BioSolar Inc (OTCMKTS: BSRC) is making a fast move up the charts since reversing off $0.0028 lows quickly attracting a fast growing shareholder base and emerging as a volume leader. The stock has a history of big moves skyrocketing over $0.17 back in mid-2018.
It’s easy to get excited about BioSolar at current levels; its cheap, just over its 52 week lows and the Company is in the right place at the right time; Lithium and efficiency improvements to current batteries is in very high demand as Tesla executes on its missions to ramp up production to 500,000 cars per year, Tesla alone will require today’s entire worldwide supply of lithium-ion batteries.
BioSolar Inc (OTCMKTS: BSRC) 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.
BioSolar has developed performance boosting additives which improve the performance of silicon anodes by: (1) increasing the efficiency of lithium-ion transfer, and (2) preserving the silicon anode structure during silicon’s volume expansion and contraction associated with charge-discharge cycling. This will help increase the storage capacity and life of lithium-ion batteries made from various types of silicon anodes. The Company is currently preparing commercial-grade prototype battery cells to demonstrate the benefits of our performance boosting additives in a complete silicon anode lithium-ion battery. Commercial partners working on this project include Ferroglobe PLC, one of the world’s largest suppliers of raw silicon materials, and Top Battery, a South Korean manufacturer of EV batteries.
On June 2 BioSolar filed a patent application for “Silicon Alloy Anode for High Power Batteries,” providing protection for the implementation of the Company’s silicon additive technology for high power batteries designed for application in targeted industries, such as power tools and hybrid electric vehicles.
Energy storage devices for high power applications are known to generate significant heat during high-rate discharge, which in turn requires costly thermal management features in batteries. To address this challenge to power battery design, BioSolar has applied its silicon additive technology to Silicon Alloy (Si Alloy) anode materials, thus no longer requiring the thermal safety features at cell level architecture. Doing so can significantly reduce the cost of lithium-ion battery engineering and manufacturing, ultimately lowering costs for end users and strengthening commercial viability in many applications.
“Filing this patent application is an important step in bringing BioSolar’s performance boosting Silicon additive technology closer to commercialization,” said Dr. David Lee, CEO of BioSolar. “As we move forward, it is critical that we control future licensing efforts that may one day represent a significant source of revenue. Given the potential and clear market niche for our performance boosting silicon additive technology when applied to Si Alloy materials, we are pleased to file this patent and continue focusing on the evaluation of the technology.”
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Currently running up the charts BioSolar is an exciting story developing in small caps; the Company 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. Currently coming off its all time lows BSRC has momentum, liquidity and a fast growing shareholder base bidding the sock higher.We will be updating on BioSolar when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BioSolar.
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