium ion batteries. However, Si anodes suffer from large capacity fading and tremendous volume change during lithium-ion charge discharge cycle, leading to short life-span. BioSolar has been developing a proprietary Si anode that addresses these inherent problems.
Recently, the Company developed an additive material to boost the performance of its Si anode for high power/fast charging applications. Surprisingly, when added to competitive Si anodes, such as those from well-known international battery manufacturers, the additive was able to increase the capacity retention of them as well. The Company now believes that its proprietary additive has the potential to improve all types of silicon anode materials such as Si carbon composite, Si oxide type, and Si alloys, and further experiments are being performed. This surprising turn of events creates multiple paths to commercialization for the Company’s technology – standalone Si lithium nanocomposite anode as well as performance boosting additive for other Si anode manufacturers.
“The versatility to apply the additive to our own energy storage technologies as well as a broader set of applications, opens up our commercialization opportunities,” said BioSolar CEO David Lee. “The initial work has already shown that our additive material, made out of highly ionic silicon-lithium nanocomposites, improves the battery’s first cycle efficiency, capacity retention for long-term cycling, and power capability at different current rates. We expect our inorganic lithium ion conducting additive can create substantial market opportunities that will result in revenue generation.”
This expanded opportunity for commercialization is strongly supported by the growth of the lithium-ion battery market. A report by Navigant Research indicates that the global market for lithium ion (Li-ion) batteries or automotive applications is expected to grow from $7.8 billion in 2015 to $30.6 billion in 2024. Key industry driver such as the EV market are one of the reasons why the lithium ion battery market is expected to exceed $69 billion by 2022.
