ElevenEs has accomplished a 2-year growth program and produced a prototype of the largest battery cell in Europe. Customer deliveries to begin in the first quarter of 2023.
SUBOTICA, Serbia, Sept. 26, 2022 /PRNewswire/ –The first and largest full-size LFP (Lithium Iron Phosphate) battery cell in Europe was developed by ElevenEs, a pioneer in battery cell growth. Its first batches will probably be shipped for buyer testing in the first quarter of 2023. The firm introduced that its EDGE battery cell can be displayed at The Business Booster, EIT InnoEnergy’s annual worldwide networking occasion that showcases over 150 main sustainable power applied sciences from round the world, held in Lisbon, Portugal, on September twenty eighth and twenty ninth this 12 months.
LFP expertise, which in accordance with Bloomberg NEF in 2022, will attain 40% of the world battery market share, is characterised by higher security, decrease value, and elevated sustainability (doesn’t require nickel and cobalt). In addition to its confirmed security options in electrical autos, LFP batteries final twice so long as the most typical competing applied sciences. In latest months, main automotive firms corresponding to Tesla, Volkswagen, BMW, Mercedes, Ford, and others have already launched LFP cells in their fleets.
“After creating and testing more than 500 laboratory sample cells, we have developed the final cell chemistry and design and grown into an international team into nearly 50 people. We are delivering according to our plans and expect to close our Series B financing round later this year, expand our production capabilities to 300-500MWh, and onboard several strategic investors to accelerate our growth further,” mentioned Nemanja Mikać, CEO of ElevenEs. Additionally, he has highlighted that ElevenEs will supply to the market 3 distinct EDGE battery cell sizes in a prismatic format, which will probably be aggressive towards all presently accessible mass-produced batteries in the world market.
“A year ago, at the same conference, this company was still only an early development project, and this battery did not exist. It is impressive to see what they have accomplished in such a short time,” mentioned Diego Pavia, CEO of EIT InnoEnergy.
ElevenEs is an industrial spin-off mission of Al Pack Group, a multinational aluminum processing chief with nearly three many years of expertise and know-how in high-precision aluminum processing, a key part of the electrode manufacturing that types the lively half of the LFP battery.
The laboratory and the R&D heart have been operational since June 2021, and the first-stage manufacturing plant will probably be accomplished by January 2023. The first stage of giga-scale manufacturing (8GWh), with its capability to ship batteries for 200.000 vehicles per 12 months, is anticipated by the finish of 2025. An extra growth plan is anticipated to be introduced quickly.
Despite an elevated quantity of startup firms asserting growth plans, the battery market in Europe stays underserved.
For firms which might be far superior in product growth, corresponding to ElevenEs, the fast development will come from a relentless product focus and well-executed industrialization technique. Europe’s demand for sustainable and localized batteries is on the rise, so the reliability and product management of European battery makers is changing into crucial.
About ElevenEs
ElevenEs is a pioneer in LFP (Lithium Iron Phosphate) cathode battery expertise and the creator of the first and largest full-size LFP battery cell in Europe.
The firm is an industrial spin-off from Al Pack Group, a multinational trade chief in aluminum processing. By making extensively accessible and cost-effective power storage options we’re offering batteries for electrical vehicles and mass transport, and making a sustainable future inclusive and inevitable course of.
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