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News for January 28, 2023

24M Secures $3.2 Million in Funding to Develop Low-Cost EV Batteries for RV Industry

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24M, a company specializing in developing advanced batteries, has been selected to receive $3.2 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) program. 

The funding is part of the Electric Vehicles for American Low-Carbon Living (EVs4ALL) program, which aims to develop more affordable, efficient, and resilient electric vehicle (EV) batteries, according to a press release.

This funding is particularly exciting for the RV and EV industries, as 24M’s partnership with the Massachusetts Institute of Technology (MIT) and Carnegie Mellon University (CMU) will focus on developing low-cost, fast-charging sodium metal batteries with good low-temperature performance for EVs. 

This technology could potentially revolutionize how RVs are powered, making them more affordable and accessible to a wider range of consumers.

“We are pleased to be chosen for this initiative and help strengthen the domestic supply chain for advanced batteries that power electric vehicles,” said Naoki Ota, president, and CEO of 24M. 

“The demand for lower-cost, higher-capacity batteries is greater than ever before. The current processes to manufacture lithium-ion batteries are approaching performance and cost limits and require an innovative manufacturing platform that improves performance while reducing costs.”

24M’s cell design will incorporate three key features: an ultra-thick SemiSolid cathode made up of advanced cobalt-free, nickel-free sodium cathode active material, an advanced wide-temperature, fast-charging electrolyte developed using machine learning and automated high-throughput screening technology, and a superionic sodium conductor.

“As the U.S. Department of Energy looks to expand domestic adoption of electric vehicles, sodium metal batteries can play an important role in ensuring low costs for all consumers,” said Dr. JunZheng Chen, director of advanced R&D at 24M. “This funding will help us develop, manufacture, and deliver these batteries at scale.”

The industry is eagerly awaiting the results of 24M’s research and development, as the success of this project could have a significant impact on the future of the RV and EV industries.

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Hi, you might find this article from Modern Campground interesting: 24M Secures .2 Million in Funding to Develop Low-Cost EV Batteries for RV Industry! This is the link: https://moderncampground.com/usa/24m-secures-3-2-million-in-funding-to-develop-low-cost-ev-batteries-for-rv-industry/