(Fremont,
CA) Interestingly, a lithium-ion battery is
also referred to as, a li-ion battery.
Irregardless of which, the common abbreviation is L.I.B. Essentially, a lithium-ion battery moves
lithium ions, inside the actual battery.
The movement is of negative electrodes, through an electrolyte, into a
positive electrode side. The movement occurs,
naturally, during discharge. When the
battery is being charged, the movement naturally reverses, into the negative
electrode side. For the most part, the
material for the positive electrode side, is an intercalated lithium
compound. In addition, the material for
the negative electrode side, is graphite.
Lithium-ion batteries are commonly used because they have high energy
density, no memory effect and low self-discharge. Recently, the Enovix Corporation announced
that, it has further developed the lithium-ion battery. Specifically, the aforementioned business
revealed that, it has secured $45 million USD in a funding round. The funding round is best characterized as
having secured funds from a major new strategic investor, current investors and
non-dilutive funding from market leading customers. Regrettably, more information was not made
public.
Whilst there was information that
was not made public, what was made public is the purpose of the funding
round. Overall; the major new strategic
investor, current investors and the non-dilutive funding from market leading
customers will be contributing funds.
The funds will be used to manufacture and commercialize, Enovix’s
proprietary 3D silicon lithium-ion battery.
The reported manufacturing rate is 8 million units for each year, by the
year 2021 or 2022. However and returning
to, a lithium-ion battery, the aforementioned type of battery is commonly
used. In fact; it is very commonly used
in portable consumer electronic devices, electric vehicles and aerospace. Fascinatingly, a lithium-ion battery does
have recognized inventors. John
Goodenough, Stanley Whittingham, Rachid Yazami and Akira Yoshino are the
credited inventors; who further developed the technology. This occurred during the 1970s and
1980s. A team at the Sony Corporation
(NYSE: SNE) is credited with
commercializing, the lithium-ion battery.
The team was led by Yoshio Nishi, in the year 1991. Additionally, the team was a team from the
Asahi Kasei Corporation. The latter, is
a Japanese chemical company.
Returning to, Enovix’s proprietary
3D silicon lithium-ion battery, the aforementioned is considered to be the next
generation. In fact, as the next
generation of the lithium-ion battery, it significantly increases energy
density. Due to the latter, Enovix’s
proprietary 3D silicon lithium-ion battery, is capable of maintaining a high
cycle life. The former and the latter,
is made possible by a proprietary and patented, 3D cell architecture. This 3D cell architecture enables a
high-capacity silicon anode, which increases energy density by at least 40% to
more than 100%. Cell size, affects the
previously said. In addition, Enovix’s
proprietary 3D silicon lithium-ion battery keeps the anode stack under high
pressure. This prevents particle
pulverization in the silicon. The effect
is a full depth of charge cycle life, of more than 600.
To end, the Enovix Corporation did
release a press statement. Harrold Rust
is a Co-Founder and the Chief Executive Officer of the Enovix Corporation. Through a press statement, Mr. Rust said the
following. “The composition of this
round is a testament to the performance we’ve achieved and progress we’ve
demonstrated towards production and commercialization of our silicon-based
lithium-ion battery. Anchoring the round
is a $25 million strategic investment from a leading California
technology company. Present investors
have added $10 million, and customers have contracted $10 million to develop
batteries for specific products and to reserve production capacity.” Harrold Rust also said. “We initially attracted customers when we
sampled cells about a year ago with energy density over 900 Wh/l and full-depth
of discharge cycle life over 500. As customers
and investors visited our production site and saw our proprietary electrode
laser patterning and high-speed stacking tools in action, their confidence in
our production capability was sufficient to generate revenue and secure
additional funding.” As previously
stated, the Enovix Corporation recently announced that, it has further
developed the lithium-ion battery.
Specifically, the aforementioned business revealed that, it has secured
$45 million USD in a funding round. The
funding round is best characterized as having secured funds from a major new
strategic investor, current investors and non-dilutive funding from market
leading customers. Regrettably, more
information was not made public. Lastly;
the funds will be used to manufacture and commercialize, Enovix’s proprietary
3D silicon lithium-ion battery.
###
Written
from Press Release
Registered
Writer with
PR
Newswire Association, LLC
R-Berumen28
04/03/2020
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