©Reuters.
LONDON – Ferroglobe PLC (NASDAQ: NASDAQ:), a leading manufacturer of silicon metal, and Coreshell, a US battery technology company, have entered into a memorandum of understanding to develop the first battery-ready metallurgical silicon. This collaboration aims to create low-cost, range-extending electric vehicle (EV) batteries, in line with the requirements of the US Inflation Reduction Act.
The partnership is intended to bypass current materials such as silane-based silicon and graphite, which have been a limiting factor in the electric vehicle industry, causing high costs and limited driving range. The cost of electric vehicle batteries, which represents a substantial portion of the total vehicle price, is expected to decrease as a result of this initiative.
Coreshell’s patented nanomaterial electrode coating technology is key to preventing the rapid degradation of micrometer silicon, thus improving battery life while allowing lithium ions to move efficiently. Ferroglobe’s unique metallurgical purification process, which produces high-purity silicon without chemical reagents, is poised to make active silicon material more affordable.
Benoist Ollivier, Chief Technology & Innovation Officer at Ferroglobe, highlighted the potential of micrometer silicon to accelerate the decarbonisation of the mobility sector. Jonathan Tan, CEO of Coreshell, highlighted the importance of unlocking the potential of metallurgical silicon for the development of scalable, affordable, long-range electric vehicle batteries using a fully domestic supply chain.
The collaboration between Ferroglobe, a major supplier of silicon in the United States, and Coreshell, with its solution to the problem of degradation of raw metallurgical silicon, promises to revolutionize the automotive industry’s transition to clean energy.
This news is based on a press release and reflects the current steps both companies are taking to innovate in the electric vehicle battery industry.
This article was generated with the support of AI and reviewed by an editor. For further information please see our T&Cs.