Northvolt acquires Cuberg – Just Auto
Northvolt has acquired Cuberg, a US-centered battery technology enterprise providing lithium metallic cells manufactured on existing lithium-ion manufacturing traces for electromobility remedies.
Cuberg was spun out of Stanford University in 2015 with the aim of commercialising following-technology battery technological innovation centered on a liquid electrolyte mixed with a lithium metallic anode.
Cuberg counts mobility businesses between its buyers, which include Boeing, BETA Systems, Ampaire and VoltAero. The company’s buyers and money backers include Boeing HorizonX Ventures, Activate.org, the California Power Commission, the US Section of Electrical power and the TomKat Centre at Stanford.
“The Cuberg staff has demonstrated exceptional means to develop technology, verified benefits and a consumer base in a lean and successful organisation,” reported Northvolt CEO and co-founder, Peter Carlsson.
“Combining these strengths with the abilities and technology of Northvolt enables us to make major enhancements in both of those overall performance and safety though driving down price tag even more for the up coming-technology battery cells. This is vital for accelerating the shift to entirely electric motor vehicles and responding to the needs of the major automotive firms within just a appropriate time frame.”
Cuberg’s batteries, based mostly on its electrolyte technologies for lithium steel anode, are intended for commercialisation. Validated by third functions, the cells deliver extra than 70{c9ada2945935efae6c394ba146a2811ce1f3bfd992f6399f3fbbb16c76505588} improved variety and potential vs . equivalent lithium-ion cells designed for significant-level electric aviation programs.
Setting up on this basis, Northvolt and Cuberg will mature its automotive and industrial products portfolio with the ambition to industrialise cells in 2025, which exceed 1,000 Wh/L, whilst assembly the spectrum of automotive consumer needs.
Cuberg’s know-how addresses the major obstacle with emerging battery technologies, which is productive manufacturing scale-up. Cuberg has presently demonstrated compatibility of its technological innovation with the current lithium-ion producing ecosystem, which minimises time to market place and allows professional deployment in the electromobility current market.
The new know-how will be deployed at scale in electromobility markets inside of a few yrs, starting off with electric aviation.
Northvolt will build a engineering centre in Silicon Valley based on the Cuberg acquisition and is selecting battery market employees. In addition to accelerating the lithium metallic cell improvement and optimising technologies for automotive applications, the new centre will emphasis on supplies research and progress for lithium-ion anode and electrolyte systems.
The centre will permit Northvolt to engage and husband or wife with know-how providers and universities in Silicon Valley, with the intention to bridge exploration attempts involving Europe and North The usa. It will also provide as a take a look at bed for methodologies leveraging digitalisation, artificial intelligence and device discovering.
“Northvolt delivers unbelievable technology and production capabilities that will speed up the commercialisation and adoption of our lithium steel technologies,” added Cuberg CEO and co-founder, Richard Wang.