Join SFOG and Omega Power for an exclusive webinar on December 6th at 2:00 p.m. ET to learn more.
What’s Next in Battery Technology? Introducing NanoSponge™ Electrodes
Growing global energy demand in the rapidly evolving markets of electrically powered vehicles (EVs) and 5G enabled portable electronics like smartphones and aerial drones drives the strong need for energy storage devices with enhanced performance and higher energy densities to allow for longer run times and extended mileage range. As many have come to know, Li-ion batteries today are nearing their performance limits utilizing traditional graphite anodes at only 360 mAh/g of energy capacity. Battery science and innovative technology, especially over the last 10 years, has been seeking new materials to replace graphite, and push towards the theoretical limits of Lithium-Metal (3,860 mAh/g) and lithium-ion intercalated Silicon (4,200 mAh/g) to enhance energy density for power hungry devices across all industries that use batteries.
One of those next generation battery companies that hold out the promise of replacing the current standard lithium-ion batteries is Omega Power Technologies Corp. which is creating revolutionary battery electrodes that replace graphite on copper foils with proprietary carbon nanotube (CNT) material called “NanoSponge™” (patent granted), one of the only commercially viable and scalable three-dimensional (3D) CNT materials in the world.
The unique properties of the NanoSponge Electrode™ (PCT Patent Pending) technology make it possible to safely store lithium metal at high loading within its highly porous (99%) conductive framework of 3D CNTs and nano-scaled open pore volume, trapping it, to solve the known dendrite and extreme volume expansion problems of lithium metal and silicon-based anodes. This is a major breakthrough in battery innovation and paves the way to an aggressive path to commercialization for Omega Power branded batteries for their initial “go-to markets” of drones and smartphones.
Omega Power Technologies world class research team is working to create an assembly-line-ready, drop-in, spooled, copper foil electrode product called NanoSponge Electrode™ to allow existing large-scale battery manufacturers to easily upgrade their lithium-ion battery production lines to safe, rechargeable lithium-metal battery (RLMB) technology. This electrode design concept pictured below (not actual NanoSponge™) can provide existing manufacturers up to 50% greater energy density all without having to make a multi-billion-dollar capital investment for re-tooling their manufacturing process.
Omega Power Technologies has already been vetted and qualified by a Washington DC thinktank to apply for $300M in Department of Energy grants to build their own US based gigafactory. Private equity, family offices and individual investors will have the opportunity to finance Omega Power’s path to MVPs for tier 1 drone and smartphone OEMs and help to secure up to $300M in government grant monies specifically designed for companies with proven battery technologies and production capabilities. The Washington DC group working with Omega Power has successfully placed hundreds of millions of dollars in reward grants over the last few years to many companies in the green energy electric vehicle/battery manufacturing space, and through a recent Act of Congress, the Department of Energy has been allocated $369B of new money that must be distributed by January 2025 to incentivize the growth of a U.S. battery manufacturing industry.
Upon completion of their offering rounds, Omega Power will begin the application process that can turn around grant funding in 12-18 months. This timeframe matches their 2-year success roadmap and financial runway under the current accelerated R&D scenario that the NanoSponge™ Electrode Lab makes possible for pilot scale production of Omega Power branded batteries.
To learn more please join us for an informative webinar on Tuesday, December 6 on the state of battery technology today and the innovative pathway to commercialization that Omega Power Technologies has made possible.
For more information please contact Matthew T. Sheridan at Matthew@SpotlightFamilyOffice.com.