New Battery Company Innolith Launches to Redefine Power Storage Market
Safe power battery delivers 10X more cycles at one third cost of existing technologies; Breakthrough technology enables grid stabilization, EV charging markets and brings electricity to energy poor countries
BASEL, Switzerland: Innolith AG (“Innolith”), a Swiss battery technology company is launched to commercialise an innovative battery technology platform to solve the world’s electrical power challenges. The low cost-per-cycle batteries will stabilise electricity grids against blackouts, support integration of renewables, recharge the rapidly growing fleets of electric vehicles and enable reliable electrical power in energy-poor countries.
Based in Basel, Switzerland, Innolith has its principal Research & Development Centre in Bruchsal, Germany, where 60 chemists, engineers and technicians have perfected the new battery platform.
The Innolith batteries use an unconventional inorganic electrolyte that delivers far greater durability, but also ensures a safer battery that is fundamentally non-flammable. This is in contrast to organic lithium-ion (Li-ion) batteries that have limited usable lives and have caused multiple fires in consumer devices and grid applications.
The Innolith technology is already proven through the deployment of a prototype on the US grid, where the Innolith batteries deliver high power and offer a very long lifetime of over 50,000 cycles. This means that the batteries provide a fraction of the cost-per-cycle compared to conventional Li-ion grid batteries while delivering the high power, high cycle grid-regulation services.
“The world has adapted lithium-ion battery technology, which was originally developed for consumer electronic devices, for large grid-scale battery applications. But today’s Li-ion batteries are limited in how many recharge cycles they can achieve and have an inherent risk of fire or explosion,” explains Alan Greenshields, Board Chairman of Innolith AG. “What the world needs is a safe battery that can operate over tens of thousands of cycles and still deliver the power needed. Innolith has created such a battery, which has been tested by third party labs and proven commercially in a demanding application.”
Production of Innolith batteries is expected to commence with production line tests in 2019 and volume production in 2020. Manufacturing and production line automation will be undertaken by specialist partners selected by Innolith. Greenshields noted, “Battery manufacture is a mature industry and so cell assembly should be carried out by manufacturing experts who can bring their skills and experience to bear to deliver high quality and low costs. Innolith will work with industry leaders to achieve this while focusing its core R&D, product design and specialty chemical skills.“
“The demand for a high power, high durability and safe battery is not in doubt,” states Sergey Buchin, CEO of Innolith AG. “Our task is to take the technology into large-scale production and we are at an advanced stage in achieving this. We are on track to procure mass production of Innolith’s high power battery by 2020. Beyond this, our team of scientists is working on new generations of inorganic batteries that promise to deliver substantial gains in performance.”
Innolith will market its batteries through special system integrators and distribution partners. The company will also work with governments and non-governmental organisations for the installation of Innolith batteries as a safe and long-term means of improving fuel efficiency of conventional generation and integrating renewable energy in developing economies.
About Innolith
Innolith AG is an energy technology company, headquartered in Basel Switzerland, that is pioneering an inorganic battery technology platform which provides high power, long cycle-life and safe batteries. Innolith conducts primary research at its labs in Bruchsal, Germany and its technology is already deployed on the PJM network in the US for frequency regulation.
